Posts By: Keith Morgan

VMG Supports JDRF!

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For several years, Valuation Management Group (VMG) has been closely involved with Juvenile Diabetes Research Foundation (JDRF) to help raise funds for research and help create a world without Type 1 diabetes (T1D). We are proud to once again help with their fund raising efforts! Our company goal is to raise $15,000 in time for… Read more »

Appraiser Independence

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VMG provides an Appraisal Independence Requirement (AIR) certification to our clients for each appraisal assignment we manage. The AIR certification states (among other things) that there was independence in the assignment of the order to the appraiser and that no inappropriate communication relating to or having an impact on valuation between the client, the appraiser… Read more »

Fannie Mae FAQs

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 Part 8 – “Guidelines for Using Market Conditions Addendum to the Appraisal Report (Form 1004MC): Finishing out the series on Fannie Mae FAQs, we are sharing Fannie Mae’s FAQ Attachment – Guidelines for Using Market Conditions Addendum to the Appraisal Report. This 2 page document provides valuable information about the purpose of the addendum and good… Read more »

Fannie Mae Providing Clarity to Upcoming Proprietary January 2015 UCDP Messages

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Starting January 2015, 21 Fannie Mae messages, that were previously warnings, will become hard stops. These new hard stops will lead to an unsuccessful UCDP submission. These messages will require action in order to receive a “successful” submission status in the UCDP. In addition, this December, numerous other Fannie Mae messages which were once implemented… Read more »

Bidding War Tips in a Sizzling Real Estate Market

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The good news is that the residential real estate market is recovering and even becoming “hot” in certain markets. The downside is that we are hearing stories from lenders that they have hundreds of pre-approved borrowers who cannot find a suitable home for which they are qualified to purchase. Improved demands for homes and limited… Read more »

Manufactured or Modular …Is There a Difference? – PART II

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As mentioned in our last article, there is a difference in manufactured homes vs. modular homes. There is also a difference in the details of appraising a manufactured or modular home. While we cannot go into all the differences here, we will mention a few items. A manufactured home must be permanently affixed to an… Read more »

Manufactured or Modular …Is There a Difference? – PART I

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Vicky Thompson, President and CEO of Valuation Management Group, grew up in North Carolina and the first home she purchased was a manufactured home. At the time, they were referred to as “trailers” or “mobile homes.” Manufactured home is the most recent label for what were once called “mobile homes” or “trailers.” They are relatively… Read more »

Quicker Appraiser Payments

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Valuation Management Group offers all appraisers the opportunity to receive payments directly to their bank account, eliminating the need to wait on the postal service and a trip to the bank.  Direct deposit is safe, easy, and so convenient.  It eliminates the possibility of lost, stolen, or forged checks.  Every week we hear from appraisers… Read more »

The Valuation Expo 2014 – PART II

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At the recent Valuation Expo 2014 in Las Vegas, one of the speakers asked the room of 400+ appraisers, “How many of you have read The Real Estate Appraisal and Evaluation Guidelines?” It was interesting that only a small number of hands were raised. There may have been a few that had read the guidelines… Read more »

The Valuation Expo 2014 – PART I

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The Valuation Expo 2014 recently concluded in Las Vegas, Nevada. I have attended the event for many years to take advantage of the excellent appraisal education. The opening session panel consisted of Robert Murphy, Director, Collateral and Valuation Policy for Fannie Mae, Gerald Kifer, Supervisory Appraiser for the Veterans Administration, David Burton, President of the… Read more »