Well Fargo Wholesale Lending is providing training to help you prepare for the Jan. 5, 2009, implementation of our new preferred process for ordering appraisals through RESdirect and our four approved Appraisal Management Companies (AMCs). The training will also describe the options available for appraisals ordered outside the preferred process. Looks like we have another company taking a piece of the pie.

See full article:

http://appraisalnewsonline.typepad.com/WellsFargo_Appraisal_AMC_HVCC_Appraisal_Process.pdf

The AMC's are making a big push to use fear and uncertainty to get this done regardless of whether it will actually happen, and whether or not it is even legal. I think it is important to let all of your customers know that this is NOT a done deal by any stretch, and that they should not make any plans at this point to set up an account with an AMC.

http://appraisalnewsonline.typepad.com/appraisal_news_for_real_e/2008/12/update-on-the-hvcc-and-the-amcs-push-for-business-.html#more