7th January 2019

Warning: Coester VMS orders

The Maryland law firm of Shapiro Sher Guinot & Sandler PA sent a letter November 14th to the appraiser clients of one of the nation’s largest appraisal management companies, CoesterVMS.

This letter marked the beginning of tough times ahead for owner Brian Coester.

In it were claims that the law firm represented FVC Bank, according to a nearly illegible copy of the letter that has since made the rounds in the appraiser blogsphere. The letter states that FVC Bank is shutting down a $700,000 line of credit to CoesterVMS, which would seemingly indicate financial troubles for the AMC.

Responding via text, Coester said, “We are not out of business,” and that he was in the process of getting “what the bank did corrected.”

Coester later told HousingWire that FVC Bank recently took overColombo Bank‘s assets, which held hundreds of thousands of Coester’s money in an account, and wanted the line of credit moved. Coester said they were in the process of finding an new home for the AMCs’ financials when FVC suddenly pulled the plug.

“In the middle of the night, they closed the line. It caused a huge disaster, but now we got all the money back,” Coester told HousingWire Tuesday. Coester said they are reissuing checks to appraisers and said the bank contacting his clients was “a disaster.” As a result, CoesterVMS business was cut by two-thirds, but Coester added: “The blizzard and holiday didn’t help, but we’re getting back to normal.”  

…continue reading the rest of this post: Warning: Coester VMS orders

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3rd January 2019

How to save time when applying to AMCs

Time Saving Tips for Applying to AMCs

Not every appraiser works with AMCs and not every appraiser who works with AMCs does so efficiently and profitably. Do you hate wasting time signing up to AMCs that never send you work? Following this process will help you avoid signing up to a list of companies that currently are not registered in your state and most likely won’t have work in your area in the near future.

I have recently started using a new method when applying to new appraisal management companies (AMCs). This is how you can avoid the hassle of signing up to hundreds of AMCs that do not have work in your area.

…continue reading the rest of this post: How to save time when applying to AMCs

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17th December 2018

JUST PUBLISHED – 2019 AMC DIRECTORY

UPDATED: JANUARY 01, 2019

2019 Appraisal Management Company Directory
Fully Updated for 2019

    • Now With over 200 AMCs Listed
    • TOP 46 on the list send me 90% of all appraisal orders
    • TOP 10 on the list are my BEST clients
    • Money Back Guarantee

Published by a full time Real Estate Appraiser

Do you want more appraisal orders? Are you looking to recession proof your appraisal business by getting more Estate and FHA appraisal requests? Have you signed up to appraisal management companies and are still not getting any offers from the AMCs? Do you need a GOOD list with all the bad guys removed?

Don’t Hesitate! If you have any questions please contact me any time during the day! email me at bryan@appraiserincome.com and I will get back to you immediately!!!

…continue reading the rest of this post: JUST PUBLISHED – 2019 AMC DIRECTORY

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10th February 2018

Want new clients for 2018?

Get the new 2018 AMC Directory!

 

Chapters Include:
– Maximize orders with Appraisal Management Companies
– The AMC Application Process
– Links to online applications and emails
– List of Common Errors to Avoid
– Vendor Specific AMC Requirements
– Ordered by which companies that SEND ORDERS!
Bonus Chapters Included:
– Recession Proof Your Appraisal Business for the future
– Appraisal Company Marketing and how to maximize income
– Top Revenue Generating Techniques for 2016
– Maximizing Internet Orders through a top ranking website
– FHA Checklist and common errors to avoid

90% of my work come from the first 37 on my list!– Get Started Today!

appraisal management companies

posted in Appraisal Management Companies | Comments Off on Want new clients for 2018?

18th January 2018

Get the updated 2018 AMC Directory Today

UPDATED: JANUARY 02, 2017

I wanted to let everyone know the new 2018 AMC Directory is Available NOW

    • Now With over 200 AMCs Listed
    • TOP 37 on the list send me 90% of all appraisal orders
    • TOP 10 on the list are my BEST clients
    • Money Back Guarantee

 

Published by a full time Real Estate Appraiser

This is the only list that has DIRECT links to the sign up pages.  You can’t get this type of information on any state website.  Website information, contact email addresses and phone numbers are all provided.

