As a leading national provider of valuation services, MyAMC was designed and operates in a manner that provides Compliance you can trust. We are adamant about compliance with Appraiser Independence Requirements (AIR), Dodd-Frank, TILA, FHA, and Interagency Guidelines.
Vendor Management Licensing
We are fully licensed and bonded in all required states. Please view our coverage map with license number and expiration date.
Appraiser Independence Requirements (AIR)
We promote Appraiser Independence in every aspect of the selection, fulfillment and ordering process. Appraiser recruiting and selection is independently driven by MyAMC’s Vendor Management Team, using geographic competency, experience and performance metrics, and is free of inappropriate influence.
Our ordering system retains a complete history of the assignment and fulfillment process, including all communications and documents that pass between loan production and the appraiser, and ensure that the appraiser is not provided with an anticipated, estimated, encouraged or desired value.
Appraisers are promptly paid for their services, based on customary and reasonable fees for the market they serve. Removal from MyAMC panel is based solely on bona fide administrative or quality-control reasons and require appraiser notification.
We maintain an Appraiser Independence hotline and email address, and encourage appraisers to immediately report any inappropriate activity or attempts to violate Appraiser Independence.
Link to our Hotline Phone and Email address
USPAP / UAD / EAD
Appraisers are required to prepare appraisals in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP), and to deliver them in UAD or EAD format.
Fannie Mae UCDP Info https://www.fanniemae.com/singlefamily/uniform-collateral-data-portal
USPAP Link http://www.uspap.org/
Second Appraisals / Reconsiderations
In accordance AIR second appraisals or reconsideration requests must be based on the belief that the initial appraisal was flawed or tainted or is required by written policy or law. An in-house State Certified appraiser reviews all second appraisal or reconsideration requests to ensure that they are warranted and free of inappropriate content and influence.
Link to our Reconsideration Form