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Class Valuation acquires AMC AppraisalTek

Housing Wire

According to a Class Valuation press release, AppraisalTek operates in all 50 states, as well as the District of Columbia, and has a “significant staff appraiser impression” in Arizona. In 2018, Class Valuation, then Class Appraisal, acquired reverse-mortgage focused AMC Landmark Network.

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BREAKING The New York State AMC Law Is Now In Effect

Miller Samuel

Senate Bill S9080 was introduced two years ago during the 2017-2018 legislative session, signed into law on December 27, 2018 and became effective today. They've been progressive in their quick denouncement of other important issues, like appraisal waivers, so the lack of denouncement against AMCs is curious.

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The New UAD: “Don’t Borrow Trouble.”

Appraisal Buzz

It is up to appraisal software companies to develop solutions to provide this specific data set. All 12 of the existing mortgage appraisal forms will be retired, and a new uniform appraisal report will be produced from the data set. This multi-year project began in 2018.

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