• Best in Class Appraisal Management

    Our commercial staff appraisers average 25 years experience

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  • Over 250 banks trust us

    Find out what makes MountainSeed different

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  • We are experts in commercial appraisals

    One of our key value's is our expertise in commercial properties. Because of this we maintain full-time appraisal review staff that average 25 years experience appraising property. In fact, many of our staff appraisers hold the most prestigious industry designations and have even sat on state appraisal boards and worked at banks.

    The benefit our clients get is the ability to have greater experience than they would with their own staff. For many of our clients they are able to tap into not only the years of experience of our staff, but also product type specialists. Because of all this you can feel confident that your appraisals are being reviewed by appraisers that really know what they are doing, and your appraisers feel good about working with an AMC that has qualified, competent and experienced reviewers.

  • You have an internal team, but just need help with overflow

    We bring expertise and availability to your internal staff. We maintain staff appraisers that have expertise in a variety of product types, and appraisal types giving you an outlet when you would like a different set of eyes on an appraisal.

    Managing the workload of an appraisal review staff is difficult. You either have too many people and your team isn't fully utilized, or you have too few and your team is overworked. You may find benefit in using MountainSeed to bridge the gap in your staff utilization to make sure that you have the perfect balance of production.

  • I do reviews but I’m not an appraiser.

    If your bank’s in-house appraisal reviewer is overwhelmed. She has other underwriting and risk-management responsibilities, she doesn’t have any formal appraisal training, and she simply can’t keep up with it all. On top of that, we’ve heard that federal regulations may require appraisal reviewers to have minimum levels of expertise, experience and education.

    Instead of investing overhead in hiring permanent, additional staff, partner with MountainSeed Appraisal Management. Let us take the pressure off by coordinating appraisal reviews performed by licensed review appraisers, whether or not you order the appraisal through us or use us to manage the process.

  • You need help with appraisal independence.

    My bank is rethinking our approach to the appraisal management process in light of the new regulatory environment. I like the idea of involving an independent third party appraisal management service to manage a significant portion of our valuation process, including ordering appraisals, managing the process, and reviewing the appraiser’s work product. But I don’t understand how that would fit into our current process and lending policy.

    Let MountainSeed share with you how we’ve successfully partnered with institutions like yours. MountainSeed Appraisal Management was originally born out of MountainSeed Advisors, a bank-advisory and -consulting firm. While we’ve developed an expertise in appraisal management, we’ve kept our advisory roots. We understand the regulations and can work with you to develop custom processes that solve business needs.

  • Do the regulations say we HAVE to use an appraisal management company?

    The regulations are so dense that I feel paralyzed. I’ve just been handed responsibility for my bank’s collateral valuation department, but I don’t know where to start. I know the process is supposed to be independent, but does that mean that I have to hire an appraisal management company? I heard that even if I hire an appraisal management company, I’m ultimately responsible for compliance. I've read some guidance, and I've picked up bits and pieces from conferences or compliance forums, but I need to see the big picture before I can make an informed decision.

    We want you to hire us, but not out of fear. Here’s a fact. It doesn’t matter who you are or what your lending profile looks like. Appraisal Management Companies aren't a requirement for compliance. We’re not a law firm, but our in-house compliance team works hard to stay on top of regulatory developments. Members of our leadership team often write and present to national audiences on appraisal and valuation-related regulation. Before you move forward -- whether you ultimately hire us, use another appraisal management company, or handle everything internally – give us a chance to show you how we see it all fitting together. You’ll make a better decision if you understand the current regulatory landscape, and we’re here to help.


Percentage of our staff with greater than 25 years of appraisal experience


Percentage of U.S. states we perform work


Percentage or our orders that are commercial.

How do we work?

Over the years we have served over 300 community and regional banks and credit unions in their appraisal management and review process. We have been successful working with them because we are different than nearly every other Appraisal Management Company in the country. First, the majority of AMC's serve only residential mortgage lenders and because of this they purport to handle both commercial and residential appraisals, but when you dig in you will find that nearly 100% of their volume comes from residential loans, and they don't have any full time staff that are certified general appraisers that are licensed to do commercial appraisals. At MountainSeed, 100% of our commercial orders are completed by certified general appraisers and our average staff member has been appraising property for 25 years.

Commercial Appraisals

Residential Appraisals

Complex Assignments


What is our process?


Login to our online, appraisal management portal.


Conveniently place your companies appraisal orders right from our online portal

Process Management

Let us manage the bidding and assignment of appraisal orders to appraisers on YOUR PANEL. Stay as involved as you want to be.

Updates & Tracking

View the progress of the order and communicate with us through our online platform.

