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Appraisal Management

How are Your Appraisal Management Results?

Benefits of Using CSS’s Appraisal Management Services Instead of In-House Management

Improved Customer Service:

  • High-volume periods during the year—which can be unexpected—can result in too little staff to manage appraisals, which produces poor customer service.
  • Low-volume periods can result in too many staff members, which adds to high mortgage origination costs.
  • CSS can manage such staffing problems with ease, as we are able to spread staff across many lenders and respond quickly to high- or low-volume demands without sacrificing quality or building up unnecessary costs.
     

Improved Turnaround Times: 

  • Lenders who have switched from in-house appraisal management to CSS have realized significantly reduced turnaround.
  • CSS is equipped to focus on efficient follow-up with appraisal assignments. Because of our outside relationship with appraisers, follow-up often produces faster results than communication between in-house teams who work with long-time preferred appraisers.
  • Turnaround times are documented in month-end reports, and CSS works hard to address any shortcoming.

Cost Savings and Efficiency:

  • CSS’s fixed costs are spread across many lenders, so you can be sure that you’re not being charged unreasonably. 
  • Management fees can be passed on to borrowers and not paid by lenders. Conversely, the sizeable costs of in-house appraisal management are difficult for lenders to pass on to the borrower, due to RESPA and other constraints. As a result, most in-house costs negatively affect the lender’s bottom line.
  • Switching to CSS’s appraisal management services can make in-house staff redistribution possible, providing potential efficiencies in other areas of the bank.

Compliance:

  • Appraiser independence can be confirmed, while in-house appraisal management leaves room for audit questions.
  • Robust quality control scorecards are implemented for each appraisal.
  • Each appraiser must pass a compliance certification.

If you’d like to learn more about what we can do for you as an AMC, please contact us! 

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What We Manage 

CSS will be busy behind the scenes: 

  • Vet appraiser panel to ensure quality and compliance
  • Select the best appraiser for each assignment
  • Chart fees charged by each appraiser
  • Place the order and monitor progress ensuring proper turn-times
  • 3-tier Quality control review for appraisal reports, including customer specific requirements  
  • Coordinate revisions
  • Deliver appraisal reports
  • Address lender questions
  • Pay the appraisers
  • Securely store appraisals

Along the way, we’re happy to answer any lender questions. Above all, we uphold our work and the appraiser’s work to careful quality and compliance standards. Check out our three-tiered quality control review system for appraisers and appraisals, which takes into account both industry standards and individual customer-specific requirements.


LEARN MORE ABOUT COMPLIANCE  
 

Want to Stick with Your Appraisers?

For lenders who want the benefits of using an AMC but also want to use their existing panel of approved appraisers, CSS offers the Panel Management appraisal program. 

In this program, CSS will:  

  • Perform the same management tasks and provide the same great benefits of an AMC 
  • Distribute appraisal orders exclusively to the lender’s existing preferred appraisers panel
  • Pay appraisers the same customary and reasonable fees that the lender currently pays
  • Send an invoice to the lender at the end of the month that includes both appraiser fees and a set management fee for each appraisal. Responsibility for these fees may be passed on to borrowers at the lender’s discretion.

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How Do You Currently Monitor Appraisal Quality? 

CSS analyzes appraisal quality with RealView, a revolutionary business rules engine that sources appraisal data to determine compliance, completeness and consistency. This tool can be fluid to include data related to both appraisal industry guidelines and a specific customer's appraisal-review rules. 

SAMPLE REPORT

What Are Your Current Appraisal Turnaround Times?

Do you consistently receive quality appraisals in less than seven days? Our AMC customers receive monthly, customized performance reports that detail CSS performance. Click below to see a sample report.

SAMPLE REPORT


Our Appraisal Management Experts Are Ready to Serve!

It takes great people to produce great results. CSS produces superior appraisal management results for our lender customers because of Sherri Zahtilla, our VP of Valuation Solutions, and her Valuation team. 

The North Olmsted Valuation Team:

Valuation Team Leadership

Quite simply, Sherri has the experience, knowledge and personal drive to do whatever is necessary to deliver the results CSS customers desire and deserve. Sherri is the type of appraisal management professional you want and need on your team to produce the success you seek.


Want to Learn How You Can Start Driving More Revenue?

Download our FREE presentation to learn 4 ways you could be increasing your efficiency in appraisal management!

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