2018 APPRAISAL MANAGEMENT COMPANY DIRECTORY

200+ VERIFIED Appraisal Management Companies Listed!

This book lays out all the details on how to get signed up with the appraisal management companies and information on creating top ranking websites. Order the book today and you will receive a free search engine optimized website built by internet marketing specialists. All the details are in the AMC Directory.

APPRAISAL MANAGEMENT COMPANIES BLOW – BUT YOU CAN DO WELL USING THEM

 

Chapters Include:
– Maximize orders with Appraisal Management Companies
– The AMC Application Process
– Links to online applications and emails
– List of Common Errors to Avoid
– Vendor Specific AMC Requirements
– Ordered by which companies that SEND ORDERS!
Bonus Chapters Included:
– Recession Proof Your Appraisal Business for the future
– Appraisal Company Marketing and how to maximize income
– Top Revenue Generating Techniques for 2016
– Maximizing Internet Orders through a top ranking website
– FHA Checklist and common errors to avoid

90% of my work come from the first 37 on my list!Get Started Today!

appraisal management companies

Online AMC Directory Available through a membership with the
Private Appraisers Club – http://www.appraisersclub.com

posted in Appraisal Management Companies | Comments Off on Get the updated 2018 AMC Directory Today

8th January 2018

2018 Appraisal Management Company Directory Now Available

UPDATED: JANUARY 02, 2017

I wanted to let everyone know the new 2018 AMC Directory is Available NOW

    • Now With over 200 AMCs Listed
    • TOP 37 on the list send me 90% of all appraisal orders
    • TOP 10 on the list are my BEST clients
    • Money Back Guarantee

 

Published by a full time Real Estate Appraiser

This is the only list that has DIRECT links to the sign up pages.  You can’t get this type of information on any state website.  Website information, contact email addresses and phone numbers are all provided.

2018 APPRAISAL MANAGEMENT COMPANY DIRECTORY

200+ VERIFIED Appraisal Management Companies Listed!

This book lays out all the details on how to get signed up with the appraisal management companies and information on creating top ranking websites. Order the book today and you will receive a free search engine optimized website built by internet marketing specialists. All the details are in the AMC Directory.

APPRAISAL MANAGEMENT COMPANIES BLOW – BUT YOU CAN DO WELL USING THEM

 

Chapters Include:
– Maximize orders with Appraisal Management Companies
– The AMC Application Process
– Links to online applications and emails
– List of Common Errors to Avoid
– Vendor Specific AMC Requirements
– Ordered by which companies that SEND ORDERS!
Bonus Chapters Included:
– Recession Proof Your Appraisal Business for the future
– Appraisal Company Marketing and how to maximize income
– Top Revenue Generating Techniques for 2016
– Maximizing Internet Orders through a top ranking website
– FHA Checklist and common errors to avoid

90% of my work come from the first 37 on my list!Get Started Today!

appraisal management companies

Online AMC Directory Available through a membership with the
Private Appraisers Club – http://www.appraisersclub.com

posted in Appraisal Management Companies | Comments Off on 2018 Appraisal Management Company Directory Now Available

21st July 2017

Louisiana asks FTC to pause regulatory action while state repeals controversial appraisal laws

The state of Louisiana may have taken action to directly respond to the Federal Trade Commission’s claim that the regulatory body that oversees property appraisals in the state stifled price competition by requiring appraisal management companies to follow the state’s established polices for the fees that AMCs pay to appraisers, but that doesn’t mean that the FTC is ready to drop the case entirely.

Recently, Louisiana Gov. John Bel Edwards issued an executive order that will lead to the law that dictated how AMCs pay appraisers being repealed.

That was followed shortly by the Louisiana Real Estate Appraisers Boardissuing a resolution stating that it planned to repeal the controversial law and develop a new method to ensure that AMCs pay appraisers “reasonable and customary” fees, as they are required to do under the Dodd-Frank Wall Street Reform and Consumer Protection Act. …continue reading the rest of this post: Louisiana asks FTC to pause regulatory action while state repeals controversial appraisal laws

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18th July 2016

Minnesota, Louisiana and Illinois See Action on AMC Legislation

Minnesota, Louisiana and Illinois all took action in late May on legislation concerning appraisal management companies, the Appraisal Institute reported June 8. The governors in two states signed AMC legislation into law while a third governor is reviewing the legislation proposed in his state.

