has grown its panel of appraisers in Washington state by 15 percent since October 2016. Washington, and more specifically, greater Seattle, has been one of the most competitive real estate markets in the country for the past year.
“It’s no secret that Seattle has been, and remains today, an incredibly hot market,” said Michael Dresden, president of Dart Appraisal. “AMCs across the industry have been experiencing extended turn times for appraisal reports. To best serve our clients that are based or lend in the Pacific Northwest, we wanted to ensure we had the most robust appraiser panel available. That’s why we personally went into the market, to meet and get to know the appraisal professionals working in and around Seattle.”
The Michigan-based AMC hosted four networking events in Seattle, two in October 2016 and two more in January 2017. In-person appraiser recruiting is fairly uncommon in the AMC space, as most companies rely on electronic methods to build their appraiser panel. Dart Appraisal requires their panel appraisers to be state-licensed or certified and have completed at least 1,000 appraisals.
“We’ve spent 24 years developing our appraiser panel, and we place a strong emphasis on getting to know the appraisers we work with,” Dresden said. “By meeting local appraisers face to face, we were able to substantially grow our panel as well as have productive conversations about how we can best work together for the benefit of our lender clients.”