AMC - Appraisal Management Company

The definition of mortgage term: Appraisal Management Company

An Appraisal Management Company (AMC) works with a pool of independent appraisers to facilitate appraisals in the mortgage industry. It is important to use an AMC in mortgage lending because it sets the appraiser away from the lender, broker and borrower. AMC organizations work using USPAP (Uniform Standards of Professional Appraisals Practices) guidelines so that appraisals are honest and true.

 

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