Posts Tagged: appraisal management service company

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 »

Valuation Management Group Announces Fannie Mae’s Newsletter for Appraisers

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Valuation Management Group is pleased to inform residential real estate appraisers that Fannie Mae has just released their first newsletter for appraisers. It is titled, Fannie Mae Appraiser Update – Periodic updates for residential appraisers serving Fannie Mae lender customers. Appraisers can view this timely and informative newsletter at in the Newsletter section at https://www.fanniemae.com/singlefamily/appraisers…. Read more »

Valuation Management Group Announces Fannie Mae Selling Guide Announcement SEL-2017-01 – Appraiser Guidance

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Valuation Management Group strives to keep its clients and appraisers informed about best practices in the real estate appraisal arena. On January 31st, 2017, Fannie Mae announced some changes effective immediately. The appraisal changes that were announced involve comparable sales in new projects or subdivisions. Prior requirements stated the appraisal must include at least one… Read more »

Residential & Commercial Appraisal Management Services in All Fifty States

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Valuation Management Group is proud to announce, on its tenth anniversary, that it is one of a limited number of appraisal management companies that provides commercial and residential appraisal services in all fifty states. Joan Trice, CEO/Founder of Clearbox states, “There are over 500 appraisal management companies with less than 30% of them being truly… Read more »

Valuation Management Group Attends Collateral Risk Network Meeting

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Valuation Management Group’s CEO, Vicky Thompson recently attended the Collateral Risk Network meeting in Fort Lauderdale, Florida. Collateral Risk Network (CRN) is a group of dedicated chief appraisers, collateral risk managers, regulators and valuation experts who are focused on resolving the many challenges facing the appraisal profession. CRN is represented by lending institutions, Wall Street,… Read more »

Valuation Management Group Discusses Ordering FHA Finals

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On September 14, 2015, new FHA Guidelines were released and include clarification regarding the form type that is to be used for final inspections. In the past, Valuation Management Group’s clients would order the final using just the 1004D final form, but now there are 2 different forms. The other form is the FHA Compliance… Read more »

Value Scenarios: As Complete vs. Upon Completion

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Valuation Management Group’s Real Estate Appraisal Reviewers often encounter what appears to be a common misunderstanding about which value scenario should be used in handling proposed construction in an appraisal report, the hypothetical “As Complete” value scenario or the prospective “Upon Completion” value scenario. The former is based upon a hypothetical condition that the construction… Read more »

Why Appraisers Should Take That Extra Step When Doing Research

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Valuation Management Group has seen a rise in the number of revisions being made to the comparable sales after the original submission of an appraisal report. Here are a couple of recent examples: Comp Example 1: The photos provided by the appraiser show a home that has a new roof, updated kitchen, updated bathrooms and… Read more »

Common Real Estate Appraisal Omissions/Errors

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Valuation Management Group, working as an appraisal management services partner for banks, credit unions and mortgage brokers, completes appraisal reviews nationwide.  We see many common omissions and/or errors in appraisal reports. We thought it would be helpful for us to share some of the more common errors or omissions that VMG encounters to assist our… Read more »

Home Renovation Cost vs. Value

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Valuation Management Group believes it is important to keep our clients and real estate appraisers informed about real estate trends. As you consult with your customers, this information could be helpful. Which home upgrades result in the cost of the project equaling or exceeding the increase in the market value of the home? REALTORS® in… Read more »