Appraisal Management Companies (AMC)

Appraisal Management Companies (AMCs) act as intermediaries between lenders and professional appraisers. When a bank or lender needs an appraisal to determine a property's value, the AMC manages the process by selecting qualified appraisers, ensuring the appraisal meets industry standards, and coordinating the delivery of the report. This helps safeguard the lender's investment, maintains independence and objectivity in valuations, and complies with regulations. Essentially, AMCs streamline and oversee the appraisal process to ensure accurate, unbiased property valuations for mortgage or loan decisions.