Posts Categorized: Blog

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 »

Valuation Management Group, Appraisal Management Services in Fifty States

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Valuation Management Group is glad to announce appraisal management registration in Kansas, Montana, Nebraska, South Dakota, Vermont, and Wyoming. The addition of these states allows Valuation Management Group to offer commercial and residential appraisal management services and appraisal reviews in all fifty states. Only a minimal number of appraisal management companies are truly national. Currently… Read more »

Final Dodd-Frank Diversity Rule

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The six federal agencies issued a final interagency policy statement on establishing joint standards for assessing the diversity policies and practices of the financial institutions they regulate. The Policy Statement became effective with its publication in the Federal Register on June 10, 2015. The Federal Reserve Board, Consumer Financial Protection Bureau, Federal Deposit Insurance Corporation,… Read more »

Valuation Management Group Recent Promotions

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Valuation Management Group, a national appraisal management services company, has announced recent promotions. Vicky Thompson, President/CEO, states, “Our team at Valuation Management Group is strategically positioning ourselves for continued growth in 2015 and beyond. Our employees have been the key to our success. Our core belief, that our clients are our reason for being in… Read more »

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… Read more »

Appraiser and Appraisal Management Company Fees

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When it comes to fees and the issue of transparency, all appraisal management company operating models are not equal. While there are variations, appraisal management companies 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…. Read more »

Reasonable and Customary Appraisal Fees

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Valuation Management Group is a national appraisal management company that has always paid appraisers on a cost-plus model. Vicky Thompson, the founder of VMG, is an appraiser herself and believes in a timely and fair fee for appraisers. Many appraisal management companies charge the financial institution an appraisal fee and then proceed to find the… Read more »

Valuation Management Group Shares USDA News

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Valuation Management Group’s Quality Assurance Department wants to share positive changes to USDA guidelines. On May 14, 2015 the USDA has announced three technical clarifications to Chapter 12 of the 3555 Guaranteed Loan Technical Handbook in regards to property and appraisal requirements. The handbook will be updated and provide clarifications which are noted to be… Read more »

SBA’s Revised Policies for Special Purpose Properties

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May 1, 2015 was the effective date of the U.S. Small Business Administration’s revised appraisal policies involving special-purpose properties that typically include a component of value attributable to going concern or intangible business value. The SBA removed requirements for appraisers to have business valuation credentials (prior version required the ASA designation). While we at Valuation… Read more »

TRID & Appraisals – Advice from Valuation Management Group

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Effective August 1, 2015 under the new TRID (TILA-RESPA Integrated Disclosure) regulations, variances in the cost of appraisals will no longer fall into the 10% tolerance bucket, and only if a valid changed circumstance occurs can the cost of an appraisal to the borrower exceed what was disclosed on the Loan Estimate (LE). By habit,… Read more »