NEW APPRAISERS
Welcome! We appreciate your interest in becoming a member of the Collateral Management Panel of Appraisers. Please review the following information for details on our expectations for preparation, guidelines for the delivery of appraisal reports and the additional information needed to become an approved appraisal provider among the esteemed Collateral Management Panel of Appraisers. Collateral Management makes the appraisal process quick and efficient.
Appraisal orders will be assigned via email address and based on your member profile coverage areas and good standing within our performance rating system. You may accept or decline appraisal orders as your schedule allows, but we will continually expect a high standard of quality and timely work. Our user friendly top appraisal management company website gives appraisers and clients the ability to order new appraisals and monitor the status of those pending. To properly manage timelines we ask that our panel members establish a free flow of communication with our customer service department. In order to become a Collateral Management Independent Fee Appraiser or a Preferred Appraiser, you must first follow the instuctions below.
To become an approved appraiser with our AMC you will need to follow these Required Steps:
STEP 1
CLICK HERE to Sign up and Register as a New Appraiser. We will need to have individual profiles setup for each appraiser if you have more than one appraiser in your company.
STEP 2
Once you have completed and uploaded all of the appropriate information to our appraisal management company website, the Collateral Management quality control department will review all of your documentation before orders are assigned. Collateral Management prides itself on the speed and quality of our services, and we are prepared to compensate for our panel member’s commitment to this high standard of work. Thank you again for your interest in Collateral Management. We look forward to establishing a valuable partnership with you in the near future. Click below to SIGNUP TODAY!
As a top appraisal management company, Collateral Management strives for the prompt payment of appraisers once all work is completed and delivered. Collateral Management will be responsible for all payments rendered and our payment schedule can be found here.
Because of the complex nature of properties needing valuation, Collateral will use Fee indexing as the most efficient, manageable and equitable method of establishing competitive market fees schedule in your coverage area. Checks are sent out every Friday within 30 days of service.
Communication between Collateral Management and its Panel of Appraisers is a vital component to providing quality appraisal management. If complications arise regarding scheduling and/or deadlines, Collateral Management is to be notified immediately so we may communicate proper timelines to our clients
Please be aware, Collateral Management issues appraisal orders according to an appraiser performance rating system. Delinquent communication will reflect negatively on your performance rating, and may affect your role as a Panel member.
The fee being paid by our office, along with the expected delivery deadline, will be stated on each appraisal order. Please review the appraisal order thoroughly, as both the details of the property you are being asked to appraise and our client’s requirements will be outlined. Appraisal orders are assigned based on geographic proximity of the panel member’s office or the requested coverage areas in which the panel member has competent experience as it relates to the subject market area. Accepting the appraisal order means you have accepted the fee and requirements outlined in the order. If at any time you have questions regarding your fee or cannot comply with the order requirements, please contact the Collateral Management office immediately so we may act accordingly.
Collateral Management asks that its panel members schedule an inspection appointment and communicate its status within 24 hours of accepting an order. This communication is important because it serves as the confirmation of order acceptance. This also allows Collateral Management to communicate the status of the appraisal request to our clients, which is integral in adhering to our high standard of appraisal management.
Completion and delivery of appraisal orders are expected to be both timely and accurate. The preferred turn time for accepted appraisal orders is three to five business days. If, at any time, circumstances do not allow you to meet the preferred turn time, please contact your Collateral Management representative immediately.
At no time does Collateral Management want our Panel of Appraisers to sacrifice the quality of their work in order to meet a previously agreed upon deadline. We understand turn times are often contingent on the complexity of the appraisal ordered. Collateral Management will always take into consideration your prompt communication of any possible delays and the requirements of the appraisal order when evaluating your performance rating.
Get the latest information regarding USPAP 2020-2021 and stay informed on appraisal regulations and appraiser rules to avoid costly mistakes. Find out more about USPAP courses and the USPAP Book today.
The Financial Institutions Reform, Recovery and Enforcement Act of 1989 recognizes the Uniform Standards of Professional Appraisal Practice or USPAP as the generally accepted appraisal standards and requires USPAP compliance for appraisers in federally related transactions.