At ARC we develop and implement appraisal review policies, guidelines, and procedures in accordance with Interagency Guidelines found in the Dodd-Frank Act, FIRREA, and USPAP, alongside federal and state guidelines.

ARC manages all aspects of the valuation process from appraiser selection and engagement to appraisal review. This can include developing and maintaining an approved appraiser roster.

We can analyze existing loan portfolios for potential volatility and risks; recommend updated appraisals or evaluations based upon current market conditions. This can include desk reviews or field reviews of appraisals for existing loans.

ARC provides training to staff in USPAP, current appraisal theory, and appraisal review, as well as federal and state guidelines, keeping lenders up to date on changing regulatory requirements.

A third-party appraisal management service will enhance appraisal procedures and guidelines to ensure compliance with local, state and federal regulations.

ARC provides carefully reviewed, credible appraisal reports to support collateral assets which aid in reducing lender risk and exposure.

Lender staff are trained on our platform and kept informed on current industry information regarding appraisal guidelines which will lead to a better quality loan product, while at the same time reducing risk and exposure to the client.

ARC engages the most competent and qualified appraisers.

1.  Local: We understand what is happening in markets and regions that can impact value.

2.  Experience: Collectively we have or hold all recognized designations, but especially FRICS, MAI, SRA, and AI-GRS.

3.  Size: We’re not so large we lose a sense of who our customers are and what they need.

4.  Regulatory: As prior state licensing board members, we have an inside understanding of proposed changes to state laws, as well as access to education and networking not available to other companies.

5. Expectations: We exceed minimum standards because we’re not running an AMC mill. Our reviews are more in depth than the standard automated review or FIRREA checklist.

6.  Service: We provide personalized service, we know our lenders and our appraisers and they know they can depend on being able to reach someone dedicated to their success.

7.  Personal: Because we personally know the local appraisers, assignments are paired with the best appraiser for the job, instead of the lowest bidder.

Flat Fees for orders - No hidden fees - No Percentage Fees - Fees are Fully Disclosed - CFPB Requirement.

NO Fees are taken from appraisers - conforms with CFPB requirements.

Less scrutiny during regulatory Audits - We know what FDIC and OCC want.

Easy Access to our team. We are available for any questions, any time, unique situations, confirmations, critical financial requests, audits & all other last minute needs.

You will receive personalized service. Quality is a top priority for us.

We take the time to develop relationships with appraisers and the lenders.

Our knowledge is current and relevant. We receive the most up to date information about changes to federal and state laws, education and changes in the industry.

We provide clients with quick turn around. Our Team is Responsive.

We have the Most Prestigious Qualifications & Designations in the World.

Competitive Fees allow your loan officers to not only compete but utilizing ARC lowers your operational costs.

At a minimum, a bank’s appraisal review policies and procedures should specify:

•the reviewer’s qualifications, including experience, education, training, and independence from the loan production function;

•the timing of reviews so that they are completed before credit decisions are made;

•the scope of the appraisal review, which will vary according to transaction type, risk, size, and;

•standards for documenting the review and communicating its findings, including processes for resolving inaccuracies, appraisal weaknesses, and ambiguities; rejecting appraisals; and referring potential fraudulent activity to the appropriate regulator.

According to the Federal Reserve “An institution’s appraisal and evaluation review function should be independent from the loan production process. Further, staff conducting the reviews should have the knowledge and expertise to assess compliance with the Federal Reserve’s appraisal regulations and guidelines. 

Though all appraisals need to be reviewed for compliance with appraisal regulations, guidelines, and professional standards, the stringency of the review of a particular appraisal or evaluation should increase as loan size or the property complexity increases.”

“Internal reviews should determine whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the process by which the collateral valuation is obtained ensures independence and quality.”

By: Lynn Woosley in the Atlanta Fed’s Supervision and Regulation Department