James A. Baumberger, Chief Executive Officer
James A. Baumberger is Chief Executive Officer and minority owner of First Choice Appraisal Management (FCAM). Jim has an outstanding record of providing inspirational leadership as an executive leading appraisal organizations serving the financial services industry. His past positions include Collateral Services Manager for Washington Mutual, Regional Chief Appraiser for Bank of America, Division Appraisal Manager for World Savings, and Mortgage Group Leader for Wachovia Bank.
Jim grew up in Ohio in a real estate family, as the son of a successful appraiser and real estate broker. He was photographing homes, measuring buildings, and attending open houses from an early age through high school. After attending Ohio State University for two years, Jim relocated to Oregon. He later graduated Magna Cum Laude from Concordia University in Portland with a degree in Business Management and Communications.
As a certified residential appraiser, Jim’s 28 years of professional appraisal practice includes valuation services for eminent domain, lending, litigation, marketing, and relocation purposes. In addition, Jim has developed numerous continuing education courses and training seminars. He frequently presents customized training for agents, appraisers, loan originators, processors, and underwriters.
Jim knows how vitally important it is that mortgage lending professionals, agents, and appraisers understand the best ways to ensure compliance with the industry’s far-reaching, ongoing regulatory changes. He served for four years on Oregon’s Appraiser Certification and Licensure Board (ACLB), which is the state’s regulatory agency for appraisers and Appraisal Management Companies. Jim provided executive leadership as the state regulatory Board Chair from 2014 through 2016.
With his compliance knowledge and appraisal expertise, Jim is well-prepared to advise Clients regarding the compliant operation of managed appraisal solutions for mortgage lending. Jim helps appraisers, real estate agents, and mortgage lending professionals understand how to effectively navigate the financial and reputational risks of non-compliance.