New York Times Article On Discussing The Quality Of Home Appraisals Ordered Through AMCs (Appraisal Management Companies)

http://www.realestateappraisertips.info/ – New York Times Article On Discussing The Quality Of Home Appraisals Ordered Through AMCs (Appraisal Management Companies)

Here’s the Link to “Appraising The Appraiser“

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Here’s A Short Snippet:

“Appraisers who work on behalf of these companies typically receive less pay than those who do not. Some appraisers say the lower fees mean consumers are less likely to get a high-quality appraisal, which could jeopardize their loans.

It is a claim with which banks strenuously disagree. “Obviously, it’s in a lender’s best interest to have the most accurate appraisal possible,” said Terry Francisco, a spokesman for Bank of America, “and it’s in the homeowner’s best interest, too.””

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Tagged as: AMCs, Appraisal Management Companies