Yes. TALCB is not interested in the underlying reason for a review. Regardless of who requests the review and as long as the appraisal review is ordered through the AMC, the review may be counted in the 5% required by TALCB rule (22 Tex. Admin. Code § 159.155)
Appraisal Management Company
While the Fannie Mae Form 2000 is the most common form used for reviews by fee appraisers TALCB cannot endorse a particular form. If an AMC wants to use a Fannie Mae form or other available industry form, the AMC should ensure that the form complies with the TALCB rule requirements (22 Tex. Admin. Code § 159.155), including the appropriate scope of work.
No. A review of an appraisal report that was not ordered through the AMC does not count towards the 5% required by TALCB rule (22 Tex. Admin. Code § 159.155).
An Appraisal Management Company (AMC) is an entity authorized to provide appraisal management services by TALCB. AMCs often act as the intermediary between the lender, borrower, realtor, mortgage broker and the appraiser.
Each Appraisal Management Company (AMC) must renew their registration with TALCB every two years. Registration renewals must be completed no later than 180 days after the current registration expires.