What are broadcast AMC’s?
As a practicing appraiser you are aware that currently most appraisals business is generated by banks which use AMC’s to order appraisal reports. No matter how you feel about AMC’s, over 80% of all residential business controlled by Appraisal Management Companies. Theoretically there are hundreds of AMC companies in USA, but in reality between 50-75 control most of the work flow. Some AMC’s send orders to appraiser directly, after appraiser registers and provided his credentials. Other AMC’s use broadcast system to send out orders. The way that broadcast system operates is AMC will have 10-20 appraisers that work in the same area receive notification that an appraisals is available. The person that accepts the appraisal first gets an order. Putting aside whether the system is fair or not that’s how broadcast AMC’s distribute orders.
Our software will work for you 24/7 to immediately accept order. If latter on you feel that order is unacceptable or fee is not supported by complexity, appraiser always has the right to cancel an order (with us and with AMC) or request appropriate fee for complexity from AMC.