OVERLAND PARK, Kan., Oct. 2, 2012 /PRNewswire/ -- United States Appraisals, a nationwide appraisal management company, announced today that it will begin paying appraisers on a weekly basis. The rollout of their new technology platform provides the process improvements necessary to achieve this rapid pay cycle. Payments will be made weekly for assignments completed in the previous seven days – the fastest pay cycle in the industry.
"We know Appraisal Management Companies put a lot of pressure on appraisers to complete their assignments quickly," stated David Turner, Chief Corporate Appraiser for United States Appraisals. "We hear about many of those same AMCs paying slowly. United States Appraisals will pay for completed reports that pass our quality review on a weekly basis. By shortening the pay cycle, we provide an incentive to complete our assignments faster by providing the appraiser with an immediate reward for their hard work."
United States Appraisals' quality review process, which includes an automated review of over 2,000 data points prior to a manual review by a certified residential appraiser, ensures that underwriter-ready reports are delivered to its clients. With a shorter pay cycle, these quality reports will be delivered even quicker.
"We believe this move underscores our commitment to the appraiser community," said Aaron Fowler, President of United States Appraisals. "Speed and quality are critical to the mortgage industry. Delivering high quality reports faster, while rewarding our appraisers, provides a win-win situation."
About United States Appraisals
Headquartered in the Kansas City area, United States Appraisals is a nationwide appraisal management company providing a comprehensive suite of residential valuation products to lenders and other mortgage origination firms. Led by a management team with over 120 combined years of residential real estate experience, United States Appraisals provides its clients with a fully compliant appraisal solution that delivers superior customer service and unprecedented quality. United States Appraisals offers a 5-day turn time guarantee and a 100% fully transferrable loan loss warranty. United States Appraisals is a proud member of the Mortgage Bankers Association and the National Reverse Mortgage Lenders Association. For more information, visit the company's website at www.unitedstatesappraisals.com or call 1-888-562-0123.
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SOURCE United States Appraisals