Appraisal Management Companies (AMCs)

Appraisal Management Companies (AMCs) act as intermediaries between lenders and qualified real estate appraisers. They coordinate and oversee the appraisal process to ensure it meets industry standards and regulations. When a bank or lender needs an appraisal to determine a property's value, the AMC selects a qualified appraiser, manages communication, and reviews the appraisal report for quality. This process helps maintain objectivity, compliance, and fairness in the valuation, which is critical for mortgage lending and property transactions. Essentially, AMCs streamline and oversee the appraisal process to ensure accuracy and integrity in property valuation.