Minnesota Gov. Mark Dayton on May 23 signed into law SF 2665, legislation that makes several changes to the state’s existing appraiser licensing and appraisal management company registration law, which originally was enacted in 2010.

The new law changes definitions to clarify that entities utilizing employee appraisers to complete appraisal assignments are not AMCs. The law also clarifies that entities with more than 15 independent contractor appraisers in Minnesota or more than 25 contractor appraisers in two or more states are AMCs and therefore subject to the state’s AMC registration and oversight law.

The new law also will require AMCs operating in Minnesota to compensate appraisers at a rate that is reasonable and customary or otherwise face disciplinary action by the state’s Department of Commerce. The legislation outlines how AMCs can satisfy the payment requirements. AMCs also will be required to pay appraisers within 30 days from the date that the appraiser provided their report to the AMC or 30 days from the date the AMC transmitted the report to their client, whichever comes first.

Additionally, the Minnesota law eliminates a provision in the state’s appraiser licensing and certification law that had permitted the Minnesota Department of Commerce to charge appraisers the costs of an investigation even if the investigation found no violations on the part of the appraiser.

In Louisiana, Gov. John Bel Edwards on May 26 signed into law HB 804, legislation that clarifies that AMCs are required to compensate appraisers in accordance with the reasonable and customary fee provisions contained in federal law. The law also gives the Louisiana Real Estate Appraisal Board the authority to collect from AMCs the required National Registry Fees.

The Illinois General Assembly on May 31 completed action on HB 3333, a bill that would create an Appraisal Management Recovery Fund to be used in lieu of the existing surety bond. This Fund will be used to provide restitution to Illinois state-credentialed appraisers when they have not been paid by a failed AMC but have obtained a final judgment from a court. The fund will be subsidized by a fee (up to $500) that each AMC operating in Illinois has to pay until such time as the fund reaches $500,000. Once that amount is reached, the fee will no longer be imposed unless claims are paid.

HB 3333 currently awaits consideration by Illinois Gov. Bruce Rauner.

Review Minnesota SF 2665.

Review Louisiana HB 804.

Review Illinois HB 3333.

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16th March 2016

Been to busy to announce new 2016 AMC Directory Available!

UPDATED: JANUARY 02, 2016

CLICK HERE TO VISIT THE BLOG
AT APPRAISERINCOME.COM

2016 Appraisal Management Company Directory
Fully Updated for 2016

    • Now With over 200 AMCs Listed
    • TOP 41 on the list send me 90% of all appraisal orders
    • TOP 10 on the list are my BEST clients
    • Money Back Guarantee

Published by a full time Real Estate Appraiser

Do you want more appraisal orders? Are you looking to recession proof your appraisal business by getting more Estate and FHA appraisal requests? Have you signed up to appraisal management companies and are still not getting any offers from the AMCs? Do you need a GOOD list with all the bad guys removed?

Don’t Hesitate! If you have any questions please contact me any time during the day! email me at bryan@appraiserincome.com and I will get back to you immediately!!!

2016 APPRAISAL MANAGEMENT COMPANY DIRECTORY

200+ VERIFIED Appraisal Management Companies Listed!

Honestly, most of us hate working for the appraisal management companies but want to stay in business… But are you doing AMC orders full time? Are you making $8,000 – $12,000 per month?

On average I make over $12,000 a month doing Estate Appraisals ordered off my top ranking website and completing orders for appraisal management companies. I update the list frequently and now I can easily say more than 90% of my AMC work comes from the top 41 vendors. They also offer the most competitive rates and turn around times.

This book lays out all the details on how to get signed up with the appraisal management companies and information on creating top ranking websites. Order the book today and you will receive a free search engine optimized website built by internet marketing specialists. All the details are in the AMC Directory.

