Collateral Evaluation Services, LLC

Collateral Evaluation Services (CES) was founded by Larry Woodall in April of 2007 and was later formed into a Limited Liability Company in the State of Georgia in March of 2008.

Mr. Woodall's initial role with the company was as sole proprietor; however, after reorganizing the Company in 2008, Mr. Woodall became the Managing Director and Chief Appraiser of the Company's "Atlanta Office", which is located in Roswell, GA.

George Mann joined CES in October of 2008 as a consultant and business advisor, and on January 1, 2009 George officially was given a position as a Principal Partner in the firm.  George is now the Company's Managing Director and Chief Appraiser for its "Cincinnati Office", located in Cincinnati, OH.

The current leadership of CES is directing the Company with its goal primarily aimed at aiding financial institutions of all sizes in resolving FIRREA compliance issues with federal and state Bank regulators.  However, due to the experience of its Management and Staff, CES has also found opportunity to evolve into providing an more of an array of professional consulting services that include environmental and construction loan management services, loan documentation review, troubled asset and loan workout solutions, real estate portfolio evaluations and bank acquisition due diligence.  

CES' Management and a majority of its Staff have been employed by some of the largest and most prestigious Private Corporations and Financial Institutions within the United States, serving as Senior Review Appraisers, Department Managers, Chief Appraisers, Managers of Corporate Loan Workout Groups, Experts and Counselors for Federal Regulated Bank and Corporate Policy, Expert Witnesses regarding Real Estate and Regulatory Guidelines, Institutional Real Estate Investment Advisors, among many other facets of real estate professions.

During their institutional careers, CES Management and Staff have performed complex due diligence and loan documentation review assignments, real estate portfolio evaluation assignments, bank acquisition due diligence assignments and has even teamed up with other nationally recognized professional consulting firms developing requisitions for federal funding (TARP).  

Regarding management of appraisal due diligence, CES' Leadership shared in parallel capacities during their Institutional careers, successfully developing and implementing fully staffed Collateral Evaluation Departments for the institutions where they were employed.  A few of their accomplishments include:

• developing and managing strict budgets and staffing needs based on loan volume;
• reviewing professional and administrative staff positions on a quarterly and annual basis,
• training of bank staff in appraisal practices and methodology, FDICIA, FIRREA, USPAP, ASTM, Graham, Leach, Bliley Act, among other practices and regulatory topics;
• developing approved vendor lists for appraisers, evaluators, environmental engineers and construction property inspectors, as required under federal regulatory guidelines and institutional policy;
• designing programs for implementing in-house evaluations for real estate loans that fully met the required thresholds of FIRREA that allow that type of service;
• developing and writing Bank Policy for Appraisal and Environmental, in compliance with and conformance to FIRREA and ASTM guidelines, respectively;
• developing and administering Supplemental Guidelines for vendors to follow, superseding all regulatory compliance requirements, thus improving the overall quality above the required minimum regulatory due diligence guidelines;
• and, authoring numerous appraisal and bank regulation articles published by The Appraisal Institute (AI), the RMA Journals, the American Bankers Association (ABA), among others.

Reviewing the past and current roles of the Company's Leaders and its Staff, it is easy to see why CES cannot be considered as being just another traditional Appraisal Management Company or Real Estate Consulting Company for that matter.  That is because no other company provides the similar experience or array of services that CES offers.

With its exceptional leadership and staffing, CES provides sound structure that is fully compliant with FIRREA for full management of commercial and residential real estate appraisal needs, as well as the management experience to handle all other property collateral evaluation and management needs that an institution normally requires on a daily basis, but is not typically properly staffed with the experienced professionals to perform them.  And to remain sound in Today's volatile and highly competitive and highly regulated marketplace, CES does provide its clients with a unique ability to accomplish all of that due to its offering of a full range of those services.

Because of its unique qualifications in leadership, experienced staff and supportive technology platforms, CES is the most prudent choice for Financial Institutions and Corporations looking to obtain reliable, independent and cost effective solutions to managing their collateral real estate.