AMC vs Appraisal software system?

[Cob]

Xome is AMC. Lender X is a portal. Xome owns Lender X.

Xome is not an AMC.

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[Joe Flacco]

Xome is not an AMC.

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Find homes for sale, find an agent, view virtual tours, receive homes by e-mail, learn about buying and selling a home and more!

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I think Xome does have a AMC as one of their business lines. But I don't know for sure.

 

[Joe Flacco]

All I know is one of my clients uses Lender X.

 

[Cob]

I think Xome does have a AMC as one of their business lines. But I don't know for sure.

That is correct, but you stated Xome is an AMC, they are not an AMC.

 

[Cob]

All I know is one of my clients uses Lender X and my average fee from them is like $1,600 with a range of $1,200 to $2,000.

Your clients are the ones that are giving you the great fees, Lender X is just the portal you client is using to order and communicate through out the process.

 

[Joe Flacco]

Your clients are the ones that are giving you the great fees, Lender X is just the portal you client is using to order and communicate through out the process.

Yes

 

[Jayjay25]

The true test to determine an AMC from a direct lender......Add an invoice......if they freak out: AMC. If they’re cool with it: direct lender

 

[Alsie35]

"Lender X" ... just got on their platform last week through a new direct lender client ... looks like the software is similar to Mercury ... pretty easy to work with ... someone was an "X-FIles" fan ....

 

[andrew81]

Xome is not an AMC.

xome is also an AMC
https://vendor.xomevaluations.com/Account/Login
https://www.xomesolutions.com/services/valuations/

Illinois AMC License


Iowa AMC License

 

[alebrewer]

Xome IS an AMC (among other things). LenderX is an order management portal, much like Mercury or AppraisalScope. Xome does, however, own LenderX as part of their real estate operations. They also have their fingers in a lot more settlement services.

LenderX

Industry-leading appraisal management software for mortgage professionals nationwide.

app.lenderx.com

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