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AppraiserLoft Achieves Compliance with TAVMA Standards and Expands Executive Team

By AppraiserLoft Team | January 22, 2023

Continuing to exhibit our longstanding support for unparalleled appraisal management practices, AppraiserLoft announces full compliance with Title/Appraisal Vendor Management Association’s (TAVMA) Standards of Good Practices in Appraisal Management. Released January 6, 2010, TAVMA standards join a composite of other appraisal management regulations set forth by FHA, HVCC and other agencies.

As a leading appraisal management company, AppraiserLoft has consistently met or exceeded the guidelines recommended or required in providing ethical property valuations. AppraiserLoft has adopted stringent guidelines which mirror TAVMA’s standards. Those standards focus on: Supplier recruitment and coordination, assignment of appraisals ordered, management of order tracking and workflow, quality control at all stages, appraisal delivery, customer service, product development, marketing and administration and training.

AppraiserLoft founder Aman Makkar fully supports TAVMA’s standards, evidenced by his company’s requirement that its panel of appraisers adhere to the highest code of ethics in the industry. Given the wide scope and range of recent legislation and standards, Makkar has also created three new positions within the company. “AppraiserLoft understands the importance of integrity and honesty in the appraisal management industry. To exemplify our commitment to excel in our management practices, we welcome Bill Waltenbaugh as our Chief Appraiser, Masad Baba as our Chief Compliance Officer and Ernest Durbin, SRA as our Chief Knowledge Officer. The addition of these three highly qualified individuals to our staff is just one measure we are taking to ensure that AppraiserLoft sets the highest standard in the delivery of appraisals to our clients,” stated Makkar.

“AppraiserLoft extends our full support to TAVMA’s standards of good practice. We are internally prepared and staffed to continue our commitment to delivering professional, unbiased appraisals which are in full compliance with all agency and government regulations and rules,” stated Masad Baba. Standards of good practice and codes of conduct within the appraisal industry are necessary measures which govern AppraiserLoft’s internal policies and practices.

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