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Welcome to Appraisal Broker LLC
Thank you for taking the time to learn more about our requirements. Additional questions can be answered below in our FAQ section.
Appraiser Membership Requirements | Software/System Requirements | Appraisal FAQ's.
Appraiser Membership Requirements
We are a nationwide appraisal management company currently seeking residential and commercial real estate appraisers to become a member. We require interested appraisers to provide/complete the following:
- Preregister
Preregister to reserve your coverage area(s). Once preregistered, you will receive a confirmation email with additional directions and links to register and purchase your appraiser membership. Preregister
- CreateYour Account
Registering and creating your appraiser account will allow you to create your appraiser profile, along with an account username and password. Your account can be accessed online 24x7. After logging-in, complete your full contact information along with your coverage and extended coverage area(s).
- Support Documentation
Support documentation can be uploaded via your online account. Required documentation: ALL THESE CAN BE UPLOADED ONLINE
-Copy of your state license,
-Current Resume,
-Copy of E&O Insurance
-W-9 Form
-Sample Appraisals
-Signed Appraiser Engagement Letter
- Appraiser Engagement Package
Complete, sign, scan and upload your appraiser engagement package.
Appraiser Engagement Package -Download
- Purchase Your Appraisal Membership (optional)
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Appraiser System Requirements
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Computer/Processor |
Computer with a 486/66-megahertz (MHz) processor or higher (Pentium processor recommended) |
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Operating System |
Windows 98, Windows Me, Windows NT 4.0 with Service Pack 6a (SP6a), Windows 2000 or Windows XP |
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Browser |
Internet Explorer 5.5 or Higher / AOL 8 or Higher with cookies enabled |
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RAM / Hard Disk |
Memory and hard disk requirements depend on the operating system used
Windows 95:
16 MB of RAM minimum
Full install size: 11.5 MB
Windows 98:
16 MB of RAM minimum
Full install size: 11.5 MB
Windows 98 Second Edition:
16 MB of RAM minimum
Full install size: 12.4 MB
Windows NT 4.0 with SP6a and higher:
32 MB of RAM minimum
Full install size: 12.7 MB
Windows 2000:
32 MB of RAM minimum
Full install size: 12 MB
Windows Me Edition:
32 MB of RAM minimum
Full install size: 8.7 MB
Windows XP:
32 MB of RAM minimum
Full install size: 12 MB |
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Display |
Super VGA (800 × 600) or higher-resolution monitor with 256 colors
* Super VGA (1024 x 768) strongly recommended |
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Peripherals |
Microsoft Mouse, Microsoft IntelliMouse®, or compatible pointing device |
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Internet Access |
56k modem with Dial-up connection, or High speed Internet Access (Cable, DSL, or xDSL, ISDN, Frame relay, T1, T2, T3, T4) strongly recommended |
Frequently Asked Questions FAQ's
Is There A Fee To Become A Preferred Member and To Get Listed On Your Company's Appraiser Roster?
Yes, there is a fee to become a preferred appraiser member. Preferred membership is the only membership we have. The membership is limited and based on a 1st come-1st serve basis. Each preferred appraiser member secures their coverage area(s) by registering and purchasing the membership. For membership pricing see www.OrderYourAppraisalsOnline.com/appraiserfees
Why Is There A Fee?
We believe our appraisal management service and system is different than many other AMC's and appraisal directories. We are not a directory. Built with the appraiser in mind, we offer appraisers a preferred nationwide membership - allowing members the ability to secure his or her coverage area(s). Coverage area is shared among 6-10 co-appraiser members per county. Coverage area is secured on a 1st come basis through membership. In addition to securing coverage area, we offer more competitive appraisal fees than most AMC's in the industry. Our yearly membership fees help offset transactional and technology expenses and allows us to pass more of the appraisal fee to the appraiser.
What Are The Appraiser's Appraisal Fees?
Are appraisal fees are very competitive. For more details about our appraisal fees see
www.OrderYourAppraisalsOnline.com/appraiserfees
When Do I Get Paid For My Appraisal Services?
COD based appraisals are paid to the appraiser with 7-10 days of final appraiser upload/delivery, review and a QA check. Each appraisal report is reviewed the same day its delivered.
What About No Shows & Trip Fees?
No show and trip fees are included in the appraiser's fees, see:
www.OrderYourAppraisalsOnline.com/appraiserfees
What Kind of Turn Times Do Your Lender Clients Require?
Each order will have a due date designated by our lender clients. Normally appraisals are scheduled the same day they are received and appraisals are returned within 3 days after the field inspection. Any delays must be communicated via status updating within our online system.
How Does Your Appraisal Assignment Process Work?
The appraisal assignment process is based on each appraisal assignments unique requirements and scope of work. Appraisers receive assignments based on their qualifications to complete such orders, then on their appraisal work load capacity and finally on geographic coverage area. Appraisals are distributed among preferred members of a particular coverage area.
What Is A Secured Coverage Area?
A secured coverage area is a geographic appraisal coverage area secured to a particular appraiser through our preferred appraisal membership. Each coverage area is shared by a small group of appraiser members. This process ensures more appraisals by coverage area and eliminates competition.
Do You Provide Your Users With A Discussion Forum?
Yes, we offer both our lender clients and appraisal members industry-based forums, where appraisers and lenders can discuss various topics and concerns. www.forum.appraisersamc.com
How Is Your Appraisal Management Service Compliant?
March 3, 2008, New York Attorney General Cuomo announced an agreement with Fannie Mae, Freddie Mac, and the Office of Federal Housing Enterprise Oversight (OFHEO). As a result the nation’s two largest purchasers of home loans agree to only buy mortgages from banks that meet the requirements of New Home Value Protection Code (HVPC). The HVPC will monitor and regulate appraisal selection, communication, solicitation, conflicts of interest and promote appraiser independence. Banks will be required to adhere to the code beginning January 1, 2009. Fannie Mae and Freddie Mac will require that lenders represent and warrant that appraisals related to mortgage loans originated on or after January 1, 2009 conform to the code or they will not be purchased.
With this new legislation, all federally regulated lenders must now comply with regulations that prevent loan production staff from directly engaging valuation professional such as appraisers. The process is now out of direct control of the loan officers, relationship managers and processors.
Under the federal compliance guidelines, a lending institution must establish criteria for the selection and evaluation of real estate appraisals. Additionally, the selection process must be unbiased and the individual selected must be independent and in no way have any invested interested in either the property or the transaction.
Our appraisal management service and technology platform provides the compliancy firewall and communications structure that prevents directed (ordered by the loan production staff direct to the appraiser) appraisal procurement, it separates the loan production and commissioned-based originators from the valuation professional (the appraiser).
These days, more and more real estate appraisers find themselves doing business with appraisal management companies (AMCs). The most recent lender loss prevention and appraisal ordering guidelines indicate that the use of such management companies will continue to become more widespread for the foreseeable future. Lenders and mortgage brokers will also be looking for compliant platforms ensuring decreased valuation liability - we help lenders achieve this through our advanced software technologies and staffed appraisal management services.
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