Quality Control

All of our commercial appraisal reviews and residential appraisal reviews are done by licensed or certified general appraisers.

Appraisal Scorecard

Monitor the performance of your panel appraisers with our appraiser scorecards. Scores are based on quality, communication and time. And the process is transparent. Appraisers have access to their scores.

Timely Delivery

Take comfort in the fact that we almost always hit deadlines.

Dispute Resolution

Issues with an appraisal? Take advantage of our established dispute resolution process.

Ongoing Support

Questions? Just ask us. We’re not a lawfirm but our dedicated compliance team immerses themselves in appraisal regulation and process issues. We’re always happy to share our thoughts.

Ongoing Feedback Loop

If we’re not adding value, you can leave. Our service has no minimum order volumes. When our clients offer feedback, we listen. And we regularly survey our clients in an effort to deepen our understanding of their changing needs.

Why do we do what we do?

Our purpose is to provide opportunity, hope, and freedom and create awareness and belief in our God given unique abilities.

What is an appraisal management company?

In short, we help lenders order and review appraisals. But that’s not all…

We pride ourselves on being different than many of the  appraisal management companies out there, but there are some basic fundamentals that define our the appraisal management industry.

  • Bank focused
    • We have served over 300 banks and credit unions
  • Commercial Expertise
    • While we do residential appraisal management and review, we are unique in our expertise in commercial. In fact, our staff averages 25 years experience in appraising commercial properties and has dealt with nearly every type of commercial appraisal.
  • Regulatory focus
    • We have worked with our clients in dealing with regulatory issues and helped them successfully navigate the appraisal portion of their exams






Appraisal Management Companies journey

MountainSeed Appraisal Management, LLC is the result of a long-time business partnership between David Green and Carl Streck. David and Carl have owned, developed and managed real estate, and run a successful bank-advisory business. Several years ago, a community-bank advisory client asked for help with their appraisal process. David and Carl took on the challenge. From that single assignment, MountainSeed Appraisal Management, LLC has emerged as a distinct, thriving company within the MountainSeed family.

Today Carl and David are grateful to have a place that is widely seen as the best appraisal management company to work for and one of the best appraisal management companies overall.

we started

Where we
are today













August 9, 1989

President George H. W. Bush signs into law the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA)

March 22, 2005

Agencies issue Frequently Asked Questions on the Appraisal Regulations and the Interagency Statement on Independent Appraisal and Evaluation Functions.

September 8, 2005

Agencies issue Residential Tract Development Lending Frequently Asked Questions.


David Green and Carl Streck form Trinity Development Group.

March 2007

Carl and David lead Trinity’s successful research and advisory effort, assisting Private Equity in understanding the pending distress in the residential and commercial mortgage markets.

September 2007

Carl and David form a partnership with Angelo, Gordon & Co. to purchase distressed residential developments from banks.

October 2008

Trinity begins consulting with some of the largest financial institutions and equity funds to assist them in acquiring banks in the US.

November 19, 2008

Agencies publish for comment the Proposed Interagency Appraisal and Evaluation Guidelines.


Advisory clients request Trinity’s insight into the appraisal process.


MountainSeed is born.

July 21, 2010

President Barack Obama signs into law the Dodd–Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank).

October 15, 2010

The Federal Housing Finance Agency’s Appraisal Independence Requirements (AIR) go into effect to replace the Home Valuation Code of Conduct (HVCC) for loans sold to Fannie Mae and Freddie Mac.

October 28, 2010

Board of Governors of the Federal Reserve System (Fed) publishes the Interim Final Rule implementing Dodd Frank’s new appraisal independence requirements in Section 129E of the Truth in Lending Act (TILA) [compliance mandated after April 1, 2011]

November 2010

FHFA publishes Appraiser Independence Requirements Frequently Asked Questions to provide additional clarification on implementation of AIR.

December 10, 2010

Agencies issue final Interagency Appraisal and Evaluation Guidelines.

December 2011

MountainSeed begins working closely with the state banking associations and is endorsed by the Virginia Bankers Association.

March 2012

MountainSeed moves its offices to new space to Atlanta’s Galleria Center.

January 18, 2013

In response to provisions in Dodd-Frank, agencies issue their final rule on Appraisals for Higher Priced Mortgage Loans.

January 18, 2013

In response to provisions in Dodd-Frank, the Bureau of Consumer Financial Protection (CFPB) issues its final rule on Disclosure and Delivery Requirements for Copies of Appraisals and Other Written Valuations Under the Equal Credit Opportunity Act (Regulation B).

April 20, 2013

MountainSeed Named 12th fastest growing

MountainSeed Appraisal Management named the 12th fastest growing company at the Atlanta Business Chronicles annual Pacesetter Awards.

