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.
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.”
A copy of the Standards of Good Practices in Appraisal Management can be found by clicking here.
For more information, visit www.protk.com or www.tavma.org.