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“There are many national appraisal
service firms who will find an appraiser
for you, but Appraisal.com’s Personal
Commercial Services (PCS) works with
us and that’s what makes them different
from the others.”
– Sid Roark, MAI, SRA,
President, Roark Appraisal Services |
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Good appraisers are busy,
bad ones are not |
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The Nationwide Appraisal Network™ currently
has over 30,000 appraisers
enrolled covering every county
in the United States. However,
finding the ‘right appraiser’
goes well beyond coverage area
and possession of a certified
state license.
Since
every commercial property is
different, every valuation is
different.
Using our online technology,
users can select appraisers by a
combination of discipline,
property-type specialization or
professional designation. Our
VendorRanker™ technology also
allows users to view appraisers
based on our previous
performance including timeliness of
report delivery,
adherence to lender engagement
requirements and relevance of
comparable data.
If your strategic reach is
stretching into secondary and
tertiary markets, the task of
finding a qualified appraiser
can be daunting. Our dedicated
PCS Vendor Relationship Managers
work exclusively night and day
to ensure the quality of your
available appraiser stock is
always deep and relevant to your
business needs – no matter where
the subject is located. |
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We don’t manage the
appraisers, we manage the
appraisal existence |
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Sitting between a
commercial lender and a
commercial appraiser can be a
delicate balancing act. We
casually refer to ourselves as
the net on a tennis court. We
are in the middle, set at a
certain height and width, a
particular tautness, and before
one side can serve or volley to
the other, you need to clear our
net and stay within the
pre-defined boundaries.
Lenders have business needs and
desires that do not always
translate into the appraiser
vernacular, and vice versa.
Misunderstanding and
miscommunication are the two
biggest reasons that commercial valuations that are
inadequate or delivered
late.
Appraisal.com PCS intermediates not only on the
lender’s behalf, but on the
appraiser’s as well, filling the
critical collaboration gap
between lenders and appraisers. |
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Use the same appraisers as
usual, but build new
relationships |
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Your approved appraiser list has
most likely been years in the making, and
there isn’t a chance that you’ll
allow a broker or originator to
go ahead and find their own
appraisers.
For good reason, many direct
commercial lenders require
brokers and originators to use
that the accepted vendor was on
their approved fee panel. Within
minutes, Commercial Capital
Resource had online access and
proof of the awarded appraiser’s
certified state license,
professional resume, Appraisal
Institute credentials, and
effective insurance policy
information. |
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OUR APPRAISERS
As a small token of our
appreciation to some of the
30,000 Appraisers who have recently
gone well beyond the call of
duty – we like to highlight
a few of these professionals. They are
often the unsung heroes of
commercial lending.
Albert D’Agostino, MAI – Southern Valuation Services
Pompano Beach, FL
Not only was Al was given a 15
page Engagement Requirements
document for a 42,000+, 19 unit
retail plaza – but he accepted
the 7 day turn time too. Not
only did he meet the time
deadline, but he was entirely
communicative and sculpted the
report to the very last detail
of the client’s requirements.
Tom M. Ferstl, MAI, SRA – Affiliated Real Estate Appraisers of
Arkansas
Little Rock, AR
Tom was under the gun not
because of the scope of work,
but due to the fact that the
appraiser he assigned for this
assignment was finishing up an
intense course on the road to
his MAI Designation. But Tom
manages a firm and reliable
staff schedule and was confident
from the onset that his talent
would deliver as promised – and
they did.
Todd Goyette, SRA – Roark Appraisal Services, Inc.
Orange Park, FL
On several occasions
over the last few months Todd
hass
always put the client’s best
interest first. Whether the
relentless pursuit of scheduling
an inspection with a
hard-to-reach borrower, or
enhancing scope of work without
charging additional fees, or
consistently delivering reports
before the due date – Todd
understands that not everything
about good appraisal work is
taught in the classroom. |
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