Pro Teck Valuation Services, a real estate valuation and risk solutions provider based in Waltham, Massachusetts, announced its endorsement of the Title/Appraisal Vendor Management Association’s (TAVMA) Standards of Good Practice in Appraisal Management.

As DSNews.com recently reported, topics covered under TAVMA’s standards include supplier recruitment and coordination, appraisal order assignment, order tracking and workflow management, pre- and post-delivery quality control, customer service and dispute resolution, and training and development.

Pro Teck said these new standards are an important and necessary step in ensuring consistency and quality from all appraisal management companies (AMCs). Created as a set of guidelines for participants in the appraisal management industry, these standards outline best practices to help ensure that AMCs and appraisers deliver quality, objective valuations to the financial institutions they serve.

“After more than three decades in the business, Pro Teck has perfected multiple business, training, and quality control processes that produce more accurate valuations,” said Tom O’Grady, CEO of Pro Teck. “We believe it is good for the industry to have minimum standards, and were happy to lend our expertise.”