What is an appraisal management company?
Management company is the operation, control, and oversight of real estate as used in its most broad terms. Management indicates a need to be cared for, monitored and accountability given for its useful life and condition. This is much akin to the role of management. voyage Vietnam
You can see: http://en.wikipedia.org/wiki/Property_management
An appraisal management company (AMC) is a business entity that administers a network of certified and licensed appraisers to fulfill real estate appraisal assignments on behalf of mortgage lending institutions, as well as other entities. The AMC recruits, qualifies, verifies licensing, and negotiates fees and service level expectations with a network of third-party appraisers. It also provides administrative duties like order entry and assignment, tracking and status updates, pre-delivery quality control, and preliminary and hard copy report delivery. Furthermore, it involves ongoing quality control, accounts payable and receivable, market value dispute resolution, warranty administration, and record retention. An appraisal management company, therefore, is an outsourcing solution that is usually paid by a lender-client to act on the lender/client’s behalf to engage real estate appraisers and to perform the administrative functions involved in the appraisal ordering, tracking, and del
An appraisal management company (AMC) is a business entity that — for a management fee — administers a network of certified and licensed appraisers to fulfill real estate appraisal assignments on behalf of mortgage lending institutions. The AMC recruits, qualifies, verifies licensure, and negotiates fees and service level expectations with a network of third-party appraisers, administrative duties like order entry and assignment, tracking and status updates, pre-delivery quality control, and preliminary and hard copy report delivery. It also involves ongoing quality control, accounts payable and receivable, market value dispute resolution, warranty administration, and record retention.
