 The Kinnane Group proudly announces that it has added Bristol County Savings Bank to its client base having recently been approved to provide commercial real estate appraisal services to the bank.
Bristol County Savings Bank is a $1.2 billion full service financial institution offering consumers and businesses a comprehensive range of products and services in the Southeastern Massachusetts and Northern Rhode Island area. Bristol County Savings has built a highly-qualified team of dedicated professionals who are ready to help you with all of your banking needs. Their team will get to know you and your business, help you navigate through the process and determine the best solution that best meets your individual needs. Commitment. Stability. Community. They have a commitment to delivering outstanding products with an unsurpassed professional and personal touch. By being well capitalized, secure and independent since 1846, Bristol County Savings Bank provides stability to customers. The Kinnane Group was recently approved to provide real estate appraisal services to the bank. The Kinnane Group has a long standing history of providing quality real estate appraisal services with high performance standards that embraces technology initiatives while demonstrating geographic competency. The Kinnane Group is in its 53rd year of operation as a leading real estate service provider to the southcoast area of Massachusetts and east bay region of Rhode Island.
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 The Kinnane Group proudly announces that it has added Notre Dame Community Federal Credit Union of Fall River to its client base having recently been approved to provide real estate appraisal services to the credit union.
Notre Dame Community Federal Credit Union was chartered in 1938 as Notre Dame Parish Federal Credit Union. Their mission at that time was to serve the community of French Canadians who were hard working blue collar workers and who had no access to a banking institution for their deposit, borrowing, and general financial needs. This mission over the years has been broadened to serve the ever changing faces of our membership. In those early years growth was slow due to limited hours and limited facilities. In 1968, the credit union expanded its membership to include wards 5 and 6 of the city of Fall River. This was done under a program called 'Model City'. As the credit union grew, so did the need for a larger facility. In 1971, the credit union moved from Pleasant Street to new quarters at 659 Eastern Avenue. This move resolved the need for a larger facility for a period of time. In 1986, they purchased a residence to expand this facilityg and add a drive-in service window. This expansion was finished in 1989. Since then the facility has been expanded upon and made even more convenient for members and their service area has been broadened to include the greater Fall River area suburban communities. The credit union for many years used the trade name of Notre Dame Federal Credit Union. The credit union also was very progressive in the services offered and to this day continue to look for ways to serve its members in the ways they have come to expect. The Kinnane Group was recently approved to provide real estate appraisal services to the credit union. The Kinnane Group has a long standing history of providing quality real estate appraisal services with high performance standards that embraces technology initiatives while demonstrating geographic competency. The Kinnane Group is in its 53rd year of operation as a leading real estate service provider to the southcoast area of Massachusetts and east bay region of Rhode Island.  The Kinnane Group announces that it has added Somerset Federal Credit Union to its client base having recently been approved to provide real estate appraisal services to the credit union. The Somerset Federal Credit Union is a member-based, not-for-profit financial cooperative that is owned and controlled by members. Service-driven rather than profit-driven, their goal is to provide a safe, convenient place for members to save money and borrow at reasonable rates. Credit unions are chartered to serve particular groups of people. In the case of the Somerset Federal Credit Union, membership is open to anyone who lives or works in Bristol County. Each member becomes part of the credit union family and an owner who has one vote at the annual meeting. In 2010, the credit union earned a 5-Star rating for financial strength and stability from Bauer Financial, an independent financial rating firm that has been analyzing and reporting on the nation's financial institutions since 1983. The rating is based on the overall financial picture of an institution, with 5-Star being the highest rating given. The Kinnane Group was approved to provide real estate appraisal services to the credit union. The Kinnane Group has a long standing history of providing quality real estate appraisal services with high performance standards that embraces technology initiatives while demonstrating goegraphic competency. The Kinnane Group is in its 53rd year of operation as a leading real estate service provider to the southcoast area of Massachusetts and east bay region of Rhode Island. The Kinnane Group announces that it has added IRR-Residential to its national client base. IRR-Residential launched its operations in 2006. The company is based in Kansas City, however facilitates valuations in all 50 states. It's centralized state of the art, internet-based management platform, called 'IRR-Connections' is utilized to handle paperless processing of appraisal requests, assignment distribution, scheduling and reporting.
IRR-Residential engages quality real estate appraisal service providers with high performance standards, that embrace technology initiatives and who demonstrate goegraphic competency. The Kinnane Group is in its 52nd year of operation as a leading quality real estate service provider to the southcoast area of Massachusetts and east bay region of Rhode Island. The Kinnane Group uses secure order processing and delivery services provided by A La Mode's Mercury Network. Recent upgrades allow for the secure delivery of Uniform Appraisal Dataset (UAD) compliant appraisal reports in dual (PDF and XML) formats for the following categories of residential appraisals:
To improve the quality and consistency of appraisal data on loans delivered to the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, at the direction of the Federal Housing Finance Agency (FHFA), have developed the Uniform Appraisal Dataset (UAD), which defines all fields required for an appraisal submission for specific appraisal forms and standardizes definitions and responses for a key subset of fields. The GSEs have developed the Uniform Collateral Data Portal® (UCDP®), which is a single portal for the electronic submission of appraisal data. Lenders are required to use the UCDP to deliver electronic appraisal data that conforms to the UAD before the delivery date of the mortgage loan to Fannie Mae or Freddie Mac. This requirement applies to all conventional mortgage loans for which an appraisal report is required. http://www.mercuryvmp.com/index.php/appraisal-services/ What does this mean?
