AMC is acting as an acquisition contractor for the lender. Not a user of the appraisal - they make no loan decisions and they loan out no money.the AMC is a non user of the appraisal...except when they are milking the public for more money
What's the difference between an outside contractor or subcontractor selling their services to the lender for money vs an employee selling their services to their employer for money? None."Because they sell services to their clients, just like appraisers do."
That's quite the stretch....
Considering many appraisers are staff appraisers....
Who aren't required to sell the company's services....
Why do appraisers like to compare appraisers to doctors, attorneys, pilots, plumbers, mechanics, etc....
The AMC to the lender is just like the number hitting appraiser to the mortgage broker back in the old days.... make it work, get more gigs.AMC is acting as an acquisition contractor for the lender. Not a user of the appraisal - they make no loan decisions and they loan out no money.
Employees aren't selling....What's the difference between an outside contractor or subcontractor selling their services to the lender for money vs an employee selling their services to their employer for money? None.