AUSTIN—Representative Kuempel (R-Suguin) passed house bill 1146 to establish a reasonable registration and regulatory structure for appraisal management companies operating within Texas.
As a result of the implementation of HVCC and the following outsourcing by many financial institutions to have appraisal management companies manage appraisers fulfilling appraisal assignments, the AMCs have grown tremendously over the years without any government oversight.
Jennifer J. Johnson, Secretary
Board of Governors of the Federal Reserve System
20th Street and Constitution Avenue, Northwest
Washington, DC 20551
Re: Interim Final Rule – Customary and Reasonable Fee Stipulation
Dear Ms. Johnson:
The Title Appraisal Vendor Management Association(“TAVMA”) wishes to express its views about the misinformation being disseminated by appraisal organizations and publications about the Federal Reserve’s Interim Final Rule and Appraisal Management Companies (“AMC’s”). TAVMA is a national trade association of real estate settlement services providers including many leading appraisal management companies.
Driving over the Coronado Bridge today on my way to do an appraisal (which happened to be rescheduled from 9am to a later time of 11am), traffic was nearly at a standstill. Rounding a car parked on the side I saw a lady swigging from a wine bottle while looking over the side. I was shocked nobody else was stopped. Well, I pulled in front of her car and started talking with her. After telling me her car broke down and that she was just waiting for a tow truck, I stayed within arm reach of her and tried to talk to her. After about 5 minutes of getting nowhere and no police yet she was getting irritated with me asking her questions and kept telling me to leave.
I got another article published. Lots of good information on marketing your appraisal services. Makes sure to read it, there is a lot of really good appraisal company marketing advice in the article. Thanks for the support!
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