My favorite AMCs (appraisal management companies)

By
Real Estate Appraiser with Ashcroft & Associates

 

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 Eggs in one basketare 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:

  • Pyramid
  • Solidifi
  • Appraisals2U

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.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Groups:
Mortgages
Appraisers
The Appraisal Process - From A to Z
Appraisers
Appraiser Blog
Tags:
amc
appraisal management company

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainer
241,053
Jesse Skolkin
Independent New York State Certified Real Estate Appraiser - Fresh Meadows, NY

Welcome back Sara - I hope all is well with you!

Nov 02, 2013 11:55 PM #1
Rainmaker
120,300
Sara Goodwin
Ashcroft & Associates - Portland, OR
Portland, Oregon Appraiser

Thanks Jesse!  Does that mean you have no kind words to say about AMCs? (If so, I think I might be with you on those thoughts today :-) ) -

Nov 05, 2013 04:45 AM #2
Rainmaker
120,300
Sara Goodwin
Ashcroft & Associates - Portland, OR
Portland, Oregon Appraiser

Please consider trying this website:  www.appraisaladvisor.com  -  It's free (or at least has a free trial) and it's good for not only writing your own reviews, but finding AMCs that other appraisers deem decent (like Yelp for AMCs) -

Nov 20, 2013 01:09 AM #3
Anonymous
scott Wooters
Sara - Thank you for the post -- At MyAMC (formerly A1 Closing) we highly value our Appraiser community. We are most competitve in pay to attract the best of the best (we use a fixed markup model vs margin so our Lender's are comfortable in knowing we pay well) and we pay bi-monthly. We hope that if you have not become a member of our panel that you consider us. Scott Wooters www.myamc.com
Dec 30, 2013 12:22 AM #4
Rainmaker
120,300
Sara Goodwin
Ashcroft & Associates - Portland, OR
Portland, Oregon Appraiser

Thanks for the info, Scott.  I'll look into your company.  A1 Closing appears to have pretty high scores from appraisers on myappraisaladvisor.com

Jan 02, 2014 04:21 AM #5
Rainmaker
127,413
Kenneth M Rossman
Appraiser, Ken Rossman - Boynton Beach, FL
FL Certified General Real Estate Appraiser #RZ3504

I quit doing AMC appraisals in 2009 And only work for attorneys, accountants and private clients now - I couldn't be more pleased with the transition.

Jan 02, 2014 08:01 AM #6
Rainmaker
120,300
Sara Goodwin
Ashcroft & Associates - Portland, OR
Portland, Oregon Appraiser

I don't blame you Ken ... It's nice to have alternatives available to us.

Jan 06, 2014 09:55 AM #7
Rainer
9,659
Larry Ellis
L Ellis Appraisals - East Meadow, NY

I agree with Solidifi.  No experience with the other 2 :)

Jul 17, 2014 12:49 AM #8
Anonymous
robin nemes

I find it amazing that almost all of the people working at the AMCs know virtually nothing about appraisals. I am not talking about the appraisers they engage to do the work. The employees at the AMCs are the biggest bunch of idiots I have ever come across. They don't even know what "urgent" means. We brokers would be much better off without the AMCs. They are the downfall of the mortgage industry.

Mar 25, 2015 04:58 AM #9
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
120,300

Sara Goodwin

Portland, Oregon Appraiser
Ask me a question
*
*
*
*
Spam prevention