Although there is some obvious frustration and animosity, some AMCs understand the motivation behind the registration, even if they feel the growing pains of legislation development.

“StreetLinks supports the efforts each state has put forth for AMC regulation. While the AMC industry has been around for over 20 years, the last two to three years have brought an influx of new providers,” Hurst said. “Ensuring that all industry participants are providing compliant and legitimate services to both lenders and appraisers is paramount.” 

Frank O’Neill Jr., DataQuick chief appraiser., remarked that it’s important to remember that the concept behind the AMC registration laws is intended to be a consumer protection initiative to eliminate abuses and better ensure appraiser independence.