Unfortunately, many AMCs are as unaware of federal laws, rules, regulations and guidelines governing valuation programs as their clients (lenders) are. The new “Gold Standard” for AMCs competing for lender-client business will be their ability to demonstrate compliance with those federal laws, rules, regulations and guidelines.
Through our expertise in the appraisal profession and our 21 years of experience in the valuation regulatory compliance arena, Valuation Compliance Resource is a trusted, reliable and independent source of AMC/lender regulatory compliance.
We assist AMCs by performing independent regulatory compliance assessments and help in developing internal policies and procedures to aide in compliance with:
- Dodd Frank Wall Street and Consumer Protection Act (Title XIV Section F),
- Federal Financial Institution Reform, Recovery and Enforcement Act (FIRREA) (Title XI)
- Truth In Lending Act (TILA)
- Interim Final Rule of the Federal Reserve Board,
- Government Sponsored Enterprise (GSE) Appraisal Independent Requirements (AIRs)
- Interagency Appraisal and Evaluation Guidelines
- State AMC laws, rules and regulations
Valuation Compliance Resource understands AMC issues and is available for consultation. Bob Keith provides the highest level of consultation for AMCs in the industry.