Is There Money in Owning an Appraisal Management Company?

There is not much for me to add to this column (alternate link HERE) about Appraisal Management Companies by Ken Harney. Let's just say, if, in fact "there's a tremendous amount of value" his industry (AMCs) brings to the table, consumers should be aware of it before being forced to pay.

Should consumers be concerned? Here's what HousingWire had to say about one of the biggest AMC players:

"CoreLogic revenue explodes thanks to growing property valuation business"

"According to CoreLogic, the company’s revenue jumped 30% in the second quarter, rising to $500 million from $386 million in the same time period last year."

Looks like the "value" is in owning and running an AMC.

National Association of REALTORS Appraiser Survey

Back in January of this year, the National Association of REALTORS emailed their REALTOR - Appraiser members. The survey was developed by the National Association of REALTORS Research Department and conducted with the assistance of The Olinger Group. Assistance with wording and development of questions and answers was provided by the NAR Real Property Valuation Committee. 

Survey results were released yesterday. Please take a look at the publication, Appraiser Trends Study, and let us know what you think.

HousingWire has a synopsis of the findings they find interesting. The quote provided by Bill Brown, NAR President, is encouraging. “The work of an appraiser is indispensable to our industry. Appraisers provide the credible, outside opinion on a property value that agents, lenders, and ultimately the consumer depend on to guide them through a transaction.”