Rating indicates high potential as a vendor in the asset-valuation market
DES PLAINES, IL — November 1, 2017 —Summit Valuation Solutions, a subsidiary of The William Fall Group, recently announced today that Morningstar Credit Ratings, LLC has affirmed the company’s MOR RV3 residential vendor ranking in the asset-valuation market. Morningstar’s forecast for the ranking is Stable. Morningstar began rating Summit last year.
“We’re satisfied with this rating and feel that the analysts at Morningstar performed a comprehensive analysis that highlights many of our strengths as a company,” said Ron Ahlensdorf, Jr., Summit Valuations President. “In particular, we were pleased to see in the report that Morningstar feels our flexible business model and technology platform provide a solid foundation for growth, which is exactly what we plan to do.”
Morningstar said it based its affirmation on four key factors: Summit’s workflow technology, its experienced management team, the firm’s professional staff, compliance and risk management, and quality assurance. In particular, the Morningstar was impressed with Summit’s vendor oversight.
“The affirmed ranking also reflects the company’s comprehensive reviewer-based vendor oversight program for selecting, vetting, and managing vendor performance,” Morningstar said in its report. “[Summit] has developed in-depth vendor selection criteria and scorecards that effectively measure vendor performance as reflected in its execution of service-level agreements with its customers. The company’s technology platform provides the company with a system that embeds comprehensive quality-assurance standards internally as well as the flexibility to customize work orders pursuant to customer directives.”
The agency pointed out that Summit has enhanced its compliance training program, added additional quality-assurance review staff, and relocated to a larger corporate location in Illinois that provides for continued growth, all over the past 12 months. Further, Summit has continued to grow and diversify its client base and has experienced no client turnover during the past 18 months.
About Summit Valuations:
Summit Valuations, LLC, Des Plaines, Illinois, was established in 2007 as a full service valuation company offering a single source for nationwide real estate valuations, including residential and commercial BPOs, inspections and full appraisals. The founders applied over 20 years of national real estate experience to build a company that has built its reputation based on higher standards and superior results. All reports can be delivered to our customers via email or downloaded from our secure website. The company’s services are designed to offer faster turnaround times, thorough quality assurance, streamlined ordering and delivery processes, and accurate results. As one of the fastest growing property valuation companies in the country, Summit is dedicated to accuracy and unparalleled customer service. Find out more by visiting the company’s website.
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