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 2% 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 2% 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.
As a Appraisal Management Company (AMC), you must renew your registration every two years. A renewal notice will be sent to the AMC's primary contact about 90 days before your expiration date. You may renew your registration up to six months after the expiration date. After 6 months, you will have to reapply for the registration.