APPRAISAL MANAGEMENT COMPANIES BLOW – BUT YOU CAN DO WELL USING THEM

Chapters Include:
– Maximize orders with Appraisal Management Companies
– The AMC Application Process
– Links to online applications and emails
– List of Common Errors to Avoid
– Vendor Specific AMC Requirements
– Ordered by which companies that SEND ORDERS!
Bonus Chapters Included:
– Recession Proof Your Appraisal Business for the future
– Appraisal Company Marketing and how to maximize income
– Top Revenue Generating Techniques for 2016
– Maximizing Internet Orders through a top ranking website
– FHA Checklist and common errors to avoid

90% of my work come from the first 41 on my list!Get Started Today!

appraisal management companies

Online AMC Directory Available through a membership with the
Private Appraisers Club – http://www.appraisersclub.com

posted in Appraisal Management Companies | Comments Off on Been to busy to announce new 2016 AMC Directory Available!

5th January 2016

CoreLogic snaps up FNC for $475 million

CoreLogicCoreLogic, a property information, analytics and data-enabled services provider, announced Thursday that it plans to acquire FNC, Inc., a provider of real estate collateral information technology and solutions that automate property appraisal ordering, tracking, documentation and review for lender compliance with government regulations.

The acquisition will mark CoreLogic’s second substantial acquisition in the field of property valuation in 2015. Earlier this year, CoreLogic purchased LandSafe Appraisal Services, an appraisal management company, from Bank of America for $122 million.The purchase price for FNC is far beyond the price for LandSafe.

According to an announcement from CoreLogic, the company will acquire FNC for $475 million.

In its announcement, CoreLogic said that FNC “delivers deep expertise in appraisal compliance, workflow best practices, and process efficiency to mortgage lenders and servicers, appraisal management companies, secondary and capital markets firms as well as property and casualty insurance companies.”

Additionally, FNC’s platforms are included in the workflow systems of 18 of the 20 largest U.S. banks, CoreLogic said.

According to CoreLogic, FNC platforms provide “broad connectivity” to approximately 80,000 appraisal, title and inspection vendors, and FNC’s solutions allow industry participants to automate the collateral valuation and diligence process, monitor and optimize vendor performance and facilitate compliance with regulatory and internal risk management policies.

In a statement, Anand Nallathambi, CoreLogic’s president and chief executive officer, said that along with the acquisition of LandSafe, the deal for FNC signals that the company views property valuation as a “significant” area of growth in the future.

“We are very pleased to add the FNC management and staff to the CoreLogic family,” Nallathambi said.

“FNC is a pioneer in developing unique collateral information and technology platforms for the U.S. lending ecosystem,” Nallathambi continued. “Its business has been built around recurring, high-margin revenue streams.  The acquisition of FNC is an important step in our development of a world-class property valuation solutions capability.”

In its announcement, CoreLogic said that acquisition of FNC will help the company create a “scaled, integrated property valuation solution provider” that can provide a “broad suite” of fulfillment, platform, data and analytics capabilities and assets.

“FNC’s platforms, together with our existing valuation-related assets and our recent acquisition of LandSafe Appraisal Services, allow us to gain operational scale and expand the value proposition of our Valuations Solutions Group,” Nallathambi said. “We expect property valuation to be an area of significant future domestic and international growth.”

According to CoreLogic, the transaction is expected to close during the first quarter of 2016.

Additionally, CoreLogic said the transaction is expected to be accretive to its 2016 financial results excluding one-time reductions from transaction-related fees and transitional accounting items.

CoreLogic said that the deal will be funded using cash on hand and debt.

Once the deal is closed, FNC’s operations will be consolidated within the CoreLogic’s Valuations Solutions Group, CoreLogic said.

“CoreLogic’s VSG will be the conduit through which we will seamlessly deploy our broad suite of property valuation capabilities,” CoreLogic Chief Operating and Financial Officer Frank Martell said.

“The VSG will offer best-in-class content, analytics and workflow platforms which employ our Gen2 technology and mobility capabilities,” Martell said. “Improving the quality and economics of property valuation is a major imperative for the real estate industry. Through the VSG, CoreLogic will be well positioned to bring comprehensive and compelling solutions to the marketplace.”

repost from: http://www.housingwire.com/articles/35854-corelogic-snaps-up-fnc-for-475-million

 

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