HousingWire Daily Class Valuation COO Andrew Bough on the future of valuation
Nov 5, 2025
Join Andrew Bough, COO of Class Valuation and a valuation veteran with over 30 years of experience, as he dives into the evolution of Appraisal Management Companies (AMCs). He discusses how AMCs emerged post-2008 due to independence concerns and highlights Class Valuation's national scale and specialty appraiser panels. Andrew explains the impact of AI in enhancing appraisal quality control and modernizing workflows while advocating for the adoption of hybrid approaches to improve efficiency and service standards for lenders.
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AMCs Emerged As Risk Mitigants
- AMCs rose after the financial crisis to protect appraiser independence and manage risk.
- They evolved from convenience providers into key compliance and risk-mitigation partners.
Scale Enables Tough-Market Coverage
- Class differentiates through national scale, specialty panels, and deep appraiser recruitment.
- Scale lets them service tough rural and niche markets that smaller AMCs cannot.
AMCs Add Value Beyond Middlemen
- Some view AMCs as middlemen that add cost and time, but that overlooks their value.
- AMCs provide appraisers with training, tech, and assignment protocols that preserve independence and quality.