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Industry leader forecasts impact of AMC supervision rule
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Six federal agencies have issued a proposed rule that would mandate minimum requirements for the state registration and supervision of appraisal management companies (AMCs).
The proposed rule, authorized under section 1473 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, would grant those state agencies that certify and license individual appraisers the same authority to oversee appraisal management companies.
Valuation Review reached out to Keith Guenther, chief executive officer of USRES, a nationwide AMC, to get insight on how the proposed rule might impact the appraisal industry.
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