Posts By: Keith Morgan

It Is Time to Ensure Your Financial Institution’s Appraisal Management and Review Process Is Compliant – Part III

Posted by & filed under Blog.

For the third and final part of VMG’s three part blog on better understanding appraisal management and compliance, we will discuss outsourcing of the appraisal management process and the benefits. Click here to read Part I: PART I – Selecting and Engaging the Appraiser or Part II: PART II – Quality Assurance Reviews Part III – A… Read more »

It Is Time to Ensure Your Financial Institution’s Appraisal Management and Review Process Is Compliant – Part II

Posted by & filed under Blog.

Here is the second part of Valuation Management Group’s (VMG) three part blog to provide a better understanding of appraisal management and compliance. In this segment, we will discuss the importance of having compliant quality assurance reviews. Click here to read Part I: Part I – Selecting and Engaging the Appraiser Part II –                                       … Read more »

It Is Time to Ensure Your Financial Institution’s Appraisal Management and Review Process Is Compliant – Part I

Posted by & filed under Blog.

As a full service appraisal management company, Valuation Management Group selects and engages the appraiser, provides compliant quality assurance reviews, ensures appraisal compliance, 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 and compliance. We will begin with selecting… Read more »

Fee Transparency – Appraiser and AMC Fees

Posted by & filed under Blog.

When it comes to fees and the issue of transparency, all AMC operating models are not equal.  While there are variations, AMC’s generally operate under one of two business models – Fluctuating and Cost-Plus. For purposes of this blog, we will be referring to non-complex residential assignments. Transparency signifies openness, communication, and accountability. This is something that… Read more »

Environmental Products Series – Part III

Posted by & filed under Blog.

For the third and final part of VMG’s three part blog on environmental assessments, Dana Spotts, our guest expert, will discuss Phase II Environmental Site Assessments (ESA). Click here to read Part 1: Environmental Checklists or Part 2: Phase I Environmental Site Assessments. PHASE II SITE INVESTIGATION (ASTM E 1903) “Phase II Environmental Site Assessments… Read more »

Environmental Products Series – Part II

Posted by & filed under Blog.

Here is the second part of Valuation Management Group’s (VMG) three part blog on environmental assessments. Once again, we have partnered with Dana Spotts, Principal with Contour Environmental, who will go into detail on Phase I Environmental Site Assessments (ESA). Click here to read Part 1: Environmental Checklists. PHASE I ENVIRONMENTAL SITE ASSESSMENT (ASTM E… Read more »

Environmental Products Series – Part I

Posted by & filed under Blog.

Most clients believe that Valuation Management Group’s (VMG) expertise is limited to residential and commercial appraisals, but did you know that we also offer the full menu of environmental assessment products? This includes Environmental Checklists, Phase I’s and Phase II’s. While many lenders request environmental assessments, not everyone in the lending or servicing business knows… Read more »

Second-Home Sales Are On the Rise

Posted by & filed under Blog.

According to Fannie Mae and the National Association of Realtors (NAR), second or vacation homes – those that are neither investment nor primary residences – represented 13 percent of all purchase transactions in 2013 – an increase of 29.7 percent over 2012. This is the highest market share for second homes since 2006, although still… Read more »

Living in the World of Mortgage Acronyms

Posted by & filed under Blog.

“I submitted the UAD Appraisal Report to the UCDP for the GSE’s and it returned the SSR’s with FNMA Appraisal Findings and UAD warnings”? Have you heard a similar statement recently? Whether you are a bank, credit union, mortgage company employee, or an appraiser, there is a pretty good chance you have heard a similar… Read more »

Tips for Commercial and Residential Appraisal Reviews

Posted by & filed under Blog.

We are pleased that commercial and residential lending are increasing, but 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… Read more »