Coester Appraisal Group has announced that it has changed its name to CoesterVMS. The new name was selected to better brand the company’s new, expanded line of valuation management services, which includes the industry’s first-ever “assisted self-service” option, in which CoesterVMS provides appraisal management services in addition to managing the lender’s appraiser panel. CoesterVMS provides three distinct options for managing the appraisal process:
►Full-service appraisal management provided by Coester Appraisal Group, a nationwide appraisal management company (AMC)
►In-house appraisal management with Cloud Control, Coester’s zero-cost “do-it-yourself” appraisal management technology
►“Assisted self-serve” appraisal management, the industry’s first and only hybrid service that allows lenders to use Coester’s AMC, while also having CoesterVMS manage the lender’s appraisal panel.
“We’re changing the way that the mortgage industry handles appraisals,” said Brian Coester, chief executive officer of CoesterVMS. “Lenders need ways to stay compliant without upsetting their ecosystems or their budgets. No one was addressing their needs, so we stepped up to the plate. Until the assisted self-serve option, no AMC would manage a lender’s appraiser panel. Until Cloud Control, no appraisal management technology was configurable to the user level, and no appraisal technology was 100 percent free. These advances might upset our competition, but we’re just giving lenders what they’re asking for.”