Compliance
The lending industry is changing and Atlantic1 is on the cutting edge to maintain compliance standards. We believe in working with the right people and the right clients to ensure their utmost success. This commitment to customer service and regulatory compliance has enabled Atlantic1 to be the most reliable and fastest growing appraisal management company in the nation. Atlantic1 understands that the industry is always changing and with that comes the additional responsibility of remaining up to date and compliant. When it comes to compliance Atlantic1 has you covered!
Atlantic1 understands compliance responsibilities. Atlantic1 is an Appraisal Management Company (AMC), licensed and bonded. Appraisal Independence is our industry. The delivery of accurate, independent, unbiased appraisals is our primary focus. Our appraisal process is completed in compliance with the Dodd-Frank Act in accordance with Appraisal Independence Requirements (AIR), Fannie Mae, Freddie Mac, TILA-RESPA, and the Interagency Appraisal and Evaluation Guidelines.
After 2 decades in the valuation business Atlantic1 keeps a head of the curve.
Compliance
- Understanding the lenders use of the appraisal ordering process.
- Atlantic1 is owned and operated by full time appraisers. We have 5 layers of review before the report leaves the building. Automated review software that evaluates plus a line-by-line review by one of our in-house appraisers.
- Each appraisal is ordered to the specific appraiser who knows their market geographic competency area. Every appraiser is vetted to preform appraisals for Atlantic1.
Resources
- Dodd Frank Act Link: http://dodd-frank.com/
- TRID link: http://www.consumerfinance.gov/regulations/integrated-mortgage-disclosures-under-the-real-estate-settlement-procedures-act-regulation-x-and-the-truth-in-lending-act-regulation-z/
- Appraisal Subcommittee Link: https://www.asc.gov/Home.aspx
