Posts Tagged: Appraisal Management Service

Valuation Management Group Partners With The Mortgage Bankers Association of Georgia to Support Hurricane Harvey Disaster Relief Efforts

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Valuation Management Group is proud to partner with the Mortgage Bankers Association of Georgia (MBAG) to support those impacted by Hurricane Harvey in Texas. Thousands of people’s lives in Texas have been impacted by this catastrophic storm and, as industry leaders, VMG is thankful to be able to utilize our resources to make a greater… Read more »

Valuation Management Group & Fannie Mae Facilitate Successful Webinar

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Recently, Julie Jones, Fannie Mae Credit Risk Analyst, presented a timely and informative webinar on appraisal quality, Collateral Underwriter®, recent policy updates and related topics. Jeremy Staudenmaier facilitated the real-time answers to appraiser’s questions.  We were pleased to have approximately 300 appraisers participating with us. Effective August 19, 2017, Fannie Mae responded to market changes… Read more »

Inside the Review Part 1 – The Technical Review and The Desk Review

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Valuation Management Group offers both residential and commercial Technical Reviews and Desk Reviews. VMG’s clients frequently report to us that our review process allows the appraisal process to be more cost effective for their company, while at the same time increasing efficiency and providing a comfort level that quality and compliance are being handled. There… Read more »

Avoiding Common Revision Requests Associated with the Purchase Contract

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Valuation Management Group strives to keep its clients and appraisers informed about best practices in the real estate appraisal profession. Our goal is to assist appraisers in improving efficiencies. A review of common underwriting requests suggests that a large number of requests are purchase contract related, such as homeowner’s association dues not being reported as… Read more »

Valuation Management Group Discusses Uniform Standards of Professional Appraisal Practice and Value Approaches

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Occasionally, Valuation Management Group will receive an inquiry about the approaches to value and when they are or are not applicable. As most industry participants know, there are three typical approaches to value in an appraisal report:  Cost Approach, Sales Comparison Approach, and Income Approach, summarized as follows: Cost Approach – The current cost of… Read more »

Valuation Management Group Discusses Appraiser Technology Tips

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The real estate market can be demanding for appraisers. As one of the top appraisal management companies working with skilled appraisers, Valuation Management Group would like to help you to get the most efficiency out of your day. Below are some appraisal tools and ideas that might help you streamline your work day: Smartphones allow… Read more »

Valuation Management Group Discusses Appraiser Critical Thinking – Does it Make Sense? Part 2

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One very important service Valuation Management Group provides its client partners is the review of residential and commercial appraisals prepared by independent appraisers. Appraisers must apply critical thinking in the writing of the report and VMG review appraisers must do the same during the review process. Applying critical thinking and asking the question “Does it… Read more »

Valuation Management Group Discusses Appraiser Critical Thinking – Does it Make Sense? Part 1

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One very important service Valuation Management Group provides its client partners is the review of residential and commercial appraisals prepared by independent appraisers. Appraisers must apply critical thinking in the writing of the report and VMG review appraisers must do the same during the review process. Applying critical thinking and asking the question “Does it… Read more »

Valuation Management Group Discusses Properties with Highest & Best Use Issues

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Valuation Management Group (VMG) often receives appraisal orders for properties that are located within transitioning markets, where commercial development is sprawling into residential areas. Whether the subject property is land or an existing residential structure, the appraisal concept of HBU determination becomes crucial in this type of valuation. Highest and best use (HBU) is defined… Read more »

Addressing Renovations and Remodeling in Your Appraisal Report

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Valuation Management Group receives frequent requests from our clients for an appeal of the appraisal because the appraiser may not have completely and thoroughly commented on any renovations or improvements made by the owner.  A common question is ‘did the appraiser consider the $50,000 I spent renovating and remodeling my kitchen/bathroom’. The appraiser should clearly… Read more »