Appraisal Policy and Approved Appraisal Management Companies

At Luxury Mortgage, we ensure every appraisal is performed by an independent, unbiased appraiser in full compliance with the Uniform Standards of Professional Appraisal Practice (USPAP) and Dodd-Frank AIR requirements.

Number of Appraisals Required

Age of Appraisal

Appraisal reports must be no more than 120 days old at the note date.

How to Order an Appraisal

Each broker is assigned a designated AMC for ordering appraisals.

To locate your assigned AMC, log into the portal and click on “Order Appraisal.” This will link you directly to the AMC’s website. From there, you can either:

• Create a login if you do not already have one, or

• Call the AMC to have them set you up with credentials. Be sure to mention that you are brokering a deal through Luxury Mortgage, as the appraisal should be listed under our name.

You may place the appraisal order once all borrower(s) have signed Luxury Mortgage’s Intent to Proceed. Before ordering, review the disclosure tracking in our portal to confirm that you’re cleared to move forward.