Thursday, March 23, 2017

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.