There is no shortage of entities in Virginia looking for loans. Whether you have clients looking to expand agriculturally, start a business in Virginia or own a Virginia home, you may well have your hands full trying to generate the right loans for all of them.
But no matter how big or small your bank or mortgage lending institution is, you will have to deal with an issue that is often a stumbling block for lenders: appraisals. Due to government regulations, finding the right appraisers and getting the valuations you need can be harder than ever. Fortunately, there are appraisal management companies in Virginia whose job is to help.
The best appraisal management company (AMC) in Virginia will take the time to learn your specific needs and concerns with respect to appraisals and will have the hands-on experience and resources to help you meet them. For this reason, we urge you to choose SAMCO as your Virginia AMC.
State of Lending Markets in Virginia
Why are appraisals such a headache? Because lending regulations, already quite strong in Virginia, have been made even more rigorous in the wake of the 2008 mortgage crisis and the 2010 Dodd-Frank Act. This has not made lending markets in Virginia any less robust, but it has made the resources of a good Virginia appraisal management company even more important.
SAMCO for Protection and Value in Virginia Lending
Why is having an appraisal management company in Virginia so vital? For one, to create a firewall between your loan officers and your appraisers. Current regulations make this an absolute priority, meaning if you are found to be in violation of it, the penalties could be catastrophic. If you have an internal appraisal management team, this is always a risk.
Furthermore, an internal appraisal management team can be a serious drain on your resources. Why invest all of that time, money and effort when you don’t have to? SAMCO can provide you with a full array of appraisal management services to optimize your valuations and keep you safe from regulatory entanglements, services including:
- Your own unique appraisal management system. We will customize your appraisal management to the needs of your company, based on your size, your goals and the kinds of loans you offer. We use real-time data to get you the best results possible.
- Comprehensive review. If you’re never quite sure whether or not you will be found to be in full compliance with Uniform Standards of Professional Appraisal Practice (USPAP) requirements, this is for you.
- Compliance audit. You’ll never have to fear a compliance audit after we perform one in a safe environment, allowing you to identify any red flags and correct any mistakes.
Contact SAMCO for Affordable, Quality Appraisal management in Virginia Right Now
SAMCO is the perfect appraisal management company to rid you of the stresses and concerns of dealing with appraisals. We have a great network of appraisers and a team with years of hands-on experience in appraisal management. We also have a highly-responsive customer service department ready to take your call whenever you have any questions or concerns. To find out more, please give us a call today at 888-832-1129 or send us a message online now.