Ready for the Compliance Challenge?
We Are.
Achieve Appraisal Independence with AppraiserLoft™
As you may know, The Dodd-Frank Wall Street Reform and Consumer Protections Act* has changed the way appraisers fundamentally work with lenders. AppraiserLoft leads the industry by providing the Appraisal Independence that lenders and appraisers need. In fact, we certify it.
Our Appraisal Panel
The AppraiserLoft panel of over 20,000 licensed or certified appraisers are selected, maintained, and supervised by our experienced real estate appraiser team. We have one of the industry's most rigorous quality control processes that review appraiser performance on several key performance metrics including work quality, licensing and communications. In fact, it's our job to ensure our clients receive the highest quality independent appraisal possible.We Select the Best
AppraiserLoft selects the best appraiser for the subject property. We don't don't steer appraisals based on compensation, but rather based their ability to offer the quickest and most accurate appraisal available. AppraiserLoft certifies that we do not provide the appraiser with any estimates, subject values, target values, loan amounts, or proposed loan-value ratio. It's our job to protect our clients by strictly prohibiting lender/client conversations that would violate Appraiser Independence.Nationwide Coverage
AppraiserLoft is registered in every state that requires AMC registration. We even have registrations pending in all the states that are accepting applications but have not issued registration certification. Our goal as always, will be to meet all requirements to perform appraisals in all 50 states.
AppraiserLoft assists our lender clients by safeguarding their business by clearly maintaining compliance with accepted industry standards for Appraiser Independence. We're confident that our approach to compliance leads the industry that we certify every appraisal.
* For more information about the Dodd-Frank Wall Street Reform and Consumer Protections act and how it applies to the appraisal process visit the U.S. Department of Housing and Urban Development web site (www.hud.gov). Our goal is to provide you with all the information you and your staff will need to successfully understand the appraisal process.
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Speak with one of our Account Managers today at 877.870.LOFT(5638).
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Compliance Agencies |
AppraiserLoft, LLC fully complies and adheres to the following agencies:
- Uniform Standards of Professional Appraisal Practice (USPAP)
- Fannie Mae Home Value Protection Program and Cooperation Agreement
- Freddie Mac Home Value Protection Program and Cooperation Agreement
- US Department of Housing and Urban Development - FHA rules, regulations, and guidelines
- Federal Home Loan Bank System (FHLBS)
- Federal Deposit Insurance Corporation (FDIC)
- Real Estate Settlement Procedures Act (RESPA)
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Why use AppraiserLoft for my Real Estate Appraisals? |
| AppraiserLoft is a nationwide real estate appraisal management company providing valuation services targeted towards the mortgage lending, servicing, and insurance industries. AppraiserLoft sets itself apart from all other national firms with its communications technology and software platform which allows for the fastest placement and completion of real estate appraisals in the nation. Try AppraiserLoft and have immediate access to the fastest, most reliable, residential real estate appraisal services available. |
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Nationwide Coverage! Yes, we cover all 50 states. | Fast turnaround, usually 48-72 hours (most areas)! |
Guaranteed Quality! | Sales Comparables completed same day. |
FHA Licensed in all 50 States. | Staff available 7 days a week. |
Secure 24/7 on-line system to order, track, and receive your appraisals. | Status emails and daily summary reports sent to keep you well informed. |
Payment for COD orders accepted by cashier's check, money order or credit card. | |
What is an appraisal management company?
An appraisal management company (AMC) is a business entity that administers a network of certified and licensed appraisers to fulfill real estate appraisal assignments on behalf of mortgage lending institutions, as well as other entities. The AMC recruits, qualifies, verifies licensing, and negotiates fees and service level expectations with a network of third-party appraisers. It also provides administrative duties like order entry and assignment, tracking and status updates, pre-delivery quality control, and preliminary and hard copy report delivery. Furthermore, it involves ongoing quality control, accounts payable and receivable, market value dispute resolution, warranty administration, and record retention.
An appraisal management company, therefore, is an outsourcing solution that is usually paid by a lender-client to act on the lender/client's behalf to engage real estate appraisers and to perform the administrative functions involved in the appraisal ordering, tracking, and delivery process.
In its essence, appraisal management is the act of managing a panel of fee appraisers and performing the administrative elements needed to process and fulfill individual appraisal assignments. Order in, order through, order out.
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Appraisal Management for Appraisers
AppraiserLoft has been designed from the ground up to eliminate the confusion and hassle most appraisal management companies saddle appraisers with.
AppraiserLoft uses a state of the art user interface that provides the loan officer with automatic status updates at every stage of the process. Throughout the process the loan officer can see the current status and the anticipated completion date of their order. The loan officer is immediately made aware of any issues that may arise -- whether they be scheduling, condition, or value issues. AppraiserLoft offers the loan officer possible solutions aimed at resolving any of the inevitable difficulties that arise during the appraisal process - typically without any need for the appraiser to become involved. The AppraiserLoft system eliminates the need for the appraiser to respond to those frequent telephone calls from anxious clients looking for status updates, or assurance that the subject property will "make value".
More information
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