Kentucky is an ideal place for small bank and mortgage lenders to provide home loans and other business loans. Still, you want to be able to build the most competitive loans that attract borrowers while creating great value for you without raising any compliance issues with the federal government. It’s a lot to take on, but there are appraisal management companies (AMCs) in Kentucky that can help.
If you’re looking for the best appraisal management company in Kentucky for your needs, you want one with experience, one that understands the goals of Kentucky borrowers and lenders. That company is SAMCO. We are the Kentucky appraisal management company with the knowledge and passion for managing all your appraisals for agricultural, residential and commercial loans in Kentucky. SAMCO is everything you are looking for in a Kentucky AMC.
State of Lending Markets in Kentucky
In April of 2018, new director of the Division of Nondepository Institutions at the Kentucky Department of Financial Institutions Dorsey Hall stated that “The Division of Nondepository Institution is a growing division with potential for expanding economic opportunities in our state,” when referring to the division responsible for regulating mortgage loan companies, brokers and originators in Kentucky.
This sounds like promising news with regard to future growth for Kentucky lenders, but it is also a stark reminder that state and federal regulators are looking at these loans more closely than ever, and you don’t want a careless mistake with respect to appraisals to get your company in trouble just when profits are starting to spike.
At SAMCO, our job is to make sure that doesn’t happen. We have the knowledge and resources to protect you while helping you get the best possible value out of your loans.
SAMCO for the Value and Protection of Your Loans in Kentucky
It’s hard enough to generate a loan with maximum value with the resources you have available. You need to stay competitive and there’s a lot of ground to cover, especially if you offer not just agricultural, but residential and/or other commercial loans as well. Our company can help you get expert appraisals while helping you avoid compliance entanglements and keeping appraisers far away from your loan officers with a virtually impenetrable firewall.
Contact SAMCO for services like a comprehensive review process that assures your compliance with Uniform Standards of Professional Appraisal Practice (USPAP) regulations is completely on point. This is an affordable and efficient process that can give you great peace of mind.
Build on that with our professional compliance audit. If there’s a government audit lurking and there are concerns to find, we’ll find them first so that you can correct them in plenty of time.
You will probably also want to take advantage of our popular customized appraisal management feature, which includes real-time appraisal data, so your valuations will come with the most up-to-date information on your property markets.
Contact SAMCO Today for Quality Kentucky Appraisal Management Assistance
We know there is a lot of opportunity in Kentucky for savvy banks and mortgage lenders, and we want to help you realize it, for you personally and for the Kentucky economy at large. Let us help by taking all the appraisal and valuation stress out of your hands. We can start right now if you contact us online or give us a call today at 888-832-1129.