No, this offer is not for appraisers. This offer is for lenders interested in working with the ironically-named appraisal management company (AMC) InHouse.
InHouse is the best AMC in the industry – just ask them, they’ll tell you. “InHouse Solutions is simply the best AMC in the industry…And we’re so confident that we’re the best that we will bet on it.” So, starting in July, InHouse is betting that they can beat any lenders AMC in terms of turnaround time and appraisal quality. If InHouse can’t beat the lender’s current AMC then the lender will get $10,000. Lenders must use the InHouse Connexions platform.
InHouse President told Valuation Review (here, membership required) “There’s no denying that a lot of appraisal management companies sacrifice quality in exchange for faster turntimes, but speed and integrity don’t have to be mutually exclusive,” and “InHouse Solutions has a zero tolerance approach toward negligence and fraud. We’ve created a formula for measuring each appraiser’s actual track record in the areas of critical importance to lenders. We’re committed to high quality and the fastest turn times — and we’re here to prove it.”
How does this impact appraisers working for InHouse? Well, the company is silent about fees (at least on their Web site) but acknowledges the importance of the appraiser. “Our belief is that if we treat our appraisers well, they will give our clients the best service, and together we can become the best AMC in the industry.”