Appraisal Subcommittee

What Appraisal Subcommittee does

The Appraisal Subcommittee (ASC) is a federal agency that provides federal oversight of State Appraiser and Appraisal Management Company (AMC) regulatory programs across all 50 U.S. states, the District of Columbia, Puerto Rico, Guam, the Virgin Islands, and the Northern Mariana Islands. Established in 1989 under Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) and expanded by the Dodd-Frank Act in 2010, ASC operates as a subcommittee of the Federal Financial Institutions Examination Council (FFIEC). Its core products are the National Appraiser Registry and the National AMC Registry, supported by an Appraisal Complaint National Hotline, State Appraiser and AMC Compliance Review programs, a Public Records repository, and two grant programs — State Support Grants and Appraisal Foundation Grants. The underlying technology is federal government regulatory IT infrastructure delivered through a secure .gov website platform (asc.gov), enabling nationwide credential verification and state compliance monitoring.

ASC does not operate as a commercial enterprise. It is funded through congressional appropriations as part of the FFIEC budget and collects registry fees transmitted by states; it charges no direct fees to regulated entities for its oversight services. Its primary customer segments are State Appraiser Regulatory Agencies and Appraisal Management Companies (AMCs), with Real Estate Appraisers and Federal Financial Institutions as secondary stakeholders. ASC's primary strategic partners are FFIEC (its parent council), The Appraisal Foundation (USPAP standards body, grant recipient), State Appraiser Regulatory Agencies (grantees and compliance subjects), and supporting bodies such as the Appraiser Qualifications Board (AQB) and the Appraisal Advisory Realtors Organization (AARO). Headquartered at 1325 G Street NW, Suite 500, Washington, DC, ASC's competitive position is defined by exclusive federal statutory authority — no other entity can perform its Title XI oversight function or maintain its national registries.

Name

Appraisal Subcommittee

Legal name

Appraisal Subcommittee

Website

https://asc.gov

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

11–50 employees

Short description

The Appraisal Subcommittee (ASC) is a federal agency that oversees State Appraiser and Appraisal Management Company regulatory programs nationwide under Title XI, maintaining the National Appraiser and AMC Registries and funding state compliance through grants and appropriations.

Ownership category

akta.pro rank

Product category

Financial Regulatory Services

NAICS

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors (92615), Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors (926150)

akta.pro primary industry

Governance & Board Effectiveness Advisory (BPAHAFAC)

akta.pro secondary industries

Real Estate Valuation & Appraisal Advisory (FSAEAJAI), Property Valuation: Appraisal Management (AMC) & Appraiser Networks (FSALALAI)

Keywords

• Appraisal regulatory oversight
• Real estate appraiser credentials
• AMC national registry
• Federal financial regulation
• State compliance monitoring

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure

Revenue model

1. Federal Appropriations: ASC is a federal agency funded through congressional appropriations as part of the Federal Financial Institutions Examination Council (FFIEC) budget. ASC does not generate commercial revenue.

Distribution channels3 records

Marketing channels5 records

Core offering

The Appraisal Subcommittee provides federal oversight of State Appraiser and Appraisal Management Company (AMC) regulatory programs under Title XI of FIRREA. Its core offerings include two national registries (Appraiser Registry and AMC Registry) used to verify credentials and registration status, a national complaint hotline for appraisal independence issues, state compliance review programs for both appraisers and AMCs, and grant programs (State Support Grants and Appraisal Foundation Grants) to fund Title XI compliance activities.

Product overview

The Appraisal Subcommittee (ASC) operates a suite of regulatory oversight products and services for the real estate appraisal industry. The core offerings include two National Registries—the Appraiser Registry and the AMC Registry—which track certified/licensed appraisers and registered Appraisal Management Companies eligible for federally related transactions. Supporting services include the Appraisal Complaint National Hotline for USPAP compliance referrals, State Compliance Review programs for both appraiser and AMC programs, and grant programs (State Support Grants and Appraisal Foundation Grants) to fund Title XI compliance. The organization also maintains a Public Records document repository. These products work together to provide federal oversight of State Appraiser and AMC regulatory programs as required by Title XI of FIRREA.

