Summit Valuation Solutions, a subsidiary of The William Fall Group, recently announced that Morningstar Credit Ratings, LLC has affirmed the company’s MOR RV3 residential vendor ranking in the asset-valuation market.
“We’re satisfied with this rating and feel that the analysts at Morningstar performed a comprehensive analysis that highlights many of our strengths as a company,” Summit Valuations President Ron Ahlensdorf, Jr. said in a release. “In particular, we were pleased to see in the report that Morningstar feels our flexible business model and technology platform provide a solid foundation for growth, which is exactly what we plan to do.”
Morningstar, according to the release, said it based its affirmation on four key factors — Summit’s workflow technology, its experienced management team, the firm’s professional staff, compliance and risk management, and quality assurance. In particular, the Morningstar was impressed with Summit’s vendor oversight.
“The affirmed ranking also reflects the company’s comprehensive reviewer-based vendor oversight program for selecting, vetting, and managing vendor performance,” Morningstar said in its report. “[Summit] has developed in-depth vendor selection criteria and scorecards that effectively measure vendor performance as reflected in its execution of service-level agreements with its customers. The company’s technology platform provides the company with a system that embeds comprehensive quality-assurance standards internally as well as the flexibility to customize work orders pursuant to customer directives.”
The agency pointed out that Summit has enhanced its compliance training program, added additional quality-assurance review staff, and relocated to a larger corporate location in Illinois that provides for continued growth, all over the past 12 months, the release said.