Appraisal management companies like AmeriMac Appraisal Management are designed to oversee the appraisal process in a fair and efficient manner. We provide unparalleled handling of appraisals, including vetting the appraisers, compiling data, and ensuring that every stage of the process remains in compliance with state and federal regulations. We make it our business to maintain the quality of the appraisals, weeding out errors and keeping the process unbiased.
Companies like AmeriMac are subject to regulations that have been designed to assure customers of maximum reliability and fairness. This helps us deliver a superior experience to our customers. Individual appraisers we work with are eager for assignments since we make it so simple for them to complete their best work. Lenders look forward to collaborating with us because they know they can expect excellent appraisals. This means that buyers and sellers are also guaranteed efficient work when it comes to property appraisals whether they are for residential or commercial transactions.
Appraisal management companies are regulated in many different ways, and are subject to more oversight than individual appraisers. At AmeriMac, we embrace that kind of regulation. It helps keep us on our toes when it comes to compliance and producing appraisals that we can vouch for on a consistent basis.
After the U.S. housing crisis — and the subsequent recession, a new code of conduct was created on the federal level to act as oversight for appraisals. Because of this rule, many lenders found it simpler and more efficient to work through appraisal management companies rather than individual appraisers. Companies like AmeriMac are trustworthy because of the oversight that governs them. We are reliable and pride ourselves in staying current with all applicable rules no matter where the real estate property is. Having a company that adheres to oversight and regulations ensures that appraisals are completed properly — and without bias. Appraisal management companies are the best bet when it comes to making certain that no detail is left behind. We check and double-check that everything has been completed properly during an appraisal before sending it to the lender.
We also take seriously our responsibility to always stay informed of state and federal regulations — the oversight that has been put in place to ensure the quality and neutrality of appraisals. Since different states have different regulations, we make sure our team members remain experts in the various rules. All of our staff has ample experience.
Regulation is important for appraisal management companies so that we can ensure the quality of the appraisals. We do that by vetting appraisers and making sure their credentials stay up to date. We only assign appraisers who are experts in that area to certain kinds of properties. We also double-check the appraisals to ensure that nothing is missing and the information is fair and accurate. Appraisal management companies like AmeriMac act as gatekeepers between individual appraisers and the lenders who require the appraisals. Our expertise and impartiality guarantee the high quality of the appraisal — and that the process remains in compliance with relevant rules and regulations.
This kind of regulation and oversight offers an added layer of protection to buyers. Check out our Services page to see how we can best help you.
It is difficult for individuals to stay on top of changes to rules and regulations surrounding appraisals. Lawmakers and stakeholders on both the state and national levels consistently introduce new legislation that may or may not be passed. Some original regulations have been overruled by new rules that seek to address the changing needs of the industry. In some cases, it may seem easy to fumble the requirements instead of remaining in compliance with all of them during appraisals. You need an expert in your corner to make sure that nothing is missed.
Additionally, what may be a rule in one state might not apply to an appraisal in another state. Although appraisal management companies are governed by minimum regulatory standards thanks to federal acts, many states have gone further in the rules they require those companies to follow.
Though this may sound confusing, such regulations benefit buyers and sellers by making appraisals more accurate, fair, and unbiased. And if you work with a company like AmeriMac, which has nationwide experience in the appraisal process, you will be guaranteed that our expert team will ensure that no detail is missed no matter which state the property is. You can expect quick and competent service every step of the way.
Are you ready to experience the difference with AmeriMac Appraisal Management? Contact us today!