AMCs
Whether you are a new AMC or an established company selecting the right appraiser is perhaps the single most important responsibility of an AMC. Due diligence is critical and you must demonstrate to your clients that you are appropriately selecting the best appraiser for each assignment. We can manage multiple layers of lists. One client may have an exclusionary list while yet another just an approved list. It doesn’t matter what their policies are, we can make appraiser selection easy.
And when it is time to pay your ASC fees for panel management we can assist in keeping overhead to a minimum. No need to maintain appraisers on your panel who are inactive.
We also have responded to your need for “back office” fee panel management functions. Not to worry, our admin tools allow your business to remain secure and confidential. You decide if you wish to share any information across the platform.
Paying out a “reps & warrants” claim is painful. Avoid engaging appraisers who have demonstrated clear patterns of behavior with subpar standards and ethics.
Regulatory compliance is one of the most complex challenges facing any organization operating in the appraisal space.Our online searchable database allows quick and easy access to every regulation, guideline, and appraisal policy ever in print. Add your own policy for transparent and easy access by your fee panel.
Title XIV of the Financial Regulatory Reform law calls for mandatory reporting of appraisers who violate USPAP to their State Agency. We’ve standardized the format and created a portal through which to route the complaints. We’ve simplified the process by summarizing the most common deficiencies found in appraisals and mapped them to USPAP. CBOX™ is your “easy button”.
AREA 56™ is a database of all AMC, BPO, and other appraisal legislation at the state level. Why 56 instead of 51? With all states, territories and the District of Columbia there are 56 jurisdictions. No, we don’t intend to imply that anything bizarre might be occurring in this space.