At AmeriMac, our appraisal ordering and appraiser selection process is unique and focused on quality.
With each appraisal order, we take great care in assigning the order to an expert from our appraiser panel. Our appraisers are hand-selected based on their:
We keep track of these criteria through their member appraisal profile which includes this historical performance information and their geographical coverage areas.
An important aspect of the appraisal industry is to be in compliance with the guidelines set forth by regulatory bodies. Legislation enacted in 2010 following the Great Recession called for impartiality between the lending group and the appraiser. These requirements, like those that appear in the Dodd-Frank Act, include a clear separation of the lending and valuation process.
The facilitation of this level of separation is best conducted by appraisal management companies like AmeriMac, who make staying up to date with these regulations a full-time job. AmeriMac selects appraisers that are well-informed on appraisal regulations and requirements to deliver accurate and compliant appraisal services consistently.
To maintain further integration with regulatory compliance, and to ensure lender satisfaction, AmeriMac utilizes constant quality control measures. All of our appraisal reports are inspected against our rigorous 63-point checklist in compliance with USPAP and other regulatory requirements. Our quality control methodology also helps minimize the likelihood of potential errors that could delay turn times in underwriting. We invite appraisers to work with us that share our high standards and continue to elevate our appraisal service.