Press
Comergence to provide appraiser due diligence and screening for eAMC
MISSION VIEJO, CA (September 15, 2014) — Comergence, a provider of third-party risk-management platforms for the mortgage industry, announces that it is now providing appraiser due diligence and screening services for eAMC, an appraisal management company based in Troy, Michigan. Comergence offers a full suite of hands-on and automated services for screening and compliance monitoring.
Under the terms of the agreement, Comergence will provide its proprietary REALM for Appraisers services to the appraisers who work for eAMC. With REALM for Appraisers, appraisers pay a low annual fee to set up a single online profile that can be shared electronically with any AMCs, and lenders they choose, saving them the time and cost of having to submit themselves to verification every time they want to work with a new partner. Status changes are immediately provided to AMCs and lenders, delivering ongoing insight and the ability to quickly and effectively manage their relationships and keep everyone in compliance. REALM for Appraisers gives AMCs online tools to efficiently and cost-effectively meet all regulatory requirements.
“We’re very pleased to provide our services to eAMC, a highly regarded appraisal management company,” said Greg Schroeder, president of Comergence. “eAMC is an AMC that is ahead of its time in leveraging state of the art online solutions like REALM for Appraisers. REALM will give eAMC’s clients peace of mind that the appraisers they’re working with are verified and in compliance.”
“Using REALM for Appraisers will help our clients comply with the numerous regulations governing appraisers,” said Jennifer Reese, manager of operations for eAMC. “eAMC is now able to provide our lender clients with the highest level of vendor due diligence to ensure full compliance with third party originator (TPO) requirements of the CFPB and GSE regulators. This extra assurance to lenders sets us apart from other AMCs.”
About Comergence
Comergence is the lending industry’s premier risk management firm specializing in mortgage originator and appraiser due diligence and profile surveillance. Comergence offers a full suite of hands-on and automated services for screening and compliance monitoring. The company has compiled a comprehensive database of 550,000+ records on every licensed mortgage originator plus 100,000+ licensed and active appraisers in the US, along with aggregated and appended industry-specific data that provides clients with crucial information for proper third party risk management. For more information about Comergence Compliance Monitoring, visit www.comergencecompliance.com or call (714) 489-8860. The company can also be followed on Twitter at @comergence.