SAMCO uses your current appraiser list!
When a community bank or credit union and SAMCO Appraisal Management Company agree to work together, one of the first jobs we have is completing SAMCO Appraisal Management Company's approval process for all of the lenders current approved appraisers. These board approved appraisers are then added to SAMCO Appraisal Management Company's approved appraiser list. Not only that, but those appraisers will be utilized for that client lenders personal rotation so the "feet on the ground" in your CRA assessment area do not change. We understand that your local board has the responsibility of approving the vendors that are privileged to work with them. Because we do understand the local board's responsibilities,
SAMCO provides annually for board approval:
E & O
Investigation and Violation Check
Fannie Mae AQM list
ASC National Registry
State Sex Offender Registry (SAMCO requirement only)
Appraisers WANT to work for SAMCO!
Many appraisers have negative feelings toward appraisal management companies for several reasons. The major reason is not being paid a full fee or not being paid in a timely fashion. SAMCO Appraisal Management Company has eliminated this issue. Our appraisers are paid a full fee every time within two weeks of appraisal completion. Oversight is another reason that there could be resentment towards an appraisal management company by an appraiser. If an appraiser is not accustomed to a critical review of the appraisal, having it returned for a correction, revision, or further explanation is not understood by all appraisers. Because SAMCO Appraisal Management Company has licensed appraisers conducting the audit process, they understand what challenges the individual appraisers are facing and work with them. On a following page are testimonials from SAMCO Appraisal Management Company approved appraisers. Call them up! They are SAMCO Appraisal Management Company's best advertising.