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Five ways to work with an AMC, and make more money (Part 1)
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I understand that a lot of appraisers are upset by the changes in the industry. Whether the new ways of doing business are right or wrong, they are here. The reality is that appraisal management companies (AMCs) are not going away. The current legislative and lending environment is only going to get stricter over the next several years, particularly as we go into the year of "implementation,” where all of the changes we’ve talked about are all going to be put into action. It’s going to shake up the mortgage lending and appraisal industries even more then they have previously.
Appraisers can be upset about the industry’s changes or not upset about them — it really doesn’t matter. Appraisers have got to accept that they’re here to stay so they can put their action plans to work. Norman Vincent Peale once said, “The secret of life isn’t what happens to you, but what you do with what happens to you.” If appraisers are going to be working with an AMC, and they want to make more money, have more control of their time and be able to pick and choose the companies they work with. They have to focus on the solution, rather than the problem.
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