Posts Tagged: Real Estate Appraisal

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, CEO, Vicky Thompson, Discusses the Impact on the Value of a Home with a Swimming Pool

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It’s summer time, and most people relish the idea of lounging at the swimming pool. It is a fun way to entertain and play with the children.  Yet, often questions arise – is it wise to invest in a swimming pool? Will adding the pool increase the value of my home? Will the pool make… Read more »

Real Estate Appraisal Reviewer Experience and Knowledge

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Interagency Appraisal and Evaluation Guidelines clearly state that appraisals must be reviewed to ensure they comply with appraisal regulations. The review process should assess the reasonableness of the appraisal including valuation methods, assumptions, data sources users, and that the entire report is well supported. The reviewer should be independent and have the appropriate education and… 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 »

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 »

To Text or Not to Text: Keeping a Personal Touch

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Valuation Management Group received a recent call from one of our clients expressing concern that their borrower was contacted by the appraiser via a text message and not with a phone call. The client’s concern was that a phone call should have been made first, as a text message was perceived by their client as… Read more »

Valuation Management Group CEO Recognized as One of the Top 40 Influential Women in Housing

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Valuation Management Group, a national appraisal management company, is proud to announce that CEO Vicky Thompson has been recognized as one of the top 40 most influential women in housing by HousingWire. HousingWire Magazine releases an annual Women of Influence list recognizing 40 women who represent every part of the housing economy, from lenders and… Read more »

Tips for Residential Appraisal Reviews

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We are very pleased that residential lending is increasing. With this good news we want to remind lenders to establish and maintain policies on appraisal review that ensure compliance with Dodd Frank, Interagency Appraisal and Evaluation Guidelines, and Fannie Mae/Freddie Mac guidance. Many of these laws and guidance policies were established after concerns were raised… Read more »

Compliant Appraisal Management and Review Process – Part I

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As a full service national appraisal management company, Valuation Management Group selects and engages the appraiser, provides compliant quality technical appraisal reviews, ensures appraisal compliance, improves efficiency, and can reduce expense for a financial institution. VMG is presenting a three part blog series to provide a better understanding of appraisal management services and appraisal compliance…. Read more »

Valuation Management Group Enhances Website

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Valuation Management Group (VMG) would like to share with you enhancements made to our website that will benefit our client and appraiser partners. As a residential and commercial appraisal management company, it is important that we have a website that is simple to navigate and offers the most up-to-date information on real estate appraisal news… Read more »