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  #1  
Old 07-05-2004, 11:24 PM
Wayne Henry's Avatar
Wayne Henry Wayne Henry is offline
 
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I am wondering where certain banks go to order there appraisals. I know Wells Fargo uses Value It and LSI. Bank of American utilizes Valocity and Citibank uses Chesapeake. I am wondering where Washington Mutual, Wachovia and Beneficial goes to order appraisals. Maybe they do not use appraisal management companies (AMC's) If anyone happens to know please post, I would like to get on board with them.
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Old 07-06-2004, 08:47 AM
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Tim Hicks (Texas) Tim Hicks (Texas) is offline
 
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WAMU orders through Appraisalport.
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  #3  
Old 07-06-2004, 09:39 AM
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Beneficial uses IREP (Integrated Real Estate Processing) and Wachovia uses Greenlink.
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  #4  
Old 07-06-2004, 11:38 PM
kim grant kim grant is offline
 
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WAMU moves their business around and uses LSI, GAC and AppraisalPort. They also pit one against each other on TAT as does Citi who uses LSI, AppraisalPort and Cheasapeake. All of the big banks move the business around but basically all of them use AMC's.

Good luck!

--Kim
  #5  
Old 07-12-2004, 07:15 AM
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Doug in NC Doug in NC is offline
 
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Frustrating isn't it? Either work under time pressure for low fees with an AMC, or you have to be in some broker's back pocket to get volume work anymore. I used to do work for several of the larger local banks in my area, now that they have gone to amcs I have lost interest in trying to get their business.
  #6  
Old 07-14-2004, 02:28 PM
Em Tee Em Tee is offline
 
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Appraisalport isn't an AMC . It's merely a way to communicate back and forth with the client. Appraisalport doesn't pick the appraiser or have any interaction other than as a means of transmission.
  #7  
Old 07-27-2004, 07:15 PM
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Desiree Mehbod Desiree Mehbod is offline
 
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Appraisers pay $5 per appraisal to send their appraisals via AppraisalPort which gathers the appraisals' data for later re-use (AVM).

More discussion about AppraisalPort in this thread:http://appraisersforum.com/forum/ind...howtopic=18875
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Old 01-25-2005, 11:27 AM
Jay D. Greener Jay D. Greener is offline
 
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Bank One (retail) = JP Morgan Chase uses TransUnion. USBank uses TransUnion and I've seen a few from e-trade financial as well. LandSafe=Countrywide.
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