I've been tossing a question around in my head and the clients that I've spoken with about it really don't know the answer.
If your client, a local brokerage, signs up with an AMC, can they submit an 'approved appraiser list' to that AMC so that they are still working with the same group of appraisers they have built a relationship with? It only stands to reason that if lenders and AMCs have approved lists, then the brokerage should have the right to have that much control left, right?
The brokers that I have spoken with are all pretty confused about what is to happen starting May 1st. Most that understand what the HVCC means (believe me, there are still quite a few that are in the dark) are planning on tagging along with whatever AMCs their primary lenders use as not to make waves during the transaction process. So my suggestion to all appraisers that don't want to lose their clients is to sign up with these companies. It doesn't mean that you have to take the work, but it doesn't hurt (and might be a good idea) to be on their roster, regardless. Who know's? We might have some leverage as to fees and conditions if we're on a smaller 'approved list', aye?
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