LENEXA, Kan., July 5, 2016 /PRNewswire/ -- Boutique Midwestern appraisal management firm (AMC) Valued Veterans, who began extending its nationwide platform of services to federal agencies earlier this year, has now been awarded two federal contracts in the first half of 2016, one on behalf of the United States Department of Agriculture and the second on behalf of the Department of Veteran Affairs. These multi-year awards cover 7 states across the Midwest, from Kentucky to Colorado.
Since 2011, the veteran owned AMC has seen double-digit annual growth stemming from the firm's traditional appraisal product line. These strong growth trends, coupled with a broader spectrum of product offerings, has convinced CEO Andrew Belt that after 5 years in the private sector the "time had come to dive deep into the government contract arena." While Valued Veterans delivers thousands of nationwide appraisals each month to an array of lenders and servicers in the private sector, the firm has been a subcontracted servicing partner under HUD's distressed asset valuation program. This historical experience provided the necessary past performance and capabilities for the firm to step into the Agencies Programs as a direct producer and contract holder.
Government agencies electing for centralized Turnkey Multi-State Solutions
The announcement of these awards corresponds to what has been a busy contracting year by several agencies who have received directives to centralize appraisal vendors, improve efficiencies and reduce the burden on taxpayer dollars. Additionally, agencies have been starved to identify capable vendors who can help them meet their SDVOSB designation benchmarks.
Each contract requires ValVets to furnish end-to-end real estate appraisal services and real estate market analysis, which will materially aid in lending program participation, agency portfolio management relating to Agency REO loans and investments.
Uniquely, ValVets is one of only a few nationwide SDVOSB firms that provide primary services in the Real Estate Servicing sector and is the only nationwide appraisal provider that maintains the SDVOSB designation. Additionally, the firm is currently prospecting or actively engaged in Agency discussions on more than a dozen contracts yet to be awarded in 2016.
About Valued Veterans (ValVets)
Valued Veterans, which rebranded to ValVets earlier this year, is a leading end-to-end appraisal management solutions provider to both the private and public sectors. Additionally, ValVets provides management capabilities in other Real Estate Services verticals, including Appraisal, Asset Management, Marketing, Title and other Field Servicing Management. The company's investment in future-state technologies, including bespoke management systems, data delivery and workflow visibility has transformed the firm into a first class service vendor for government programs which require real estate services. ValVet's private sector client base includes several top 20 nationwide lenders and asset management firms, including multiple incumbent contract holders to HUD's FSM and M&M Program, in conjunction with our more than 4,500 fee panel appraisers and service providers. More at www.valvets.com.
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SOURCE Valued Veterans