As of Monday, Coester Appraisal Group is now ""CoesterVMS"":http://www.coestervms.com/.[IMAGE]
According to a release from CoesterVMS, the new name reflects the company's new, expanded line of valuation management services. Among these services is the industry's first-ever ""assisted self-service"" option, in which CoesterVMS provides appraisal management services in addition to managing the lender's appraisal panel.
Until CoesterVMS' assisted self-service, lenders could either outsource appraisal management to an AMC or use an appraisal management technology to manage in-house. Now, the assisted self-serve option allows lenders to use Coester's appraisal management services along with their own in-house panels. Coester can manage the entire process and ensure compliance with all regulations, guidelines, and blacklists.
""We're changing the way that the mortgage industry handles appraisals,"" said Brian Coester, CEO 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 appraisal 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.""
Headquartered in Rockville, Maryland, CoesterVMS is a nationwide provider of valuation management technology and services.