Home >> Tag Archives: Appraisal Management Companies

Tag Archives: Appraisal Management Companies

Altisource Welcomes New VP, Head of Valuations

Altisource Portfolio Solutions, a service provider for the real estate and mortgage industries, announced Thursday the addition of a new VP to grow the company’s valuations business and an expansion of its sales team. Phil Huff joined Altisource as VP and Head of Valuations as well as President and CEO of Springhouse, a full-service appraisal management company owned by Altisource. Springhouse is an indirect subsidiary of Altisource Portfolio Solutions. “Phil brings a deep expertise in technology, sales, marketing and business development strategy and an extensive real estate industry network,” said Joseph A. Davila, President of Servicer Solutions at Altisource. “His proven expertise and seasoned network will be a big factor to the success of our Valuation Services business.”

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Citadel Servicing Begins Using USRES Valuation Services

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U.S. Real Estate Services (USRES), a nationwide appraisal management company (AMC) headquartered in Lake Forest, California, has announced that Citadel Servicing Corporation (CSC) is using its origination broker price opinion (BPO) services, according to an announcement from USRES.

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Appraisal Logistics Earns ISO Certification

Appraisal Logistics, a Maryland-based provider of compliant appraisal management solutions for the mortgage industry, announced it has received the ISO 9001:2008 Certification for Quality Management Systems Standards by LQRA, passing a formal evaluation created to examine quality management standards in the financial services industry.

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AGA Files Statement With the House Finance Subcommittee

The American Guild of Appraisers has officially filed a statement with Congressional legislators as part of a recent hearing titled, Appraisal Oversight: The Regulatory Impact on Consumers and Businesses. Conducted by the Insurance, Housing, and Community Opportunity Committee of the House Finance Sub-Committee, the AGA was asked to submit a statement of record to assist the lawmakers as they proposals directed at improving appraisal regulation, enforcement, and oversight. AGA said that it is also working with consumer organizations to ensure that consumers receive professional appraisals.

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Lawmakers Call Appraisal Management Firms Into Question

At a House of Representatives hearing titled Appraisal Oversight: The Regulatory Impact on Consumers and Business Thursday, lawmakers reviewed testimony on recent and impending changes in the appraisal industry. One of issue of focus during the hearing was the rise of appraisal management companies and their validity and necessity in the market. According to a recent report by the Government Accountability Office, AMCs have grown from 15 percent market share to between 60 and 80 percent market share.

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