Differentiator

Problem solved

Functional benefit

Products and services

• National Appraiser Registry National registry maintained by ASC that tracks State Certified or Licensed Appraisers. Contains information on appraiser credentials, registration status, state certifications, and eligibility for federally related transactions. Used by state regulatory agencies, lenders, and the public to verify appraiser credentials nationwide.
• National AMC Registry National registry for Appraisal Management Companies (AMCs) operating in connection with federally related transactions. Tracks AMC registration status, state registrations, and compliance with Title XI requirements. Used to verify AMC eligibility for federally related appraisal management work.
• Appraisal Complaint National Hotline National hotline service that provides referrals to appropriate State and Federal agencies for complaints about appraisal independence or compliance with USPAP (Uniform Standards of Professional Appraisal Practice). Available to consumers, appraisers, and other stakeholders with appraisal-related concerns.
• State Appraiser Compliance Review ASC monitoring and review program for State Regulatory Programs for appraisers, assessing state compliance with Title XI requirements. Documents state program effectiveness in appraiser credentialing and publishes findings publicly.
• State AMC Compliance Review ASC monitoring and review program for State Regulatory Programs for Appraisal Management Companies, assessing state compliance with AMC supervision requirements under Title XI.
• State Support Grants Grant program authorized by ASC to provide financial support to states for Title XI compliance activities, including appraiser and AMC regulatory program implementation.
• Appraisal Foundation Grants Grant funding to the Appraisal Foundation to support appraisal standards, qualifications, and professional development consistent with Title XI.
• Public Records Online repository of ASC public documents including advisory committee documents, annual reports, board documents, correspondence, policy guidance, state compliance reviews, and statute regulations.

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and supporting.

• Appraisal FoundationcoreStrategic or Co-development Partner · 20 October 2020The Appraisal Foundation (TAF) receives grant funding from ASC for appraisal standards development and training. ASC issued Notice of Funding Availability (NOFA) for FY21-23 to The Appraisal Foundation. TAF develops the Uniform Standards of Professional Appraisal Practice (USPAP).
• Appraisal Advisory Realtors Organization (AARO)supportingStrategic or Co-development Partner · 23 March 2020AARO collaborated with TAF and ASC on COVID-19 guidance for appraisal and AMC programs during the pandemic outbreak. Joint guidance issued to states regarding program flexibility during the health emergency.
• Federal Financial Institutions Examination Council (FFIEC)coreStrategic or Co-development PartnerASC is a subcommittee of the FFIEC, which is the parent regulatory body. FFIEC provides administrative support and approval for certain ASC actions including temporary waiver extensions. FFIEC member agencies include the Fed, FDIC, OCC, NCUA, and CFPB.
• State Appraiser Regulatory AgenciescoreStrategic or Co-development PartnerASC provides oversight and grant funding to state agencies responsible for appraiser licensing/certification and AMC registration. States transmit registry fees to ASC and submit to compliance reviews. ASC monitors State Regulatory Programs for Appraisers and AMCs.
• Appraiser Qualifications Board (AQB)supportingStrategic or Co-development PartnerAQB is a board of The Appraisal Foundation that sets minimum qualifications for appraisers. AQB corresponded with ASC during COVID-19 regarding exam validity timeframes and continuing education requirements for appraisers.

Scale indicators2 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Consumer Financial Protection Bureau (CFPB): Federal consumer financial protection agency and FFIEC member. Comparable as a federal regulator enforcing standards (including ECOA and appraisal-related consumer protections) that interact with ASC's Title XI framework.
• National Credit Union Administration (NCUA): Federal credit union regulator and FFIEC member agency. Comparable as a fellow FFIEC constituent with shared authority over federally related transactions and appraisal compliance.
• Federal Deposit Insurance Corporation (FDIC): Federal banking regulator and FFIEC member agency. Comparable as a sister federal regulator with parallel oversight authority over state-chartered institutions and appraisal compliance for federally related transactions.
• Federal Reserve Board (FRB): Central bank and FFIEC member agency. Comparable as a parent-level federal financial regulator with overlapping jurisdiction over appraisal compliance for state member banks.
• Office of the Comptroller of the Currency (OCC): Federal banking regulator and FFIEC member agency. Directly comparable as a fellow FFIEC constituent performing federal oversight of financial institutions and the appraisal process for federally related transactions.
• Federal Financial Institutions Examination Council (FFIEC): ASC's parent council comprising the Fed, FDIC, OCC, NCUA, and CFPB. Comparable as the overarching interagency body that administers ASC and provides its federal authority and funding channel.
• Federal Housing Finance Agency (FHFA): Federal regulator of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. Highly comparable as a federal housing-finance regulator whose supervision overlaps with ASC's oversight of appraisals for federally related transactions.

Regional players

• New York State Department of Financial Services (NYDFS): State-level financial regulator with broad banking and appraisal supervision authority. Comparable as a state-government regulator counterpart that interfaces with ASC's state compliance reviews.
• California Bureau of Real Estate Appraisers: California state appraiser licensing and regulatory agency. Comparable as a state-level appraiser regulator directly overseen by ASC under Title XI, illustrating the state-agency tier of the federal-state oversight chain.

Direct peers

• The Appraisal Foundation (TAF): Congressionally authorized standards-setter for the appraisal profession (USPAP, AQB, ASB). Directly comparable as the private-sector counterpart that develops the appraisal standards ASC enforces federally.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ascgov
• YouTubeyoutube.com/channel/UCGm2ZDKmZxhrHVni85T1dEg
• Facebookfacebook.com/appraisalsubcommittee
• LinkedInlinkedin.com/company/appraisal-subcommittee

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Appraisal Subcommittee