Forsythe Appraisals, LLC, has been in business since 1940, and recently was acquired by First American Mortgage Solutions. The companies said the combination would provide lenders with a best-in-class appraisal model not existent in today’s market.
“All of Forsythe’s appraisers are full time, non-contract, W-2 employees, so we control the entire process, from order to delivery, with appointment scheduling by our trained operations team,” CEO John Forsythe told Valuation Review. “We work closely with our appraisers to help ensure they work in specific neighborhoods for greater accuracy and a more manageable work load. We have ongoing in-house training giving appraisers access to the best data, time-saving software and appraisal techniques available.
“The appraiser-staff model combined with superior technology keeps our clients informed through every step of the appraisal process,” Forsythe added. “We closely track our progress, while providing exceptional reporting and real-time status updates.”
As for the timing and opportunity to join forces with First American Mortgage Solutions, Forsythe said the valuations industry is ripe for enhancement and evolution. Overall, Forsythe Appraisals has made a great deal of progress in providing appraisers and support teams the tools they need to succeed, and joining First American simply accelerates that process.
“The process for appraisal addendums today is inefficient and costly,” Forsythe said. “Our best-in-class appraisal product will greatly reduce the back and forth that can occur on as many as 70 percent of appraisals completed today.”
Forsythe said he sees this partnership strengthening his company for the future.
“As part of First American, we can now offer lenders access to Forsythe’s nationwide network of staff appraisers, all armed with First American’s industry-leading appraisal technology and property data,” he said. “The combined valuations options enhance First American’s end-to-end offerings and support the company’s commitment to the ‘Pursuit of Certainty in Lending.’
“Forsythe Appraisal’s nationwide network of staff appraisers will augment First American Mortgage Solutions’ existing panel appraisal capabilities to provide lenders with more extensive valuation options aimed at quality, efficiency and compliance,” Forsythe added.
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