what is an appraisal management company amc 
an appraisal management company amc is an independent entity through which mortgage lenders order residential real estate valuation services for properties on which they are considering extending loans to homebuyers amcs fulfill an administrative function in the appraisal process including selecting an appraiser and delivering the appraisal report to the lender individual appraisers who work for amcs provide the actual property valuation services understanding appraisal management companies amc amcs have been a part of the real estate landscape for the past 50 years however their numbers remained limited until the financial crisis of 2007 to 2008 in 2009 the new york attorney general government sponsored enterprises freddie mac and fannie mae and the federal housing finance agency fhfa established the home valuation code of conduct hvcc appraisal guidelines 1 the hvcc guidelines no longer on the books laid the foundation for the appraiser independence found in the dodd frank wall street reform and consumer protection act and the truth in lending act laws obligating lenders to use independent appraisers led to a sharp rise in the use and number of amcs 23the hvcc and later federal regulation sought to limit the amount of direct contact that lenders could have with appraisers essentially the u s federal government created appraiser independence requirements to prevent lenders from influencing appraisers to inflate property values a problem believed to have contributed to the housing crisis with an amc mortgage brokers loan officers nor homeowners may select the appraiser for the property on which they want to lend borrow funds since the former parties have a financial interest in the transaction there is a risk they might attempt to influence the appraiser to assign a higher value to the property than market conditions support so the transaction will go through 