Nationwide Valuations and Appraisal Management
We provide appraisal management services to lenders, investment firms, community banks, servicers, and anyone who needs a real estate valuation. An appraisal order is a real estate valuation report on the current value of a property. Clients use an appraisal management company (AMC), like PCV Murcor, to manage the appraisal process, reduce operating costs, and ensure compliance with federal and state regulations.
AMCs are independent entities that have existed for decades to help obtain unbiased reports for financing and loan servicing. However, not until the housing market crash in 2008 were federally regulated lending institutions legally required to have a layer of oversight as part of the mortgage process.
PCV Murcor acts as a “firewall” between parties that have a financial interest in the transaction and appraisers. When PCV receives an appraisal request from a client, we assign the property order to an independent appraiser from our qualified nationwide panel.
Once the appraisal report is submitted to PCV, it goes through a series of quality control measures to ensure the report is compliant with federal and state regulations, investor guidelines, and the Uniform Standards of Appraisal Practice (USPAP).
To learn more about what an appraisal management company does and the appraisal process, visit our FAQs and Home Appraisal Tips pages.