VaCAP has learned this afternoon that Atlantic1 Appraisal Management is 60 days past due on paying one of our members. As most of you may recall, Atlantic1 is associated with Mathew Moore, who has a history of not paying appraisers. There have been numerous articles and comments on this operation.
Appraisers have the upper hand when dealing with clients. There are tools and resources we have at our disposable to check a companies history and with our peers. We all need to take advantage of them.
First, check to make sure the company is properly registered or licensed to conduct business in your state. If they are not licensed, no need to go further, decline to work for any company not properly registered or licensed.You have no recourse if something goes wrong.
Second, search the appraiser groups on Facebook for posts concerning the company. There are many comments, both positive and negative within these groups. They can be helpful in deciding who to conduct business with. If no results, ask the groups. You will get responses.
Thank You For Being Part of VaCAP!