Appraisal Management Company Surety Bonds

Appraisal Management Company (AMC) Surety Bonds: What You Need to Know

Why Are AMC Surety Bonds Required?

The Great Recession brought increased government scrutiny to Appraisal Management Companies (AMCs), leading many states to mandate Appraisal Management Company Surety Bonds. These regulatory changes aim to:

• Enhance consumer protection in the housing market
• Restore public trust in appraisal quality
• Ensure compliance with the Uniform Standards of Professional Appraisal Practice (USPAP)
• Hold AMCs accountable for using only certified and licensed appraisers

Before these regulations, AMCs operated with little oversight, sometimes resulting in unreliable appraisals. Now, AMC surety bonds guarantee that companies follow state laws, protecting consumers and lenders from malpractice.

Learn More: See our “What is a Surety Bond” Video.

What Is an Appraisal Management Company (AMC)?

An Appraisal Management Company (AMC) acts as an intermediary between lenders and appraisers. Their responsibilities include:

• Recruiting and vetting licensed appraisers
• Verifying credentials and negotiating fees
• Managing appraisal quality control
• Providing an outsourced solution for mortgage lenders

How Do AMC Surety Bonds Work?

Unlike insurance, AMC surety bonds protect the public—not the business. If a claim is filed and the AMC is found at fault:

• The surety company covers the claim upfront.
• The AMC must reimburse the surety provider.
• This system ensures accountability and financial responsibility in the appraisal process.

How to Get an Appraisal Management Company Surety Bond

At Surety1.com, securing your AMC surety bond is fast and easy. Here’s how:

3 Simple Steps to Get Bonded

1️⃣ Complete Our Secure Online Application – Fast, easy, and no hidden fees. (Note: The business name on the application must match your legal entity exactly.)
2️⃣ Receive a Free, No-Obligation Quote – Our experts review your submission and provide competitive pricing, usually within one business day.
3️⃣ Sign & Pay – Finalize paperwork, pay the bond premium, and receive your bond via traceable mail.

The cost of the surety bond is usually between 1% and 3% of the bond amount, subject to a minimum premium and fees of $150. Surety1 will shop its many markets to procure the right price at the right terms.

Why Choose Surety1.com?

• A trusted service of AssuredPartners , one of the largest insurance agencies in the U.S.
• A+ Rated by the Better Business Bureau (BBB)
• Partnered with top surety bond providers nationwide
• Industry-leading expertise since 2003

📌 Get Your AMC Surety Bond Today! Apply Now!