Reasonable and Customary Appraisal Fees

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Valuation Management Group is a national appraisal management company that has always paid appraisers on a cost-plus model. Vicky Thompson, the founder of VMG, is an appraiser herself and believes in a timely and fair fee for appraisers.

Many appraisal management companies charge the financial institution an appraisal fee and then proceed to find the cheapest appraiser. Many times the cheapest fee results in substandard appraisals.

Valuation Management Group wants to assure our clients and potential clients that we will continue to monitor state appraisal fees and recommend reasonable and customary fees. For complex properties, we prefer to place the appraisal out for bid to the local qualified appraisers to ensure a fair fee. Our model will always be based on a cost-plus model, as we believe in transparency.

At VMG, we pay the appraisers on a timely schedule and offer ACH payments to the appraiser’s bank account to ensure they receive the funds as quickly as possible.

Our appraisal management services also relieve our clients of the time consuming task of handling the payment of appraisers and preparing and sending 1099’s at year end. VMG clients often share that we save their accounting departments days of time each month.

Valuation Management Group is a national, full service appraisal management company that manages the appraisal process for community banks, mortgage bankers and credit unions. We offer the full array of commercial and residential appraisal products and services. We take the appraisal process from ordinary to extraordinary.

 

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