subject: What A List Of Appraisal Management Companies Can Do For You [print this page] Using a list of appraisal management companies has now become the standard for all appraisers. Unless you happen to get a lot of estate work through attorneys, CPAs and private banks, you will have to work with these appraisal management companies.
There are many benefits to working for these companies.
1.A list of appraisal management companies will bring you a lot of work. Although it does take time to sign up with each company, it is well worth the effort. Some appraisal management companies will send you work right away, while you may have to make a couple of phone calls to others to jumpstart the flow of work.
2.Despite the fights to stop so many regulations, the appraisal marketplace will only continue to become more regulated. While you may get some independent work, eventually all appraisal work will be regulated and working with a list of appraisal management companies will be your only option if you want to continue to appraise.
3.Due to a huge decrease in appraisers, there is more work for fewer appraisers. Fewer appraisers are stepping into the business due to harsher rules in the application process and many appraisers are closing their doors due to lack of work. A list of appraisal management companies will put you in the forefront of a workload that is keeping plenty of other appraisers hopping with work.
4.As of the beginning of 2010, FHA has instituted most of the same rules as the HVCC and only orders their appraisals through a list of appraisal management companies. If you plan on getting any FHA work, you need to sign up with the appropriate management companies. Especially, during this economic climate, there is a lot of work pouring out from FHA loans.
5.Many appraisal management firms have changed their policies to offer better pay splits and more reasonable turn times. They no longer take half your fee and expect the report within 24 hours.
6.Large banks and lending institutions will not stop using the appraisal management companies that they own, even if the rulings changed. The management companies are here to stay, while the banks and lenders rake in the extra fees.
You can do lots of research and find your own list of appraisal management companies and their contact information, or you can purchase a list that has done all the work for you. Do not get caught into the purchasing frenzy and buy what you do not need. All you need is a basic inexpensive list of all the companies and their contact information. Companies that try to sell you extras or membership sites are just looking for more money. Try to find a list of appraisal management companies that has been recently updated and has about 250 or more companies listed; this will give you a broad base from which to choose.
Again, using a list of management companies is almost mandatory in todays real estate market. Do not get left behind with little or no work to sustain you. Get started promoting your business and you will reap the benefits for years to come.
