• Commercial Narrative Summary
    Appraisal Nation specializes in completing commercial appraisals for all types of projects. Some of the assignments completed by Appraisal Nation include: shopping centers, skyscrapers, hotels, islands, subdivisions, and raw land.

    Commercial assignments can be both unique and complex. For this reason Appraisal Nation attains a higher standard of quality with their commercial appraisers. Appraisal Nation assigns all commercial projects to Appraisal Institute Designated members.  Appraisal Institute designations have long been recognized by courts of law, government agencies, financial institutions and investors as marks of excellence in the field of real estate valuation and analysis.”

  • 1004 Full Appraisal (Interior)
    The appraiser performs a valuation based on an analysis of market data, considering the three approaches to value applicable to single family residences. The subject receives a complete interior and site inspection, and the improvements are measured to calculate gross living area (GLA). A sketch of the subject is prepared which includes exterior dimensions, interior walls, room locations and calculations. Photographs of the subject’s front, rear, interior, street and any significant features are included as well as photographs of the comparable sales. A plat map and a location map (identifying the subject and comparables) are also included. Form utilized: 1004 dated March 2005 (Uniform Residential Appraisal Report.)
  • FHA Appraisal
    An FHA appraisal is done on the above 1004 form however it is completed only by appraisers who are FHA approved as the FHA does require more specific guidelines be met both at inspection and on the report itself. A list of these guidelines can be found at http://www.hud.gov/offices/hsg/sfh/ref/chap1.cfm
  • 1004C Manufactured Home Full Appraisal
    The appraiser performs a valuation based on an analysis of market data, considering the sales comparison and income approached to value, (applicable to manufactured homes.) The subject receives a complete interior and site inspection, and the improvements are measured to calculate gross living area (GLA). A sketch of the subject is prepared which includes dimensions, interior walls, room locations and calculations. Photographs of the subject’s front, rear, interior, street, and any significant features are included as well as photographs of the comparable sales. A plat map and a location map (identifying the subject and comparables) are also included. Form utilized: 1004C dated March 2005 (Manufactured Home Appraisal Report.)
  • 1025 Multi-Family Full Appraisal
    The appraiser performs a valuation based on an analysis of market data, utilizing the three approaches to value, (applicable to 2-4 unit small residential income properties.) The subject receives a complete interior and site inspection, and the improvements are measured to calculate gross building area (GBA). A sketch is prepared which includes exterior dimensions, interior walls, room locations and calculations. Photographs of the subject’s front, rear, interior, street, and any significant features are included. Photographs are also included of the listing, rental, and sales comparables. A plat map and a location map (identifying the subject and comparables) are also included. Form 216 (Operating Income Statement) is also prepared. Form utilized: 1025 dated March 2005 (Small Residential Income Property Appraisal Report)
  • Broker Priced Opinion
    The BPO is performed by a real estate professional who is acting on behalf of the financial institution. Such a professional could be a real estate agent, a real estate broker, an appraiser, or other qualified person.
  • Tax Return Verification
    The Income Verification Express Service program is used by mortgage lenders and others within the financial community to confirm the income of a borrower during the processing of a loan application.  The IRS provides return transcript, W-2 transcript and 1099 transcript information generally within approximately 2 business days (business day equals 6 a.m. to 2 p.m. local IVES site time) to a third party with the consent of the taxpayer.  The transcript information is delivered to a secure mailbox based on information received from a Form 4506-T or Form 4506T-EZ.
  • Undisclosed Debt Monitoring
    Undisclosed debt is the leading cause of mortgage fraud and represents a large portion of lender repurchase demands. Fannie Mae’s Loan Quality Initiative guidelines “recommends that lenders have processes in place to facilitate borrower disclosure of changes in financial circumstances throughout the origination process.”

    Undisclosed Debt Verification provides real-time monitoring into borrower credit activity initiated during the “quiet period” – from the initial credit file pull through loan closing.

