Property Valuation
What is an appraisal management company (AMC) and how does it relate to Nevada mortgage transactions?
AA company that manages Nevada property appraisers' licenses
BA company that acts as an intermediary between lenders and appraisers, managing the appraisal ordering process to maintain appraiser independence from lender pressure✓ Correct
CA government agency overseeing all Nevada appraisals
DA company that provides appraisals directly to buyers
Explanation
Under the Dodd-Frank Act, appraisal management companies (AMCs) were created to maintain independence between lenders and appraisers. In Nevada, AMCs receive appraisal orders from lenders, assign them to independent appraisers, and ensure compliance with appraisal independence requirements.
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