fha mortgage loans, local mortgage broker, midwest family lending

(515) 252-7107

APPLY NOW!

Mortgage Industry News

« Return to Mortgage Industry News

Final Rules for AMC Supervision Released by Regulators

Wednesday, May 6, 2015

Six federal regulators recently issued a final rule setting requirements for state registration and supervision of appraisal management companies (AMCs).  AMCs are entities that contract with and manage licensed and certified appraisers to provide appraisal services to lenders, underwriters, or other principals in the secondary mortgage markets. 

AMCs may be independent entities or subsidiaries of federal financial institutions.  If the latter, the AMC must meet the same minimum requirements as state-regulated AMCs but are not required to register with a state.

 

Read Full Article

Testimonial

"I don't have enough great things to say about Midwest Family Lending, the process was stress free, Josh went above and beyond for us to reach our home ownership dreams. He put us on the right path to get us where we needed to go and was there every step of the way as a great resource of information. We can't thank him enough!"
Liz K.