Nadlan Valuation, a New York-based appraisal management company (AMC) catering to small and mid-size banks and credit unions, announced it’s expanding its presence to the mid-Atlantic and the Southeast.
The company is hiring account executives and appraisers to further its expansion plans, according to Nadlan President Sam Heskel. Although the company already has added new appraisers to its staff in those states, it is looking to hire more.
Nadlan works with certified and insured appraisers to deliver accurate and timely appraisals to mortgage lenders. Its growth has been fueled by an emphasis on customer service and ensuring accurate appraisal reports.
“With so many regulatory pressures, lenders really appreciate our thorough appraisal review process,” Heskel said. “Quality control has become critical, so it’s one of the things that has fueled our growth.”
Nadlan employs a three-step process to provide the most accurate appraisal reports to lenders. Each appraiser in Nadlan’s network is vetted thoroughly to make sure they are up to date on all state and federal licensing and certification requirements. Every appraisal report then is sent through Nadlan’s state-of-the-art software to ensure the appraisal report is compliant with all national and regional regulations. Lastly, Nadlan’s qualified appraisal experts review the final reports for accuracy before sending to the lender.
“With our Triple Check Process, underwriters can rest assured they are receiving an accurate appraisal report,” Heskel said. “It’s what sets Nadlan apart from other AMCs.”
At the beginning of 2015, Nadlan reduced the time period in which it pays appraisers from 45 days to 30 days, even in the states that don’t require 30-day payment, Heskel said.
“Prompt payment is clearly very important to appraisers,” Heskel said. “By reducing our payment period to 30 days in all states, we hope to attract top-notch appraisers and lenders with high standards.”