What Is an Appraisal Management Company (AMC)?
An appraisal management company (AMC) is an independent third-party entity that manages the appraisal process on behalf of mortgage lenders. AMCs select and assign qualified appraisers, coordinate scheduling and communication, review completed reports for quality and compliance, and deliver appraisals to lenders—all while maintaining the separation between loan production and property valuation required by federal […]