REMN Wholesale has made some updates to our approved AMC list. Momentum Appraisal Group, Inc. is now an allowable AMC for loans with properties located in the state of Texas only. This AMC can be used for FHA, USDA, and Conventional product types. For all Conventional loans in Texas, Momentum MUST be used as the AMC, effective with new loan submissions Monday August 4. At that time MMC will no longer be used for Conventional loans in Texas.
In addition, Valuation Management Group is no longer an approved AMC for FHA and USDA loans, effective with new loan submissions Monday August 4.
The guidelines will be updated with these changes shortly. The website for Momentum Appraisal Group, Inc. is: http://www.MomentumWeb.com
If you have any questions, please contact your Account Executive.