UAD is the Uniform Appraisal Dataset, which goes into effect on September 1, 2011. Fannie Mae and Freddie Mac, (the GSE’s – Government Sponsored Enterprises), created the Uniform Mortgage Data Program (UMDP) initiative which is intended to improve the quality of loans and documentation submitted by originators to the two GSE’s. The UMDP is a comprehensive loan quality program with several sub-initiatives, most of which apply to lenders who sell loans on the secondary mortgage market. For appraisers, the UAD is the most important of these sub-initiatives. This program is intended to standardize and provide consistency for data points on real estate appraisal reports. The existing forms will not change, but how certain data is entered into the form will be standardized. Additionally, reports will now be submitted to lenders in what is referred to as a 'dual' format. Lenders will receive the customary 'pdf' file along with a new requisite 'xml' file that is also submitted to the participating GSE. The Kinnane Group has been issuing UAD compliant reports in dual reporting formats to lenders who have requested them since the middle of July. Our UAD compliant training is complete, our software is in place and our appraisal processing and auditing system is operational. Simply put, we are up and running! Please let us know when you would like to begin receiving these new dual format reports. Additional reference material regarding UAD is available on the Freddie Mac website: UAD Interactive Reference Manual We look forward to being your partner in migration to the new UAD requirements. Please feel free to contact us with any questions you may have. Although compliance is not mandatory until September 2011, the Kinnane Group has recently upgraded its appraisal processing software and is currently in position to begin delivering Uniform Appraisal Dataset (UAD) compliant appraisal reports in 'PDF' or 'XML' formats.
Fannie Mae and Freddie Mac have jointly established the Uniform Mortgage Data Program (UMDP), under the direction of the Federal Housing Finance Agency, to provide common requirements for appraisal and loan delivery data. UMDP consists of several components, but the UAD is the key piece that will affect day-to-day appraisal reporting, and consists of key appraisal data elements being standardized to ensure that they are consistently reported across the entire scope of the GSEs' loan portfolio. Use of the UAD is required for appraisals reported on the four UAD appraisal forms with an effective date on or after September 1, 2011. Prior to that date, the Kinnane Group which has updated its appraisal forms software to a version designed to prepare UAD-compliant appraisal reports will start using the UAD, as required by our lender clients. The Kinnane Group announces our newest advancement in providing timely and professional real estate appraisal services. For our institutional clients, lenders and AMC's we have recently implimented system management software provided by industry leading A la mode. The A la mode Xsites Mercury Network Vendor Management Platform is a completely paperless online process that allows our clients to login, place an order, recieve confirmation of order placement, confirmation of appointment scheduling, the ability to track the order progress in real time and to receive a final appraisal report in PDF format or via XML transfers.
This is a win - win for everyone. It streamlines processing at our end, provides for open and convenient communications for you and helps to provide a quick and painless servicing process for the homeowners. Our clients will all agree that we have made marked improvements to our order processing system over the past year and a half. This takes all of that one more step forward. As we continue to strive to be more and more efficient in our real estate appraisal servicing, this system reduces redundancy in data entry, provides complete transparency, accessibility and communication with our clients and minimizes any potential waste of resources and ultimately shortens up our turn around time. So if 'Going Green' is possible in the real estate appraisal industry, I suppose that this is one giant step towards that goal! We will continue to receive appraisal orders any which way you'd like to send them our way, but we encourage you to take just a few short minutes to register online and begin reaping the benefits of efficient order processing with us! Click Here to order your next real estate appraisal through our paperless process! The Kinnane Group broadens their client base with the addition of Quality Valuation Services (QVS) of Mission Viejo, California.
QVS is an appraiser-owned valuation company that is passionate about delivering high quality products and services. QVS consists of experienced mortgage and real estate industry executives, skilled coordinators and a nationwide panel of geographically specialized valuation professionals. The Kinnane Group recently celebrated its 50th anniversary in 2010 at providing specialized real estate services to the southcoast area of Massachusetts and east bay region of Rhod Island. The Kinnane Group adds yet another national mortgage lending service provider to its list of clients, approved to service Bristol County, Massachusetts as well as Bristol and Newport Counties, Rhode Island as Certified General and Certified Residential real estate appraisers.
Equity Solutions USA, with its corporate operation center based in Jackson, Mississippi utilizes stringent quality control standards and a paperless technology to streamline appraisal processing, reviews and underwriting. Their alliance with the Kinnane Group as experienced local real estate appraisers takes advantage of our local expertise while providing safe, secure, on-line delivery of timely real estate appraisal assignments. |
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