It’s Important that Borrowers Understand the Appraisal Process

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At Valuation Management Group, an appraisal management services company, we often hear apprehension and confusion from our clients’ borrowers with regard to the appraisal process. We want to consistently be a resource for our clients, prospective clients, appraisers and the general public.

There is a great resource published by the Appraisal Foundation for potential and current homeowners to assist in their understanding of the appraisal process. It is called, “A Guide To Understanding Residential Appraisals.” To view the guide, please click here. We would suggest that financial institutions utilize this appraisal services guide to help their borrowers gain general appraisal knowledge and have accurate expectations.

The Appraisal Foundation is a congressionally authorized non-profit organization established in 1987. They are dedicated to the advancement of professional valuation. They have put good information into the appraisal guide and made it easy for consumers to understand.

Valuation Management Group is a national, full service appraisal management company that manages the appraisal process for community banks, mortgage bankers and credit unions. We offer the full array of commercial and residential appraisal products and services. We take the appraisal process from ordinary to extraordinary.

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