A-1 Closing Services, a nationwide appraisal management company, has changed its name to MyAMC as part of a rebranding initiative that supports the company’s focus as a customer- and vendor-centric organization.
“The name A-1 Closing Services gave lenders the impression that we were a closing services company, not an AMC,” said Mills Landon, managing director at MyAMC. “We are expanding our presence among mid-size lenders, and everything about our rebranding, from our new name to the focus of our business operations, supports that objective.”
MyAMC’s rebranding initiative includes the introduction of two new technologies: a mobile appraiser engagement technology and an auto appraiser assignment technology. The company’s mobile appraiser engagement technology, a mobile application available for iOS and Android devices, connects appraisers with MyAMC and enables them to receive, accept and decline orders in a matter of minutes, thus cutting hours or even days off of appraisal turnaround times. MyAMC’s proprietary appraiser assignment technology uses key performance indicators to automate the process of assigning an appraisal to an appraiser. It also adds one more layer of control, ensures appraiser competency and suitability and reinforces the company’s platform of regulatory compliance controls.
All MyAMC appraisals will continue to be managed through ValuLink, the company’s proprietary appraisal management software. Both of the company’s recently introduced technologies are integrated into the platform. Together, the technologies further enable the company to provide its lending partners with high-quality and compliant appraisals that also meet or exceed expectations for turn times.
“Lenders can’t afford appraisal delays or quality issues that cause them to miss critical closing dates,” Landon said. “In rebranding MyAMC, we have added process enhancements that specifically address our clients’ needs for quality and speed. What truly sets us apart, however, are the dedicated people who own and manage these processes.”
MyAMC invests in USPAP-trained quality control reviewers, as well as staff appraisers with national market expertise.
In addition to its new technologies and experienced service team, MyAMC maintains high standards for developing and maintaining its appraiser panel.
“We use a rigorous enrollment process to select the top appraisers across the country,” Landon said. “We pay them well, we pay them on time and we seek their feedback to continuously improve our processes.
“Everything about MyAMC was specifically designed to enhance the customer experience. Furthermore, we are well positioned to help customers assess, monitor and manage third-party risk. Lenders have a lot of things to worry about throughout the mortgage process. Appraisals shouldn’t be one of them. And with MyAMC, they won’t.”