PRESS RELEASE – FOR IMMEDIATE RELEASE
January 30, 2013
ATLANTA, GA—Valuation Management Group (VMG), a leading, national appraisal management company, announced today that it has been endorsed by the Alabama Bankers Association (ABA). ABA selected Valuation Management Group as an Endorsed Service Provider.
Alabama Banking Services promotes that “the most important objective of this endorsement is to connect our member banks with the very best banking services and products available in the marketplace today.”
“Our team of appraisal experts has truly streamlined the appraisal process. VMG offers ABA member banks a solution for appraisal independence and quality reviews of the appraisals at little or no cost to the bank. We strive to give exceptional customer service,” said VMG President and CEO Vicky Thompson.
Alabama Banking Services carries out extensive due-diligence before selecting a company as an Endorsed Service Provider (ESP). Each provider is chosen by a panel of Alabama bankers after reviewing an extensive evaluation. In addition, Alabama Banking Services may also evaluate a competitive proposal, customer survey, financial analysis, formal presentation, savings proposal and/or marketing proposal to fully understand the services and value of the potential ESP.
Rob Finney, Alabama Banking Services Chairman, said “As we researched potential companies to endorse, one of the things that impressed us the most with VMG was the high level of expertise among its employees.”
VMG handles the entire appraisal process including approving the appraisers, managing the appraiser panel, overseeing the bid process on commercial and complex residential assignments, engaging appraisers, managing accounting services and payment of appraisers, and performing a robust technical review on each order. The company offers a turnkey approach to appraisal management, taking the appraisal process from ordinary to extraordinary.
About Valuation Management Group
Valuation Management Group is a leading national appraisal management company. Since its inception in 2006, VMG has offered customized appraisal management solutions to community banks, mortgage bankers and investors that ensure appraiser independence and quality residential and commercial appraisals. Due to strong client satisfaction and high growth, Inc. Magazine ranked VMG 29th on its 2012 Inc. 500 list, an exclusive ranking of the nation’s fastest-growing private companies. The Atlanta Business Chronicle named VMG as a 2012 Pacesetter on its annual list, ranking 14th. VMG is a leading outsourcing solution in the real estate industry.