Gordon Brothers Group announced Frank Grimaldi was promoted to national sales manager of the firm’s Valuation & Advisory Services Division, effective October 1.
Restoring Disciplined Appraisals and Oversight: Why the Need for Diligence is Essential to Minimizing Risk
Over the past year, the competitive environment in the asset-based lending industry has reached a fever pitch. Competition for a limited number of deals has forced lenders to offer diminished rates to keep clients. In order to offer lower-cost deals, some lenders have decreased the frequency of regular appraisals, often to their own detriment in the long term.