When it comes to managing a staff appraiser panel, there are a number of benefits to take into account. For one, staff appraisers work directly for the AMC and are more responsive to the requests made by them and the lender. Independent appraisers, on the other hand, manage multiple AMC and lender pipelines which can sometimes be a challenge in prioritizing assignments. Most AMCs probably have a one-channel fulfillment strategy that involves only working with independent appraisers. Whereas Trimavin takes advantage of a three-channel fulfillment strategy (Staff, Go2, and Independent) which optimizes lender oversight, appraisal service, and AMC service delivery. This multi-pronged approach allows Trimavin to enhance our performance and deliver the best results as soon as possible to our clients.
When it comes to managing a staff appraiser panel, there are a number of benefits to take into account. For one, staff appraisers work directly for the AMC and are more responsive to the requests made by them and the lender. Independent appraisers, on the other hand, manage multiple AMC and lender pipelines which can sometimes be a challenge in prioritizing assignments. Most AMCs probably have a one-channel fulfillment strategy that involves only working with independent appraisers. Whereas Trimavin takes advantage of a three-channel fulfillment strategy (Staff, Go2, and Independent) which optimizes lender oversight, appraisal service, and AMC service delivery. This multi-pronged approach allows Trimavin to enhance our performance and deliver the best results as soon as possible to our clients.
Trimavin and over 3,000 appraisers also have a mutually beneficial partnership in the form of an Appraiser Alliance Program. When we play an active role in cooperating with appraisers, we ensure that they elevate their services to the lender in areas like quality control, underwriter review, assignment criteria, compliance, and coverage. There is also a sense of camaraderie to be had when like-minded colleagues share a similar sense of purpose as part of a coalition; this fosters trust and friendly relations which tend to improve morale and therefore their performance levels which go a long way in satisfying the needs of the lender.
Lenders expect consistent results that are high quality, and that’s why we employ a team of certified appraisers who are part of our staff, and who are vetted according to a high level of standards. We also provide our staff appraisers with a greater amount of resources to work with as opposed to independent appraisers which allows them to deliver more accurate and meticulous results to our clients.
Staff appraisers also have less administrative and tax burdens to deal with because the company handles that work, so there is more time to focus on doing what they do best – appraising properties. By not having to juggle their main line of work with administrative tasks, staff appraisers are more cohesive and responsive. Lenders can expect greater and more stable appraisal fulfillment by working with an AMC that employs staff appraisers who are knowledgeable of their respective market areas and can deal with difficult assignments whenever received.
In summary, managing a staff appraiser panel may create more of a burden on the AMC. However, lenders will greatly benefit from this model of fulfillment. Lenders want to work with a well-integrated base of professionals who understand the nuances of their local markets and are united by a shared sense of purpose in lowering turn times and making appraisal fulfillment a more efficient process. A well-managed staff appraiser model can do this.