  • 1073 Full Condo Appraisal
    The appraiser performs a valuation based on an analysis of market data, considering the sales comparison and income approaches to value, (applicable to condominiums.) The subject receives a complete interior and site inspection, and the improvements are measured to calculate gross living areas (GLA). A sketch of the subject is prepared which includes dimensions, interior walls, room locations and calculations. Photographs of the subject’s front, rear, interior, street, and any significant features are included as well as photographs of the comparable sales. A plat map and a location map (identifying the subject and comparables) are also included. Form utilized: 1073 dated March 2005 (Individual Condominium Unit Appraisal Report.)
  • Standard Desk Review
    The reviewer reviews an appraisal submitted to the company by the client to determine if the opinion of value in the appraisal is reasonable. The subject property and comparables are not inspected. The reviewer verifies lot size, GLA, sales price, and date of sale for the subject and comparables through an acceptable public data source, unless otherwise disclosed, as of the date of the appraisal. The reviewer analyzes the selection of the comparables and the appraisal content, utilizing accepted appraisal methodology and techniques. A 36 month sales history of the subject property is researched and reported, unless otherwise disclosed. The reviewer will provide additional comparable data, if available, on a supplemental grid page if the reviewer disagrees with the opinion of value, due to poor comparable selection. The reviewer may request conversion to another company product if this methodology and data proves inadequate. Data sources utilized: Public records (where available). Form utilized: NARAMU 2006. ( Residential Appraisal Review Short Form.)
  • Field Review
    The reviewer reviews an appraisal supplied to the company by the client, to determine if the opinion of value in the appraisal is reasonable. The subject property and comparables receive an exterior inspection from the street. Photographs of the subject’s front and street, as well as the comparable sales’ front are included. The reviewer verifies pertinent characteristics and features of the subject property and the comparables (to include sales price and date of sale) through acceptable data sources, unless otherwise disclosed, as of the date of the appraisal. The reviewer analyzes the selection of the comparables and the appraisal content utilizing accepted appraisal methodology and techniques. The reviewer will provide additional comparable data, if available, on a supplemental grid page if the reviewer disagrees with the opinion of value, due to poor comparable selection. The reviewer may request conversion to another company product if this methodology and data proves inadequate. Data sources utilized: Public Records, MLS, courthouse records, brokers/agents, etc. Form utilized: Single family residences. Form 2000 dated March 2005 (One-Unit Residential Appraisal Field Review Report.)
  • Standard Enhanced Desk Review
    Same as the Standard Desk Review, with up to 3 additional comparables provided. In addition, a location map (of the subject and additional comparables) is also include
  • 20555 Exterior Only (Drive-By)
    The appraiser performs a valuation based on an analysis of market data, utilizing only the sales comparison approach to value. The subject receives an exterior inspection from the street. The subject’s improvements are not measured. Photographs of the subject’s front, street, and any significant features that could affect the value are included as well as photographs of the comparable sales. A plat map and a location map (identifying the subject and comparables) are also included. Form utilized: 2055 dated March 2005 (Exterior-Only Inspection Appraisal Report.)
  • 442 Satisfactory Completion Certificate
    Commonly known as FHLMC form 442, the 442 is required if the appraisal had major repairs/completion conditions, and it must state that the repairs were done in a professional workmanlike manner.

    New home requiring final inspection: The 442 must state the value at completion and be accompanied by photos of the front view, rear view, and street scene. In addition, a copy of the final signed-off occupancy permit, or evidence of code compliance is required on properties that are newly constructed or have had extensive remodeling.

  • Automated Valuation Model (AVM)
    Automated valuation model (AVM) is the name given to a service that can provide real estate property valuations using mathematical modelling combined with a database. Most AVMs calculate a property’s value at a specific point in time by analyzing values of comparable properties. Some also take into account previous surveyor valuations, historical house price movements and user inputs (e.g. number of bedrooms, property improvements, etc.).
  • Flood Certification
    A flood cert or flood certification in real estate is a document that states the flood zone status of real property. FEMA (Federal Emergency Management Agency) flood maps are examined using the address or geographic coordinates of the property. Using the location on the map, the flood certification provider certifies what, if any, flood zone in which the property is located.
  • Manual Verification of Employment
    An employment verification is perfect if you just need to know where an applicant is employed, but do not need to necessarily understand his or her ability to pay. An employment verification contains:

    • Leverages The Work Number database of income and employment records from over 4,800 employers nationwide, including over 75% of the Fortune 500 and the majority of federal government civilian employers
    • Contains information such as employer name and address, job title (when available), employment status, most recent hire date and length of time with employer
    • Includes information that comes direct from employers and is updated every payroll cycle
    • Provides you with actionable data that is delivered within seconds
  • SS89
    Form SSA-89 is the Authorization for the Social Security Administration (SSA) To Release Social Security Number (SSN) Verification Form. Form SSA-89 authorizes the Social Security Administration (SSA) to verify if the name and the SSN number combination match the data in the SSA’s records and to communicate the verification results to the requestor or its agent that is named in the form.

    The lender uses SSA-89 to prevent identity fraud by verifying the SSN and name with the SSA. The lender is not required to perform the SSN verification on any or all the loans. The SSA or the government does not require the lender to perform SSN verification.

    The document must be completed, signed and dated by the borrower. The lender may provide pre-printed forms where it has entered the Company’s Name, Address, or its agent’s name and address. The borrow must then sign and deliver the completed form to the lender.

Notification:

This page lists the current products offered by Appraisal Nation to our clients. While we do everything possible to ensure that all information listed below is up-to-date and accurate, Appraisal Nation is not liable for any information that is out of date and/or any products and/or descriptions that are no longer available to customers.

Should you find any information below to be inaccurate or missing, please contact us at 866-735-0901 extension 116 to have the issue corrected.