Summit Valuations has announced the hiring of a chief valuation officer. Mark Melikian has joined the company to serve as Summit’s chief valuation officer assuming the responsibility for training and managing the company’s Quality Assurance team, in addition to leading new product development.
Melikian will serve as the leading valuation expert for Summit.
Melikian has been appraising real estate since 1987 and has been active in nationwide valuation services since 2005. He has successfully led teams of analysts, developed valuation services to meet client needs and represented buyers and sellers in secondary market loan tie out meetings.
“This is not the first time I’ve worked with Mark, and I’m thrilled to have him back on my team,” Summit Valuations President Ron Ahlensdorf, Jr. said in a press release. “Mark fits perfectly into our corporate culture. He understands team building and collaborative product development. He is dedicated to the highest levels of quality and he’s a thought leader in the valuation space. At the same time, he’s not afraid to roll up his sleeves and help get the work done.”
Much of Melikian’s recent experience has concentrated on forensic reviews of REO properties of Fannie Mae and Freddie Mac. This has given him a unique insight to risk factors, beyond value, that impact’s a property’s likelihood of going into foreclosure. Melikian holds a Bachelor of Science in Business Administration from San Diego State University.
“Knowing the kind of person Ron (Ahlensdorf) is, I knew I had to explore this opportunity as soon as he shared it with me,” Melikian said. “I was very pleased with the team here and knew it would be a great fit. At this point in my career, I’ve become very familiar with the collateral valuation tools that many market participants wish existed. I’m glad to find a company that, despite the many pressures of our industry is dealing with right now, still has the courage to develop new products its clients need. I can’t wait to see what we can do at Summit Valuations.”