NAAMC Approaches its 1 Year Anniversary

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The National Association of Appraisal Management Companies (NAAMC) anticipates the celebration of its 1 year anniversary in June of 2013.

The National Association of Appraisal Management Companies (NAAMC) is thrilled to announce its upcoming 1 year anniversary on June 27th, 2013. On June 27th, 2012, AMCs throughout the country came together in Providence, RI, to formally establish the National Association of Appraisal Management Companies (NAAMC), a non-profit organization dedicated to promoting innovation and transparency throughout the appraisal industry.

NAAMC indicates it has high hopes for FY 2013, with goals to continue to bring positive change and harmony to the real estate appraisal industry. The group has spent the past year reaching out to lawmakers to request reasonable changes for the benefit of the industry as a whole, in addition to showing its support with regards to changes in legislature which NAAMC feels are in line with the organization’s mission, which is to foster cooperation and communication among all parties within and surrounding the appraisal industry; including Appraisers, Appraisal Management Companies, Lenders, and Third-Party Vendors.

One of NAAMC’s key accomplishments during the past year includes the formation of a strategic partnership with Manatos & Manatos in September of 2012. NAAMC’s partnership with this highly regarded firm in the public policy sector in Washington, D.C. was formed to ensure that the voices of the organization were heard by industry legislators. This effort was followed by a request made by NAAMC’s executive officers in February of 2013 to the House Committee on Insurance and Real Estate in the State of Connecticut to reduce the $1,000,000 bond requirement, and to retain the existing 60-day payment cycle to independent appraisers. This request was respectfully made based on NAAMC’s belief that the proposed surety bond and reduced payment cycle would place an undue burden on AMCs in the State of Connecticut.

Most recently, in April of 2013, several NAAMC members attended and supported the Illinois Dept of Financial and Professional Regulation AMC Registration Program, sponsored by the Illinois Coalition of Appraisal Professionals (ICAP). NAAMC members indicated they were in full support of not only the fairness of the act itself, but also of the process through which the act was introduced. NAAMC applauded the level of effort that Illinois made to regard appraisers, AMCs and lenders as equal partners in the responsibility to the consumer and marketplace overall.

NAAMC anticipates a significant growth both in membership and activity this year. In conjunction with the beginning of their second full year, NAAMC will be rolling out a new membership pricing structure for FY 2013, which will be effective on July 1st, 2013. For more information or to become of member of the National Association of Appraisal Management Companies (NAAMC), visit http://www.naamc.org or email info(at)naamc(dot)org.

ABOUT NAAMC

The first Trade Organization devoted to the Appraisal Management Industry and its related sectors, The National Association of Appraisal Management Companies (NAAMC) is committed to promoting transparency throughout the appraisal industry. The association is made up of AMCs throughout the United States that recognize the importance of a cooperative and collaborative relationship between AMCs, professional independent appraisers, lenders and state and federal regulators in order to promote a productive and financially sound housing industry marketplace. NAAMC supports reasonable governmental regulations that promote appraiser independence and the Uniform Standards of Professional Appraisal Practice.

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Danielle Gatsos
National Association of Appraisal Management Companies-NAAMC
855-622-6216
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