Which term refers to companies that coordinate the activities of appraisal professionals?

The term that refers to companies coordinating the activities of appraisal professionals is appraisal management companies. These organizations play a critical role in the valuation process by acting as intermediaries between lenders and appraisers. Their primary function is to manage the appraisal ordering process, ensuring that appraisals are completed efficiently and in compliance with relevant regulations.

Appraisal management companies help maintain the independence and objectivity of appraisal activities, which is essential in preserving the integrity of property valuation. By outsourcing to these companies, lenders can streamline their operations while fulfilling requirements for unbiased assessments.

In contrast, other options do not specifically fulfill this coordinating role. Real estate firms focus more on buying, selling, and marketing properties; brokerage firms facilitate real estate transactions but do not primarily deal with appraisals; and financial institutions, while they rely on appraisals for lending purposes, do not coordinate activities of appraisers themselves.