After many months of go-go-go, work has finally slowed for me and many of my appraiser colleagues in the area. At first the break was welcome, but after several weeks we all start sweating bullets (you would think we'd be used to the ebb and flow of this business by now). Did we put our eggs into enough baskets or are there simple too few sturdy baskets out there?
I have about five solid clients (not enough for my liking in these slow times). Four of these are AMCs (appraisal management companies). I know that the general consensus (from all parties involved in the loan process) in regards to AMCs in less than stellar, but I have stuck with AMCs that are fair and knowledgeable.
In the past, I tried to only leak out the names of my favorite AMCs in fear of thinning the work with collegues, however I now believe that if we pull for the appraisal management companies that treat appraisers fair and run their business with expertise and good customer service, maybe-just-maybe lenders will listen and look toward their services.
And so here I am starting a list of my favorite AMCs:
Short list, right? Where is the fourth AMC noted above, you may have asked. Well, I'm still on the fence as to their business practices. I don't care for fee-shopping AMCs if you get my drift. I know of other AMCs that colleagues use on a regular basis and seem to like, but I have not used them enough to consider them solid clients and I don't want to expose someone elses 'secret list' without their permission.
Please feel free to add to the list in the comments below and share your stories.