Appraisal Management Company
The oldest Appraisal Management Company or AMC is known to have been established almost 30 years back when Lenders Service opened up near Pittsburgh, PA. Since then many appraisal management companies have come up but not every one of them is up to the mark. Many have closed down and many failed to provide quality service to the appraisers. Collateral Management has been known to be one of the best Appraisal Management Company that is operating in the market today.
Collateral Management is a countrywide real estate appraisal management company. Just like any other Appraisal Management Company list (AMC), it is an organizational entity that acts as an external third party between lenders and appraisers. They manage a network of appraisers by providing valuation services to them for a fee. They have well-trained, knowledgeable and professional sales staff who are available 7 days a week and are dedicated to understand every client’s needs very well. They also have an impressive customer service who lend an ear to each and every query or problem of the client to provide maximum work satisfaction. They have over 20,000 certified appraisers spread throughout 50 states in the country. They have a fast turn-around time of around 24-72 hours and they send daily summary reports to provide information about its status.
Functions of Appraisal Management Company
The main function of an Appraisal Management Company is to remove the administrative process of appraisal management from the control of a lender. They recruit appraisers and contracts with them for appraisals by verifying their license and negotiating the fees. They then manage the appraisal process, review their work and then pay them for the services that they provided. If the appraiser’s report is used for lending purposes, the regulations prevent the real estate agents from selecting or paying the appraiser. They also perform administrative duties like keeping entry of orders and assignments, providing regular updates on tracking and its status.
Collateral Management is the choice of everyone for various reasons. They provide services in all 50 states of the country, and offers both appraisals and review products to fit every person’s needs by consulting them and understanding their requirement. A review conducted by a company on best appraisal management companies says that collateral management has maximum appraiser satisfaction rate as compared to other ones. Both their appraisers and clients are satisfied by the services offered to them, and that’s because they value their customers and have competitive rates for the services that they offer. They also have an excellent reputation throughout the AMC industry and that’s why no one has ever lodged a complaint against them so far. Collateral Management is surely the #1 Appraisal Management Company because they have proved their worth with their results, impressive customer service and their affordability.