Ken Lippe began his appraisal career in 1978 and was fortunate enough to become an appraiser trainee at Home Savings and Loan Association. Home Savings, an Ahamanson Co., was America's largest S & L at that time, and has since merged with Washington Mutual. They were the only ones in the industry who offered a formal "in house" appraisal training program and continuing on the job training encompassing all residental property types in the Greater Los Angeles Area. Ken spent two years at Home Savings and was a Staff Appraiser at the Encino, Torrance, and Downtown Willshire Blvd. Branches.
In 1980 Ken returned to his native New York area and secured a position at Citibank, N.A. Ken was responsible for establishing an "in house" appraisal operation for the Upper Manhattan Community Business Team/Real Estate Division. There he furthered his knowledge in residential appraisal and became familiar with property types and neighborhoods throughout the tri-state area. In addition to performing appraisals he also prepared feasibility studies for prospective Condo and Coop conversions and new constructions which were the highlight of the residential real estate market in the early to mid 1980's. In 1982 Ken was offered a promotion with Citibank as an Underwriter however he felt that being an Appraiser was more suitable to his career and left the bank to start his own company. He succeeded in starting his own fee appraisal company which operated as Ken Lippe & Assoc. prior to becoming incorported in 1983 as Valutron Appraisal Services Inc. He received his S.R.A. (Senior Residential Appraiser), designation with the Society of Real Estate Appraisers in 1982 and also worked at Chubb & Sons Insurance Co., in the Personal Lines Department and was responsible for preparing Replacement Cost Appraisals for high end properties primiarly situated on the "Gold Coast" area of Nassau County's north shore, but also including the "Hamptons", "Five Towns", and N.Y.C.
Valutron has continually provided the mortgage lending community with the highest quality valuations. Our motto "Values you can Bank On!" is evidence to our committment of being an integral part of the mortgage lending process, which we have done for more than 2 decades. We have seen major banks dissolve, merge, and acquire other banks. We have lived through several down turns, Savings & Loan scandals, the birth of the mortgage brokerage industry, and licensing of appraisers. We have stayed on the cutting edge of technology since the PC was invented. We were the 100th customer with the first appraisal software company. We are on our 6th generation of networked computers. If these factors are important to you all you have to do is contact us and let us do the rest.
Kenneth H. Lippe, SRA, President