An Appraisal Management Company (AMC) is an independent real estate appraisal company hired by a lender to perform valuations on potentially mortgaged properties.

AMCs select state-licensed or state-qualified appraisers to evaluate properties and deliver appraisal reports to lenders.

Customers seeking a mortgage on a prospective property, lenders, and mortgage brokers cannot choose the appraiser.

The U.S. government developed appraiser independence guidelines, restricting the influence lenders have on appraisers.

AMCs maintain a pool of state-licensed or state-qualified appraisers to meet requests from lending institutions. An appraiser is then assigned to provide an appraisal report for the property.

AMC appraisers are not provided with any prior information regarding the property or put in contact with the lending institution. The appraiser’s assessment must meet the Uniform Standards of Professional Appraisal Practice (USPAP) guidelines. If there are any issues, the AMC can legally assist.