Value Trend Solutions Continues to Expand

As Value Trend Solutions gains notoriety, a true HVCC solution emerges.
 
Dec. 1, 2009 - PRLog -- Value Trend Solutions (VTS) announced that it will be adding coverage in the states of Washington, Idaho, Oregon, Utah, and New Mexico. This brings the total count to 16 states. “We started with the intention of being a local firm” says Founder and Partner Greg Bernstein, “but after realizing how easy it is for us to duplicate our model, it made sense to expand to wherever there is a demand.” And more demand is what Bernstein expects to see. “We have found that our way of doing business has really appealed to lenders. We recognized that after the [Home Valuation Code of Conduct] was adopted, appraisal management companies were popping up left and right. There is definitely a need for their services, but at what cost? Many seemed to be providing lower quality appraisals and paying outrageously low fees to appraisers while charging borrowers more.” Many in the real estate industry would agree. Both local and national media outlets have been ripping the HVCC since its conception on May 1st 2009. Bernstein, however, thinks that Value Trend Solutions has found the answer. “Our primary goal has always been to protect the real estate market from the potential downfalls of the HVCC. Simply put, we have worked with our software vendor to develop a fully automated system in order to effectively facilitate anonymous communication between loan originators and appraisers.” Bernstein goes on to explain: “Having an automated system allows us to keep our costs low. We charge borrowers less than the vast majority of appraisal management companies, and we pay our appraisers very well.”

Quality has been another issue with the HVCC with many critics claiming that appraisal management companies simply use the lowest cost appraisers. This often translates into slow turn times, inexperience, or non-local appraisers completing valuations. Again, Value Trend Solutions seems to have solved these issues. “We keep our rotating panel extremely exclusive,” Bernstein says. “By doing this, we can supply enough volume to become our appraisers’ best client. This has allowed us to recruit local appraisers, most of which are fully certified.” And when asked about customer satisfaction, Bernstein grinned. “We are finding that our clients are extremely happy. VTS has a great panel of experienced, local appraisers. We are saving borrowers a good amount of money, and we’re turning appraisals around in an average of 4.3 days.” In an ever-changing real estate market, Bernstein and his Partners have created a sustainable business model for anyone affected by the HVCC. “We feel we can be a valuable partner to anyone who has a need for an appraisal management company, and we can do it with a reduced financial impact to other professionals in the industry.”

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Value Trend Solutions is a Nationwide Appraisal Management Company providing HVCC(Home Valuation Code of Conduct) compliant Appraisals as well as working to prevent any and all undue influence within the valuation/appraisal process.
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