SOLD! National Appraisal Management Co

ID 13-542-GL
Industry:
Services - Business/Real Estate
Annual Revenue:
$6.4M

Summary Description

Appraisal Management Company (AMC)  provides residential real estate appraisals to lending institutions for lending purposes. The AMC acts as a third-party appraisal broker between the lender and the subcontracted appraiser. After the downturn in the housing sector, federal regulators required mortgage lenders to use AMC's as a firewall between the loan officer/appraiser relationship.

Not only did the AMC survive the "recession", it has grown and developed a strong reputation within the industry. A majority of the AMC's new business is through referrals due to the relationships acquired with it's client base...this is proven in it's increasing sales. With recent regulations forcing the competition out, as well as lenders to comply with the use of AMC's, this company continues to enjoy the increases in business activity especially with the promising housing future and current low interest rates. The AMC operates with an absentee business owner and is a turn-key opportunity for any potential buyer.

 

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Contact Information