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Clear Capital Supports TAVMA’s New Standards of Good Practice in Appraisal Management

""As DSNews.com recently reported"":http://dsnews.comarticles/tavma-publishes-standards-of-good-practice-in-appraisal-management-2010-01-14, the ""Title/Appraisal Vendor Management Association"":http://www.tavma.org/index.php (TAVMA) recently developed the ""Standards of Good Practice in Appraisal Management"":http://www.tavma.org/images/tavma%20standards%20of%20good%20practice.pdf, and on Monday, ""Clear Capital"":http://www.clearcapital.com/, a provider of data and solutions for real estate asset valuation, announced its endorsement of these new guidelines.


TAVMA's standards outline the important tasks an appraisal management company (AMC) performs, and the guidelines recommend standards of good practice to ensure delivery of quality, objective appraisals to financial institutions.


For almost a decade, Clear Capital says it has set high standards for product quality, transparent methodologies, and reliability of service. To continue this practice, the company said it is committed to upholding TAVMA's Standards of Good Practice in Appraisal Management.

""It's great to see TAVMA continue its leadership in the industry's efforts to deliver consistent, high quality valuations,"" said Mike Ousley, Clear Capital EVP, appraisal services. ""We have spent many hours working to develop these standards with other TAVMA members and look forward to continuing to improve and extend the value we bring to our customers. These standards of good practice are yet another reflection of how the industry continues to respond to the changing regulatory landscape and our commitment to deliver the highest quality appraisal products.""

The Standards of Good Practice in Appraisal Management cover many operational practices of AMCs, including management of qualified vendor networks, quality control, workflow, regulatory compliance, and customer service. These standards all remain consistent with federal interagency guidance and with relevant federal and state statutes and regulations.

About Author: Brittany Dunn


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