Interesting question......
323compliance is basically a divison of Integra Realty Resources - SC that provides appraisal process management, appraisal reviews and assistance with establishing FDIC compliant appraisal procedures. Our services are certainly not right for every bank, but community banks have responded very well to our knowledge of Part 323 of the FDIC Laws and Regulations, otherwise known as Appraisal Independence.
When I first started marketing the Appraisal Process Management (APM) program, I expected to hear mainly from banks that had, as one banker stated, "been smacked around by the FDIC." Surprisingly, one of the first bankers to sign up for our program told me that he "just wanted higher quality appraisals" and that the examiners had never had a problem with their appraisal procedures.
We offer a very flexible service program, from working as a consultant to assemble a strong approved appraiser list, to procuring appraisals on behalf of banks.......or just providing technical appraisal reviews of select commercial appraisals. Please e-mail me at mdodds@irr.com if we can assist.
Michael Dodds, MAI, CCIM, MRICS
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