Pro
Teck Endorses TAVMA's Standards of Good Practice in Appraisal Management
Pro
Teck Valuation Services, a leading real estate valuation and risk solutions
provider, endorses the Title/Appraisal Vendor Management Association's (TAVMA)
Standards of Good Practice in Appraisal
Management
as an important and necessary step in ensuring consistency and quality from
all appraisal management companies (AMCs).
TAVMA has published its standards as a set of guidelines for participants in
the appraisal management industry. The standards outline best practices to
help ensure that AMCs and appraisers deliver quality, objective valuations
to the financial institutions they serve. A .pdf copy of the Standards of
Good Practices in Appraisal Management can be found at:
Topics covered include: supplier recruitment & coordination, appraisal order
assignment, order tracking & workflow management, pre- and post-delivery
quality control, customer service & dispute resolution, and training &
development.
As
a member of TAVMA, Pro Teck was actively involved in the creation of the
standards. "After more than three decades in the business, Pro Teck has
perfected multiple business, training and quality control process that
produce more accurate valuations," said Tom O'Grady, CEO. "We believe it is
good for the industry to have minimum standards, and were happy to lend our
expertise."
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