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Envoy Mortgage’s Christopher Cash talks AMC consolidation, management (Part 1)
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With the growing cost of appraisal management company (AMC) registration state laws, many AMCs are hanging it up, unable to front the money to stay in business. While appraisers rejoice, the consolidation of AMCs put lenders in a tough spot. To get the lender view of the appraisal industry, Valuation Review talked to Christopher Cash, senior operations manager at Envoy Mortgage, a mortgage bank based in Texas that has branches across the country.
Valuation Review: From the lender’s point of view, what does the consolidation of AMCs and appraisal firms mean to your business?
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