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Tag Archives: AMCs
When the Home Valuation Code of Conduct (HVCC) was instituted, many lenders began outsourcing their appraisal procurement and other collateral valuation process to AMCs as they felt it was easier to stay in compliance using a third party. Putting it simply, HVCC was intended to increase oversight and eliminate improper pressure and relationships between lenders and appraisers. Since the advent of the HVCC, now replaced by the very similar Appraiser… Continue reading
Last month I mentioned that I attended the Appraisal Institute’s national conference in San Diego on Aug. 1-3. This month I will cover some interesting highlights from the panel discussion on Effective Collateral Risk Management. The panel moderator was Leland Trice, Principal, The Trice Group. The panel consisted of Danny Wiley, VP, Staff Appraiser Manager, LSI; Rick Foos, President, Foos & Associates; Ernie Durbin, Director of Valuation Technologies, Valuation Vision… Continue reading
The Appraisal Institute’s Southern California Chapter—the largest of its chapters in the country—hosted its 16th Annual Summer conference on Thursday, July 29, 2010. The chapter presented an excellent program of continuing education that was well attended by both residential and commercial appraisers.
Of particular interest to residential appraisers was a panel presentation—The Changing Role and Responsibilities of AMCs in the Current Marketplace. Panelists included Wes McDaniel, CoreLogic; Jeff Dickstein… Continue reading