Appraisal Management Company Archive

“Management companies are taking over the appraisal business”

Here is another news article about appraisers preparing for the implentation of the Home Valuation Code of Conduct. From the Daytona News Journal: “The industry has changed, and over the past five years, management companies are taking over the...
March 17, 2009

NAR President Testifies in favor of regulating Appraisal Management Companies

The President of the National Association of Realtors®, Charles McMillian, testified today before the House Committee on Financial Services’ Subcommittee. In his remarks, President McMillan spoke in support of Appraisal Independence and in favor of managing Appraisal Management Companies....
March 11, 2009

Utah Legislature passes bill to regulate Appraisal Management Companies

The Utah Legislature recently passed a bill that would regulate Appraisal Management Companies. The measure requires AMC’s to register with the Division of Real Estate of Commerce before they can legally operate within the state of Utah. The bill...
March 10, 2009

North Carolina Introduces Legislation to Regulate Appraisal Management Companies

A bill has been drafted in the North Carolina legislature that would regulate appraisal management companies. To summarize, the bill would require Appraisal Management Companies to register with the state appraisal board. The bill would also prohibit AMC’s from...
February 27, 2009

Radio Show to discuss HVCC and AMC’s

Frank Gregoire will be a guest on the MyTechnologyLawyer.com radio show. He will talk about the regulation of appraisal management companies and the HVCC. MyTechnologyLawyer Radio Show – Real Estate Appraisal Series: Francois (Frank) Gregoire (Gregoire & Gregoire, Inc.)...
February 25, 2009

Appraisers Upset Over New Rules

From Ft. Worth Texas, another article on the Home Valuation Code of Conduct: Money quote: Kenneth Jones, a Realtor as well as a 16-year veteran appraiser, said his options are limited if he wants to continue to work: join...
February 17, 2009

Subprime Lender Becomes AMC

Here is a fascinating article from Business Week, revealing how a former Subprime Lender went bust and then transformed itself into an AMC: Take NovaStar Financial (NFI) in Kansas City, Mo. A large subprime lender during the housing boom,...
February 9, 2009

Reader Comment on AMC’s

I just thought I would highlight this particularly well written comment from Howard Ginsburg: An appraiser gets paid $350 – $450 for a 1004 no matter what the loan amount is or the value of the property. The broker,...
February 4, 2009

Florida Association of Realtors seeks Regulation of AMC’s

From Frank Gregoire’s blog: Thankfully, the Florida Association of Realtors has stepped up to the plate and stated their support of an effort to establish regulations for Appraisal Management Companies. During their January 26, 2009 meeting, the Board of...

Appraisal Fees Matter

From the Washington Post, an article discussing the negative ramifications of AMC’s offering low appraisal fees: But some prominent appraisers are scathing in their criticism of management firms. “Their quality is terrible — all they want you to do...
January 12, 2009