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Reputable Amcs

Discussion in 'Marketing' started by allison lucas, Oct 5, 2004.

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  1. allison lucas

    allison lucas Sophomore Member

    0
    Apr 12, 2003
    Greetings:

    I'm looking for references from you guys to find some reliable AMCs; it seems that many brokers I've worked with are taking this route. I've already scavanged through other topics for names but would like to create a consolidated list.

    Thanks a bunch :blueflower: Allison
     
  2. Robert Dunkle

    Robert Dunkle Senior Member

    0
    Jan 17, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Oklahoma
    Some on this forum will tell you that "reliable AMC" is an oxymoron. They are like most other businesses, they will use you as long as they need you, then throw you away like last night's dishwater.
     
  3. allison lucas

    allison lucas Sophomore Member

    0
    Apr 12, 2003
    That's what I thought. In fact, I was going to refer to 'reliable AMCs' as being an oxymoron within my post initially. Recent experiences, though, seem to suggest that many brokerages and lenders are making use of these industry skimmers. So if that's the case then I would imagine that there just might be legitimate AMCs that take care of their appraisers. Am I dreaming?
     
  4. Jeff Horton

    Jeff Horton Senior Member

    0
    Jan 15, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Alabama
    There are some that are better than others. I imagine there are a few that are actuallyy good. But they probabaly are small and local. But don't expect many Appraisers are going to give that info out publicly. There are a lot of people that read this group and never post. If they post their good clients names their competition may read it and steal their client.
     
  5. Stephen A. Santini

    Stephen A. Santini Sophomore Member

    0
    Jun 23, 2003
    Professional Status:
    Appraiser Trainee
    State:
    California
    I've done a little work for a major AMC in the past few months. I haven't heard from them for about six weeks now. When I call them to ask why my work has been cut-off their reply is "things have slowed down in your area". I find this to be bull@#*#. They probably don't like my turn times. They want a turn time of 2 days after inspection, even if the property being appraised is a difficult one. Oh well, I don't miss getting a call twice a day asking me when the appraisal is going to be ready. They worked for a while but now it's time to move on. :dance:
     
  6. J Grant

    J Grant Elite Member

    Top Poster Of the Month

    118
    Dec 9, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    Best way is to experience them for your self- like we all did. AMC's change managment, and we all have different sytles- posters disagree on which AMC"s are good to work for. Also AMC"s have different rates and standards in different parts of the country. So, sign up with a few, then weed them down to the best one or two you like working with and give them your best service. With all the bad things written about them, most AMC's are loyal to productive appraisers, so don't try to spread yourself too thin with too many of them. Good luck
     
  7. Dean

    Dean Senior Member

    8
    Oct 16, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    Tennessee
    I work for two AMC'S, both of whom pay good fees. Its a good steady line of income, or at least it has been for me.
     
  8. Jim Onderisin

    Jim Onderisin Senior Member

    8
    Sep 15, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    Illinois
    Dean, what percentage of the appraisal fee represents a "good" fee to you? I like to think that 100% of the appraisal fee is reasonable. When I started appraising, I was advised to look into AMC's as a source of business. Looking back, I can't really say they were a source of business. These companies are bad news, plain and simple. If they were honest, they'd be advertising to appraisers, "We attract a lot of lender business because we provide appraisals throughout the country. We'll hire you to do appraisals for us if you can do them lightning fast and dirt cheap. The faster and cheaper, the more appraisals we want you to do for us. We want to suck all the money that should be going into your pocket going into ours. We also don't want to have to provide you with any health or vacation benefits, and we don't want any liability. That's why we hire you as an independent contractor. In short, we think you are a sucker." Of course, they wouldn't attract as many appraisers then.
     
  9. josephdifranco

    josephdifranco Member

    0
    Mar 19, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Illinois
    I spoke with one amc a while back, they said I could get business based on fee. They broke down each county, and one county was down to about 50% of a full fee. A new appraiser had to lowball the fee by 5 or 10 percent to win the business. What can you do, if the appraiser will do it, can't stop em.
     
  10. Kimberly Baldwin

    Kimberly Baldwin New Member

    0
    Apr 13, 2005
    Accolade Network, Inc. www.appraise.com
    AMCO (Appraisal Management Company) - www.amco.net
    AMLEND Mortgage Services - www.amlendonline.com
    Appraisal Enhancements www.ousleyinc.com
    Atlantic Assurance - 800-707-3703
    Atlantic First - Web site will be up in Nov. 1999.
    Atlantic-Pacific Appraisal www.apaappraisals.com
    CALCO Appraisal Management - www.calco.org
    Chicago Title - Market Intelligence, Inc. www.ct-mi.com
    Express Financial Services - www.efstitle.com
    First American Appraisal Services www.firstam.com/appraisal
    G.E. Capital Residential Connections - www.gecrs.com
    General American Credit - www.gac.com
    Integrated Loan Services - www.ils.com
    Integrated Real Estate - 1-800-401-4420
    Interpraise/US Appraisal Network - www.interpraise.com
    LandAmerica Financial Group - www.ltic.com/offer/onestop.htm
    LandSafe Appraisal Services - www.landsafe.com
    Lenders Service, Inc. www.lendersservices.com
    Mortgage Information Services www.mtginfo.com
    Nationwide Appraisal Services - www.nascopgh.com
    Oaks Financial Services - www.oaksfinancial.com
    Orisyn - www.orisyn.com
    Ornet - Old Republic Network Residential Services - web site in early 2000.
    STARS/Cendant - Call 1-800-605-3937 and ask for vendor management/recruiting for your general area of the country
    Steele Software Systems - www.steelesoft.com
    U.S. Property & Appraisal - www.uspa.com - click on Vendor Services
    Value-IT/First American - www.evalueit.com
    Westpoint Appraisal Services- 800-375-3992
     
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