Our nationwide network of highly qualified valuations professionals, broad selection of services and specialized analytic tools provide the detailed valuation information you need to help you maximize net recovery on your REO assets.
Our product and service selection includes:
Hybrid, Analytic and Automated Tools
HomeStandings™ – This tool combines property, neighborhood and market characteristics to provide a real-world understanding of a home’s value, marketability and rent potential. Learn More about HomeStandings >>
ValuePoint 4 Default – We developed this AVM solution specifically for use in default servicing and early-stage loss mitigation situations. ValuePoint 4 Default empirically adjusts for distressed property conditions, unlike other AVMs that assume each property is in average condition for the neighborhood. Learn More about ValuePoint 4 Default >>
Value Reconciliation Report – Our Value Reconciliation Report provides an analysis of two or more residential property valuations to assist lenders and servicers in reconciling disparate values on specific non-performing real estate assets. Learn More about Value Reconciliation Report >>
Appraisals
1004 URAR REO – The report is based on an interior and exterior inspection of the subject property and includes:
- REO Addendum that provides an itemized cost of repairs as well as an "as-is" and "as-repaired" value
- Neighborhood and current market data
- Text addenda, as needed
- Statement of Limiting Conditions/Appraiser’s Certification
- Photos of the subject and comparable properties
- Location map
- Building sketch
- Miscellaneous addenda, exhibits and proprietary forms, per your requirements
1004C URAR/Manufactured Housing – This form is based on an interior and exterior inspection of the subject property. It covers an appraisal of a one-unit manufactured home, including a manufactured home in a planned unit development (PUD). For a manufactured home in condominium or cooperative projects, the appraiser inspects the project and completes the project information section of the Individual Condominium Unit Appraisal Report or the Individual Cooperative Interest Appraisal Report and attaches it as an addendum.
1004D Update Appraisal/Final Inspection – This report provides an accurate update of a prior appraisal. It can also be used to report a certificate of completion. Appraisers identify the services they provided by selecting the appropriate report type. At a minimum, an appraisal update includes an exterior inspection from the street along with research, verification and analysis of the current market data to determine if the property has declined in value since the effective date of the original appraisal. Required exhibits for new or proposed construction include clear, descriptive photographs of the completed improvements. The report also provides any other attachments necessary to provide an adequately supported opinion of the market value.
1007 Rent Schedule – This form reports the appraiser-provided market rent for a conventional single-family investment property.
1025 Multifamily REO –This forms reports an appraisal of a two- to four-unit property and includes:
- Comprehensive interior and exterior inspection of the subject property and neighborhood
- REO Addendum that provides an itemized cost of repairs as well as an "as-is" and "as-repaired" value
- Current market data
- Text addenda, as needed
- Statement of Limiting Conditions/Appraiser’s Certification
- Photos of the subject and comparable properties
- Location map
- Building sketch
- Miscellaneous addenda, exhibits and proprietary forms, as required by the customer
1073 Condo REO – This form provides an appraisal report for a unit in a condominium project or a condominium unit in a planned unit development (PUD) and includes:
- Comprehensive interior and exterior inspection of the subject property, neighborhood and current market data
- REO Addendum that provides an itemized cost of repairs as well as an "as-is" and "as-repaired" value
- Text addenda, as needed
- Statement of Limiting Conditions/Appraiser’s Certification
- Photos of the subject and comparable properties
- Location map
- Building sketch
- Miscellaneous addenda, exhibits and proprietary forms, as required
2055 Exterior Quantitative Analysis – This limited single-family residential appraisal and summary report eliminates the cost and income approaches to value by using the sales-comparison analysis method to prepare the Value Appraisal Summary Report. It provides an appraisal based on an exterior-only inspection of a one-unit property or a one-unit property with an accessory unit, including a unit in a planned unit development (PUD), of the property from at least the street. This report does not cover an appraisal of a manufactured home or a unit in a condominium or cooperative project.
216 Operating Income Statement – This form allows you to determine the amount of operating income you can use in evaluating the applicant's credit on conventional mortgage applications that are secured by single-family investment properties and all two- to four-family properties, including those in which the applicant occupies one of the units as a principal residence.
Broker Price Opinions (BPOs)
1-Page BPO 1S – This one-page report contains comparable data from one other property. This report is used by clients who need a short form for an equity line application, portfolio analysis, quality review or early default detection. Available in both interior and exterior versions.
1-Page BPO 3S – This one-page report contains comparable data from three comparable sales. This solution shows a larger portion of the market and provides a more in-depth analysis of the subject. A cost-saving alternative to more comprehensive reports, it is often used by clients who need a short form for portfolio analysis, quality review, early default detection or loss mitigation. Available in both interior and exterior versions.
1-Page BPO 3S3L – This one-page report contains data from three comparable sales and three competitive listings. This solution shows a larger portion of the market and provides a more in-depth analysis of the subject. A cost-saving alternative to more comprehensive reports, it is often used by clients in a variety of applications across all steps of the default process. Available in both interior and exterior versions.
2-Page BPO – This two-page report provides a cost-effective, accurate and time-sensitive alternative to conventional appraisals. The report includes a more in-depth analysis of the subject property, three comparable sales and three competitive listings. Property details include condition analysis and estimates for needed repairs. In addition, the report includes a more comprehensive view of the neighborhood and surrounding market conditions in relation to the property. Available in both interior and exterior versions.
Inspection and Verification Services
Property condition is a key ingredient in determining proper pricing of distressed properties. We offer several inspection approaches. For details of the services we offer, see our Property Inspections page.
