Any AMC's Out There That Do A Lot Of Reviews Or Specialize In Review Work

[Chris Thompson]

Was looking to expand into more reviews since we have a 1 year old and was looking to stay in the office a bit more, anyone know a good source to get more review work. Not big on review work but sure my better half would like me around the house more - little guys a handful - ! --Any leads would be appreciated Thanks-

 

[Eli]

Was looking to expand into more reviews since we have a 1 year old and was looking to stay in the office a bit more, anyone know a good source to get more review work. Not big on review work but sure my better half would like me around the house more - little guys a handful - ! --Any leads would be appreciated Thanks-

Sleep when your baby sleeps. Get up when your baby gets up. Don’t play like your sleeping to your spouse when your baby starts crying.

 

[Chris Thompson]

Sleep when your baby sleeps. Get up when your baby gets up. Don’t play like your sleeping to your spouse when your baby starts crying.

Thanks 5th child so kinda got that stuff down -))

 

[miktay]

Sorry about that.
Eli's not been the same ever since Toys-R-Us went under.

 

[hastalavista]

Thanks 5th child...

Impressive!

Here's my advice: Most of the AMCs that I am aware of will either use staff or existing panel appraisers to do their review work. I'd say your best bet would be contact the AMCs you already have a relationship with and shake their trees.

I know of only one AMC that focuses on review work; but it is mostly commercial (their ideal reviewer is a commercial licensed appraiser with residential experience for the one-offs they get from their commercial clients).

The AMCs are the easy ones to contact and try to leverage your relationship with to get the review work.
The other alternative is doing it the old fashion way: Go to smaller community banks or credit unions (local) and see if they need any residential review services.
About 50% of my business book is review work for smaller community banks; so that work exists. For the smaller banks, however, it may residential but likely not a Fannie/Freddie type loan; so knowledge of the IAEG is a must (for their compliance requirements).

Good luck!

 

[J Grant]

Fewer reviews done these days they use checklists or staff to QC unless it;s a real problem child then they bid it out .....more companies it seems are asking for desktop appraisals so perhaps explore that.

 

[hastalavista]

Fewer reviews done these days they use checklists or staff to QC...

JGrant-

Do you have any evidence of that? Review requirements haven't changed as far as I'm aware of. A SR-3/4 review typically requires an appraiser to do it.
The only thing that I see impacting my review volume is transaction volume... not a change in the review-policy of the institution.

I agree that desktops would be an alternative (maybe a higher-volume/higher-chance of capturing) for someone who wants to shift away from the field-work component.

 

[J Grant]

A non std 3 "review" can be done by a non appraiser, QC reviews for errors or computer scan for errors are common as far as I know at many AMC's or lenders with staff appraisers reviewing as well... I've seen far less outsourced desk or field review requests for fee appraisers ( unless you want to work really cheap in a bid which I don't bother with so there's that), maybe she can get on staff as a reviewer working from home or deskwork a lot of phone calls and emails to different companies volume outreach all she needs is one response with enough work to matter.

 

[hastalavista]

A non std 3 "review" can be done by a non appraiser, QC reviews for errors or computer scan for errors are common as far as I know...

Well, I don't consider the above an appraisal review.

 

[Brk83]

At ValueNet we require all our QC reviewers to be appraisers. You could reach out to msarley@valuenet.com. I'm not positive of we are currently looking or not.

If you want to shift to Desktop work you can go to our site and fill out the registration and we would reach out to you if we are in need of appraisers in the area.

Hope that helps. Have a great week.