Comergence has announced that it is now providing appraiser due diligence and screening services for eAMC, an appraisal management company based in Troy, Mich. Comergence offers a full suite of hands-on and automated services for screening and compliance monitoring. Comergence will provide its proprietary REALM for Appraisers services to the appraisers who work for eAMC. With REALM for Appraisers, appraisers pay a low annual fee to set up a single online profile that can be shared electronically with any AMCs, and lenders they choose, saving them the time and cost of having to submit themselves to verification every time they want to work with a new partner. Status changes are immediately provided to AMCs and lenders, delivering ongoing insight and the ability to quickly and effectively manage their relationships and keep everyone in compliance. REALM for Appraisers gives AMCs online tools to efficiently and cost-effectively meet all regulatory requirements.
“We’re very pleased to provide our services to eAMC, a highly regarded appraisal management company,” said Greg Schroeder, president of Comergence. “eAMC is an AMC that is ahead of its time in leveraging state of the art online solutions like REALM for Appraisers. REALM will give eAMC’s clients peace of mind that the appraisers they’re working with are verified and in compliance.”
“Using REALM for Appraisers will help our clients comply with the numerous regulations governing appraisers,” said Jennifer Reese, manager of operations for eAMC. “eAMC is now able to provide our lender clients with the highest level of vendor due diligence to ensure full compliance with third party originator (TPO) requirements of the CFPB and GSE regulators. This extra assurance to lenders sets us apart from other AMCs.”