Compliance

AmeriMac provides appraisal services in all 50 states. We meet compliance requirements in states that have established protocols. Please contact us if you would like to learn more about our state licenses and expiration dates.

Our team manages all communication with appraisers to ensure that all appraisals are conducted fairly and without undo influence or pressure.

Following the Great Recession, the 2010 Interagency Appraisal & EvaluationGuidelines (AIG) were introduced to reestablish the separation between the appraisal order management process and the loan production process. These regulations also drew specific attention to the importance of an appraisal review process.

The necessity of appraisal companies expanded following the Dodd-Frank Act, signed into law in 2010. This especially applies to community bankers who were by and large unfamiliar with appraisal management companies (AMCs) as a whole.

Along with the Federal Reserve Interim Final Rule, the Dodd-Frank Act also established a Consumer Complaint Hotline and a standard “customary and reasonable” appraisal fee to pay local appraisers. These laws made the community lender responsible if the appraisal management companies did not comply.

A2P 10DLC Compliance

A2P 10DLC refers to a system in the United States that allows businesses to send Application-to-Person (A2P) type messaging via standard 10-digit long code (10DLC) phone numbers.
Carriers in the US consider all LC Phone traffic to be A2P.
Carriers’ A2P 10DLC offerings provide better delivery quality and lower filtering risk than long code SMS of the past, using the same phone numbers.
Please review AmeriMac’s SMS policy here.

Helpful Links

• Dodd-Frank Wall Street Reform and Consumer Protection Act
• Appraiser Independence – Freddie Mac
• Oversight of Fannie Mae & Freddie Mac Compliance