September 29, 2013

MountainSeed Named one of the Best Places to Work in Atlanta

MountainSeed Appraisal Management was named the 29th Best Place to Work in Atlanta by the Atlanta Business Chronicle!
Nathan C. Brown

Nathan C. Brown


Nathan Brown is the Chief Operating Officer of MountainSeed Advisors, LLC and MountainSeed Appraisal Management, LLC.  In that role, he collaborates with MountainSeed’s co-founders, David Green and Carl Streck, in developing and executing the vision and goals of the organization.  Nathan leads MountainSeed’s core teams, including the sales, operations, technology, government-relations and compliance functions, and often assumes key roles in the development and implementation of new products and services.  Previously, Nathan served as MountainSeed’s Chief Legal Officer.  Prior to joining MountainSeed, Nathan practiced law at Seyfarth Shaw LLP, a large national law firm.  There, he served as MountainSeed’s first outside counsel and worked with David and Carl to organize the companies and structure the initial round of financing.

Nathan frequently writes and speaks on regulatory and real-estate valuation issues. He has recently published several articles in national publications, including American Banker. And he is often published in state bankers association publications. He has been invited to speak at numerous webinars and conferences. Nathan presented on appraisal regulations at the American Banker’s Regulatory Symposium in Washington, D.C. and at the American Bankers Association’s national convention in San Antonio, Texas. He has been quoted in articles related to the valuation industry in national publications, including Mortgage Daily and National Mortgage News.


Walter "Terry" Bowditch

Chief Appraiser

Terry is MountainSeed Appraisal Management's Chief Appraiser and in that role he manages a team of senior review appraisers and oversees MountainSeed's appraisal review functions.

Terry has been a commercial appraiser since 1984. Prior to joining MountainSeed Terry had a successful fee appraisal company, was appointed by 2 governors to state appraisal boards holding the position of Chairman (2002) and Vice Chairman (2008).

David W. Phillips, MAI, SRA

David W. Phillips, MAI, SRA

Senior Review Appraiser

Dave is a Senior Review Appraiser at MountainSeed and manages a staff of commercial and residential review appraisers.

Starting his career in the banking business at Harris Trust & Savings, Dave has been a commercial appraiser since 1972 and  brings over 40 years of real estate valuation experience on all types of property.

Prior to MountainSeed, Dave owned an appraisal business and was responsible for review of staff appraisal reports, business development, administration, and appraisal report production.

Dave also has extensive experience in a variety of commercial property appraisals and in reviewing staff and third party appraisal reports. He also has served as an expert witness in litigation cases for property owners and government agencies.

F. Carl Streck, II

F. Carl Streck, II


Carl Streck is a Co-Founder of MountainSeed Appraisal Management, LLC and MountainSeed Advisors, LLC. He co-founded MountainSeed with David Green. Carl manages new and existing client relationships while directing the strategy and new ideas.  Carl has been the catalyst for MountainSeed’s alliances with some of the world’s leading  institutional investment management firms, leading money center banks, and top 10 hedge funds. The firm’s many ongoing relationships are testimony to his commitment to client success.

Additionally, Carl is fanatic about fostering great relationships with team members, clients, and vendors. Carl's belief that relationships are the reason we wake up in the morning drives his desire to make MountainSeed a great place to work and a great place to be a client.

In his free time Carl is passionate about adoption and foster care, and spends time helping children find "forever families"

Carl lives in Atlanta with his best friend and wife, Anna, their four children and curly, the dog.

David R. Green

David R. Green


David Green is a Co-founder of MountainSeed Advisors, LLC and MountainSeed Appraisal Management, LLC. He directs the research and advisory activities of the firm. He co-founded MountainSeed with Carl Streck. David’s primary responsibilities include developing the firm’s financial models and creating the methodologies to analyze CRE loans, RMBS, CMBS, structured finance products. Additionally, David advises on risk management, and oversees all portfolio reviews. David directs MountainSeed Advisors daily operations and manages the firm’s analysts on all projects. Throughout the entire MountainSeed Advisors project schedule David is hands on with the client to understand their unique needs, and provide the highest possible level of service.

Prior to founding MountainSeed Advisors, David was a co-founder of Trinity Development Group, a real estate investment firm based in Tampa, and Atlanta. David has managed over $200 million of Trinity’s principal’s investments, and handled all aspects of the project level financials that has made Trinity Development a successful, and well respected owner/operator of Real assets throughout the Southeast.


















































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We’re privileged to work with great clients.  Just a sample appear below.


MountainSeed is endorsed by these state banking associations as the exclusive preferred provider of appraisal management services to their members:


MountainSeed employees are active in the following associations and industry groups: