About us
MI CU Appraisal Services specializes in performing appraisals for credit unions. We recognize their needs as distinctly different from those of banking institutions. Credit Unions are personal and dedicated to servicing their members, just as we are personal and dedicated to servicing our clients. It is a perfect match. Credit unions, ever mindful of their members and budgets, often do not have the luxury of efficient ordering systems and advanced technology used by large banking institutions. MI CU Appraisal Services helps credit unions level the playing field. Our clients receive the benefits of using our highly efficient, web-based ordering system. We are integrated with many loan origination software programs, which make ordering and communicating about the appraisal simple and efficient. We understand the philosophy, “not for profit, not for charity, but for service,” and we strive to be an extension of the great service credit union members have come to expect.
Services we offer
Real Estate Appraisals
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Background: I plan on building a new home in a subdivision with a golf course that is over 90% complete. The houses in this subdivision range from $140-$180 per sq ft. There are houses that range from $450K to $1mil and the size are between 3300 sq ft to 5000 sq ft. The house I plan to build is $4,000 sq ft with a walkout lot and finished basement along with a lot of upgrades. My lender ordered an appraisal from this company (not my choice) and apparently it was handled by Mr Jacoba Johnson. He took an extraordinary amount of time to find comparables. He even went to my builder to ask for comparables. My real estate agent actually tried to help him out and gave him some comparables from my subdivision. First issue, what kind of appraiser does not know how to look up his own comparables. Isn't that part of your job as an appraiser to know how to do those things.
Next issue: Did he use those comparables from my subdivison? Of course not, because that would make too much sense. Instead he used comparables from a new subdivison that is a couple of miles away and maybe 10-15% complete. The most expensive homes in this subdivision is about $550-600K. Instead of using comparables from my subdivision that my real estate agent gave him, he used two homes from this other subdivision for comparables. Does that make sense to anyone? So the end result is that he low-balled my new construction by $60K which a serious delay on building my new home, on top of the extraordinary time he already took to come up with a ridiculous appraisal.
Here are some items from their mission statement from their website verbatim:
"Guaranteed delivery within 48 hours following inspection" - Try nearly 4 weeks for an appraisal.
"Customer Service - Our customers are our #1 priority and we understand the importance of your relationship with the members of the credit union" - I don't my lender, my builder, my real estate agent, and myself are satisfied.
"Standards and Quality - We don?t just want to meet the standards of excellence, we work hard to exceed them." - I don't think they exceeded anything in this case.
I MI CU in this instance did not perform like they claim on their website and if MI CU Appraisal is wise, they would not associate themselves with Mr Nicholas Young from Paramount Appraisals.
Licensing
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