Mortgage Lending · Vendor & Partner Information
Appraisal management company agreements
A contract between a mortgage lender and an appraisal management company setting out how property appraisals are ordered, delivered, and paid for.
What it usually contains
- Scope of appraisal services and turnaround time standards
- Fee schedules by product type, property type, and coverage area
- Appraiser independence and regulatory compliance obligations
- Quality control, revision, and dispute handling procedures
- Insurance, indemnification, confidentiality, and termination terms
What the assistant uses it for
Answering questions about what an appraisal vendor is obligated to deliver, how long orders should take, and what the lender pays. Also useful for checking compliance duties, liability limits, and how to end or renew the relationship.
How it is versioned
A document of this type has exactly one current version at a time. Upload a revision and it becomes the version that counts — the one before it is kept and dated, but is no longer what your assistant answers from. Nothing is ever deleted, so you can always show what this document said on a given date.
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