Pro Teck Endorses TAVMA's Standards of Good Practice in Appraisal Management

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Jan 27, 2010, 01:51 ET

WALTHAM, Mass., Jan. 27 /PRNewswire/ -- 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).

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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:

http://www.tavma.org/images/tavma%20standards%20of%20good%20practice.pdf

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."

About Pro Teck Valuation Services: Established in 1977, Pro Teck Valuation Services works with lenders, servicers and investors to improve risk management through superior real estate collateral information. By focusing on quality, customer service and technology, Pro Teck enables its customers to make sound valuation decisions. To learn more, please call 800.886.4949 or visit our website at www.protk.com.

About TAVMA: TAVMA, the Title/Appraisal Vendor Management Association, is a non-profit professional organization that represents more than 75 companies including more than 40 of the largest Appraisal Management Companies (AMCs) with combined market share of 85 percent of the AMC market. TAVMA promotes the vendor management industry and presents its members' positions to government and media, protects its members' rights to do business without unfair and anticompetitive legislation and regulations and provides useful information about issues impacting the real estate settlement services industry. For more information about the organization, visit the website at www.tavma.org.