Posts Tagged: appraisal management companies

Valuation Management Group Discusses Properties with Highest & Best Use Issues

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Valuation Management Group (VMG) often receives appraisal orders for properties that are located within transitioning markets, where commercial development is sprawling into residential areas. Whether the subject property is land or an existing residential structure, the appraisal concept of HBU determination becomes crucial in this type of valuation. Highest and best use (HBU) is defined… Read more »

Valuation Management Group Discusses Property Rights

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Valuation Management Group often receives questions from clients about values that are reported as having either leased fee or fee simple property rights. These questions can come up during the ordering of appraisal services or during the appraisal report review process.  What is the difference between these two technical terms? Quite simply, fee simple property… Read more »

Young Adults Interested In Real Estate

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As the President of Valuation Management Group, I have had the opportunity to speak to many different audiences in my 24 year real estate appraisal career. I recently had the opportunity to share my experience and thoughts about the appraisal industry with a unique group of young adults. The audience was high school seniors at… Read more »

Fannie Mae Second Webinar Maximum Capacity Attendance

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Valuation Management Group co hosted with Fannie Mae a second webinar; Fannie Mae Update, Collateral Polity and Technology Guidance for Appraisers. Julie Jones and Jeremy Staudenmaier, credit risk analysts for Fannie Mae were the presenters. They successfully achieved the goal for residential real estate appraisers to obtain a better understanding of Fannie Mae’s mission, to… Read more »

Valuation Management Group’s Appraisal Appeal Suggestions

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Valuation Management Group strives to keep its clients and appraisers informed about best practices in the real estate appraisal arena. An often asked question is, “What is the best way to handle a request for appraisal reconsideration or appraisal appeal?” Best practice begins with putting the request in writing. VMG utilizes a form titled Request… Read more »

Valuation Management Group to Co-Host Fannie Mae Webinar

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Valuation Management Group is proud to announce we will be co-hosting a Fannie Mae Webinar for appraisers about Collateral Underwriter. The goal of the webinar is for appraisers to gain a better understanding of Fannie Mae’s mission, to dispel common appraisal myths and to improve communication. Julie Jones and Jeremy Staudenmaier, Fannie Mae Credit Risk… Read more »

Extraordinary Assumptions in an Appraisal Report by Valuation Management Group

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Valuation Management Group serves as an appraisal management services company dealing with many unique appraisal issues and methodologies. As our quality assurance appraisal reviewers notice areas of interest, we strive to share these points of interest with our clients and appraisers to keep everyone informed. The Uniform Standards of Professional Appraisal Practice (USPAP) state in… Read more »

A Few Observations of Items That May Lower a Home’s Value

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Valuation Management Group as part of our appraisal management services strives to write on subjects of interest to our clients, their borrowers and appraisers. Usually the discussions are about what can be done to increase a home’s value, but there are many items that can decrease a home’s value. Our list is not all inclusive… Read more »

Caution Before You Open That Email

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Valuation Management Group recently held staff training on cyber security. The risky emails of recent appear to be more legitimate therefore making additional training timely. On average, over 50% of email received is spam based on Kaspersky statistics report Q1 2016. The United States is leading the way as the largest country/source of spam, producing… Read more »

Valuation Management Group Discusses the Proposed Changes for the 2018-19 Edition of USPAP

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The Uniform Standards of Professional Appraisal Practice (USPAP) can be considered the quality control standards applicable for real property, personal property, intangible assets, and business valuation appraisal analysis and reports in the United States and its territories. The Appraisal Standards Board (ASB) develops, interprets and amends the USPAP and, as such, is currently considering changes… Read more »