Press Room

Appraiser Independence / Appraisal Management Services

Posted Filed under Blog.

Valuation Management Group (VMG) was established 10 years ago with the primary goal of offering appraisal management services that would create an environment of true appraiser independence and quality appraisal reports for financial institutions. Our nationwide vetted appraiser panel is monitored for updated license, errors and omissions insurance and infractions through the appraisal subcommittee.  Upon… Read more »

Appraisal Review – Competency and Proficiency

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The Uniform Standards of Professional Appraisal Practice (USPAP) defines appraisal review as “the act or process of developing and communicating an opinion about the quality of another appraiser’s work that was performed as part of an appraisal or appraisal review assignment.” Dave Maul, MAI, a Commercial Quality Assurance Reviewer at Valuation Management Group, recently attended… Read more »

National Association of Professional Mortgage Women –NAPMW

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The NAPMW was established 52 years ago with the purpose of providing an organization to promote women in mortgage lending professions. Recently, the annual educational meeting was held in Las Vegas. Vicky Thompson, VMG CEO and a member of the NAPMW since 1995, attended the event. The association had a number of motivational and educational… Read more »

FannieMae & FreddieMac Announce the Joint Creation of Standardized Condominium Project Questionnaires

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Valuation Management Group (VMG) is pleased to share a joint bulletin recently issued by FannieMae and FreddieMac (the GSE’s) introducing their Standardized Condominium Project Questionnaires. The GSE’s require lenders to determine the eligibility of a condominium project when the mortgage loan will be secured by a unit within a condominium project. This involves obtaining a… Read more »

Appraisal Institute’s Review Case Studies-General Course

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Valuation Management Group’s Vice President of Commercial Quality Control, Shannon Reyome, recently attended the Appraisal Institute’s Review Case Studies-General course in Atlanta, Georgia. This class is required as a part of the Appraisal Institute’s AI-GRS designation program. The AI-GRS designation represents advanced appraisal review knowledge and stands for years of proven, real-life real estate appraisal… Read more »

Tips for Appraisal Appeal

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Valuation Management Group is happy spring is here! Spring is typically the season when sellers get busy listing their property and buyers get busy looking for a new home.  As the real estate purchase activity increases, there may be concern that the appraised value will not meet or exceed the contracted purchase price.  This is… Read more »

Georgia Real Estate Fraud Prevention and Awareness Coalition Educational Conference

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Two of Valuation Management Group’s executives, Natalie Thompson, VP, and Vicky Thompson, CEO, recently attended the 12th annual education conference of the Georgia Real Estate Fraud Prevention and Awareness Coalition, known as GREFPAC.  When GREFPAC was founded, they were spreading the message that “Mortgage fraud is not just a white collar crime issue showing up… Read more »

FHA Updates with New Electronic Appraisal Delivery (EAD) portal

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The Federal Housing Administration (FHA) announced last year in Mortgagee Letter 2015-08 the implementation of the new Electronic Appraisal Delivery (EAD) portal.  The technology is similar to what is currently in place with Fannie Mae and Freddie Mac’s Uniform Collateral Data Portal (UCDP), including utilizing Veros as the technology provider. The EAD portal is built… Read more »

FDIC Conference Announcement

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Valuation Management Group wants to ensure our clients are aware of a recent Federal Deposit Insurance Corporation (FDIC) announcement in which the FDIC stated it will bring together community bankers, regulators, researchers, and other stakeholders for a conference on community banking on April 6 in Arlington, Va. As part of the FDIC’s Community Banking Initiative,… Read more »

How Appraisal Fees Are Determined On Complex Properties

Posted Filed under Blog.

Appraisers are licensed, trained professionals whose fees are determined by the scope of work and the complexity of the appraisal assignment. The more complex the property, the more time the appraiser must employ inspecting, researching, and developing their opinion of value which must  be presented in a well written appraisal report. Valuation Management Group requires… Read more »