Mortgage lender First Guaranty Mortgage Corp. inked a deal with Coester Vendor Management Services to centralize and enhance its appraisal and valuation services.
Based on terms of the agreement, FGMC will utilize Coester's expertise to manage its appraisal services and valuation platform.
The lender says Rockville, MD.-based Coester will create uniform valuation channels and processes for First Guaranty Mortgage using centralized software.
Coester's equipment product also will oversee quality control.
"Working with Coester VMS will allow us to improve the speed, efficiency and quality of our valuation services," said FGMC chief executive officer Andrew Peters. "More importantly, the software platform used by Coester will bolster our compliance efforts."