Appraiser Employment

At Elite Appraisal Management, Inc., we make every effort to provide our clients with appraisal services in a timely, professional, and efficient manner. We expect experienced real estate appraisers who are familiar with the area. You will benefit from us marketing to lenders across the country and providing appraisal assignments within your area. You may specify your workload and when you are available for assignments. You are in control of your time as needed for vacation or just downtime. We provide you with:

  • Local appraisal assignments
  • Support staff
  • Lender/Client communication
  • Quality control
  • Management of client invoices
  • Marketing of services

 

Appraisal management

These days, more and more real estate appraisers find themselves doing business with appraisal management companies. The residential real estate appraiser who accepts appraisal assignments from mortgage brokers and lenders, and is not already dependent on an appraisal management company for some percentage of their business, is quickly becoming the exception in the appraisal profession. The most recent lender loss prevention and appraisal ordering guidelines indicate that the use of these management companies will continue to become more widespread for the foreseeable future.

At Elite Appraisal Management, the entire order process is administered through this website. Appraisers have no direct contact with loan officers. There is not lender pressure, and none of the hassles typically associated with overly demanding clients.

Elite Appraisal Management is staffed by experts trained in the appraisal process. An experienced, professional, Certified Residential Appraiser is always available (during office hours) and ready to respond to any situation that requires a higher level of expertise.

The Elite Appraisal Management staff can resolve many issues with little or no involvement from the appraiser. Elite Appraisal Management eliminates the all too common demands from inexperienced or unethical loan officers that put the appraiser in the position of having to violate the Home Valuation Code of Conduct (HVCC) & Uniform Standards of Professional Appraisal Practice (USPAP) or risk losing a client. 

Professional appraisers

As a professional appraiser, you are undoubtedly aware that most appraisers must devote a significant percentage of their time to collecting payment from clients who do not wish to pay for the services they have ordered. This takes away from productive appraisal assignments. The costs of bounced checks and credit card processing fees, as well as the ever increasing marketing time and expense it takes to maintain market share in a crowded profession, are making it more and more difficult for many appraisers to earn a comfortable living.

Elite Appraisal Management offers a flexible way to supplement the income from their appraisal practice without expense or risk. Elite Appraisal can be a useful source of extra work during slow periods, to help keep idle staff occupied, or perhaps as a source of work for the appraiser just starting their own professional practice. Elite Appraisal Management provides guaranteed, timely payment and a competitive fee schedule. Our forumla is simple: you provide high quality real estate appraisals in a timely and professional manner and we pay you for those services.

 

Requirements for approval as an Elite Appraisal Management appraiser:

  • A current State Appraisal license/certification. (Note: registered, provisional, assistant, trainee, transitional, associates, or apprentice applicants are not eligible.)
  • A minimum of two years full-time field appraisal experience
  • No infractions or violations that have resulted in sanctions from any State Appraisal Board or Financial Regulatory Agency.
  • May not have been convicted, found guilty, regardless or penalty, or a misdemeanor involving moral turpitude or of any felony.
  • Compliance with HVCC, USPAP, and all State and Federal laws
  • ability to deliver appraisals in UAD format.

Provide a list of any lender(s) that you have been removed from. If you have been removed from a lender’s acceptable appraisers list and/or placed on a “do not use” list and have not notified us before accepting the assignment, Elite Appraisal Management will not be responsible for compensation since we would have to reassign the order to a different approved appraiser and compensate them.

 

Procedures:

  • Complete the Appraiser Application with a fee schedule. (Note that fees posted on our website are fees billed to clients, which include our fee. It is important that the fees you submit are competitive.)
  • Provide résumé, including pertinent experience, formal education, and employment history.
  • Please do not fax resume unless we request it. We request one complete work sample, including photographs, building sketches, and location maps, for each licensed appraiser. One 1004/URAR required. We may need additional samples upon request. 
  • Error and Omissions Insurance Declaration Page
  • Federal Tax Code form W-9 Taxpayer Identification request

 

Additional Requirements:

 

  • Appraisers are expected to comply with USPAP requirements. Standard underwriting guideline adherence, such as FNMA or FDMC, is desirable. Each individual order should include specific lender requirements. If specific lender requirements are not attached to each order, please contact Elite Appraisal Management. The original report may only be directed to Elite Appraisal Management. Do not send any appraisal report directly to the lender under any circumstance. If lender contacts appraiser directly, please notify Elite Appraisal Management before pursuing any actions.
  • Appraisal Assignments: It is crucial that the assignment form be read in its entirety. Elite Appraisal Management will not compensate the appraiser if the assignment was not read or the appraisal was incorrectly completed. If you are unable to comply with any of these requirements, notify Elite Appraisal before accepting
  • Initial contact: Contact the customer within 12 hours to set an appointment. Notify Elite Appraisal of the status of the order within 24 hours.
  • Time frames: The original report is expected within 2-3 business days from the time of inspection. If you are unable to meet the required time frames, it is important that you advise Elite Appraisal Management before accepting an order. Any addenda or conditions from underwriting are expected back within 24 hours after your receipt of condition. 
  • Invoicing: All orders are reconciled as completed. Do not invoice the lender for any assignments prepared through Elite Appraisal Management. If you experience a delay in payment, feel free to contact Elite Appraisal Management. If the assignment is a C.O.D., appraiser cannot accept fee (cash) per the HVCC. Check should be made payable to Elite Appraisal Management and delivered to us ASAP (we recommend not completing report until the check clears our account). We accept Mastercard, Visa, and American Express. This is another option for the homeowner. If your quoted fee is incorrect on the assignment form, please notify Elite Appraisal Management before accepting the assignment. This is the fee you will be compensated unless otherwise told. 
  • Appraisal name: The client’s information is provided on the assignment form under Special Instructions 
  • Delivery: Send completed reports to info@eliteappraise.com. Deliver invoice in a separate PDF document to facilitate payment.
  • Changes: If you have any changes in phone numbers, address, or service areas, they should be directed to info@eliteappraise.com. Any fee changes require 30 days notice and are subject to approval. Any appraisers added to your company must complete the Appraiser Application and comply with Elite Appraisal Management’s requirements and procedures for appraisers. If removed from any lender’s list, Elite Appraisal Management must be notified immediately.

Appraisal reviews: Elite Appraisal Management utilizes an automated and manual review process for all appraisals submitted prior to being processed to the lender. Standardization of report writing is required.