Saving the Real Estate Industry from the HVCC and AMCs
CP Home Appraisals
DECEMBER 12, 2008
Once the HVCC, Home Valuation Code of Conduct, is enacted the majority of lender and mortgage appraisal requests will be diverted through Appraisal Management Companies (AMCs). Although this may curb the evils of “lender pressure” on us appraisers, it will also take up to 50% of our fee!! For those of you who aren’t familiar with how AMCs work, they are basically a middle-man that routes all appraisal assignments and communications between the ordering party and a randomly sele
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