Skip to main content

Report finds the average AMC has 15-plus years of experience

Mar 11, 2010

On average, an appraiser working with major appraisal management companies (AMC) has more than 15 years of experience appraising residential properties, according to a new survey conducted by the Title/Appraisal Vendor Management Association (TAVMA). In addition, the survey showed that the vast majority of appraisers used by TAVMA members are "certified" appraisers, a designation that requires more experience and an additional level of testing above the state-licensed level. According to the survey of TAVMA members, 87 percent of appraisers used by TAVMA members are certified appraisers. According to the Federal Financial Institutions Examination Council (FFIEC) registry, 83 percent of appraisers have a certified registration. The certified designation is a higher level of appraisal licensing than state licensing. Although each state has its own rules, many require additional experience and testing-levels to reach the certified level. States also demand that appraisers successfully complete continuing education classes each year to maintain their licenses. Certification Levels *AMC Appraisers **FFIEC Registry Certified Appraisers 87% 83% State Licensed 13% 17% Source: * TAVMA AMC Member Survey **Federal Financial Institutions Examination Council   "Our members, the nation's largest appraisal management companies, monitor their roster of appraisers to ensure that they are properly certified and experienced for a specific assignment," explained Jeff Schurman, executive director of TAVMA. "We surveyed our members to answer the allegations that brokers and realtors have been making in the media, regarding the experience levels of AMC appraisers. Our member survey clearly shows that not only are AMC appraisers experienced, the vast majority hold the higher, certified-level, appraisal credential." AMCs currently provide approximately two-thirds of all residential appraisals used in the mortgage industry, and TAVMA's 45 AMC members together account for more than 80 percent of this volume. Although some AMCs employ in-house appraisers, most assign orders to local independent appraisers. "TAVMA members continually review their roster of appraisers to make sure that all certifications and licenses are up to date," said Schurman. "This is just one element that AMCs look at before assigning an appraiser. They also look for an appraiser who has experience within an appropriate geographic area, usually not more than a 13-mile radius, and with the property type in question." For more information, visit 
About the author
Mar 11, 2010
Condo Prices, Sales Falling In Florida

New regulations and rising insurance costs hold back buyers in six major metros.

Feb 26, 2024
Buyer Beware

Unpriced climate risk the housing market’s bubble in the bloodstream.

Feb 26, 2024
Rocket Companies Reports Decline in Fourth Quarter Revenue, Projects Optimism for Future Growth

Despite revenue dip, mortgage giant sees increase in market share and advances in AI technology.

Feb 22, 2024
Broker Action Coalition Unveils Inaugural Board Of Directors

Newly formed nonprofit organization BAC announces industry professionals to guide its mission of legislative change and educational initiatives in the mortgage industry.

Feb 21, 2024
GSEs Report Strong Earnings

Robust performance marks growth for both Fannie Mae and Freddie Mac, despite a dip in home purchases.

Feb 15, 2024
Friendly Competition Joins Forces

The merger aims to enhance local fulfillment and sales support, marking Guild’s sixth acquisition since 2021 and expanding its licensed originators to over 2,100 amidst a challenging market.

Feb 14, 2024