Report, passing a 2 day comprehensive exam, and passing various levels of experience credit where work samples are scrutinized by other appraisers who hold the MAI designation. In 2014, Jeff received the SRA designation from the Appraisal Institute which recognizes proficiency in residential property types. Officially, our company is now known as Vale Appraisal Group of Milo F. Vale & Company, Inc. Jeff served as the 2009 President of the Hoosier State Chapter of the Appraisal Institute. In December 2014, Jeff was recognized with the Edward L. White Achievement Award for service to the Hoosier State Chapter and the Appraisal Institute.
Jeff Vale started in the appraisal business in 1989 with Milo F. Vale & Company after having spent almost 5 years in the automotive wire industry in production management. Debbie Morris and Jeff Vale were successful in holding down the fort when Milo Jr. (Jeff's dad) began having health problems in 1997. Debbie and Jeff both feel blessed to have been able to learn the appraisal business for 8 years from Milo F. Vale, Jr., and have since chosen to focus solely on real estate appraisals as the core business. In 1989, Jeff joined the Society of Real Estate Appraisers as a candidate member, and the Society subsequently merged with the American Institute of Real Estate Appraisers in 1990 to become the Appraisal Institute (www.appraisalinstitute.org). In 1992, Jeff received the Certified General Appraiser License from the State of Indiana. In 2002, Jeff received the MAI designation from the Appraisal Institute. The MAI designation requires an educational curriculum beyond the minimum needed for licensing as well as submission of a Demonstration Appraisal
Jeffrey R. Vale, MAI, SRA
Jim Phelan
Jim started appraising in February 1979 at a local bank after graduating in 1978 from Ball State University in Muncie, Indiana with a Bachelor of Science Degree in Business Administration. After about four years at the bank, he began appraising at a local appraisal office with a short interval of almost two years at a mortgage company. During the 1990's, Jim started learning the nuances of commercial appraising and became affiliated with Vale Appraisal Group in 1998. Over the years, he has completed several thousands of appraisals of residential, commercial and industrial properties as a staff or fee appraiser for numerous banks, savings and loan institutions, relocation companies, INDOT, various cities and towns, attorneys, corporations and private individuals.
