Valuation Solutions

Whether you’re looking for a full appraisal or an evaluation method, our residential and commercial property valuation products are designed to save you time and money — and to ensure compliance with the Interagency Appraisal and Evaluation Guidelines.

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Residential Valuations

Automated Valuation Models (AVMs)
(For loan amounts up to $250,000)

The New Vista AVM Cascade accesses data from five leading AVM providers, and is customizable to meet your specific validation criteria. You may also perform your own internal tests and order any individual AVM. An Interagency-compliant Property Market Condition Report may be ordered as well.

Validated Cascade
(For loan amounts up to $250,000)

This AVM cascade is pre-validated by AVMetrics, an independent testing firm that compares the AVM data with recently closed transactions to verify its accuracy at the county level. Testing is performed each calendar quarter. An Interagency-compliant Property Market Condition Report may be ordered as well.

Property Market Condition Report

Our Property Market Condition Report is a comprehensive analysis of the economic and market conditions of the subject property, including exterior photos. It’s designed to be used in conjunction with an AVM, thus satisfying the requirements set forth in the Interagency Appraisal and Evaluation Guidelines.

Information in the report:

  • Property vacancy
  • For Sale or Rent Signs
  • Safety or Habitability Issues
  • Adverse and Positive External Factors
  • Verification of Address
  • Condition after floods, earthquake or storm damage
  • The condition is verified by professional inspectors.

Key Benefits:

  • External inspection results of the subject property and neighborhood
  • Photo documentation of the subject property’s exterior
  • Compliant with new appraisal rules
  • Identifies the actual condition of the subject property

For more information about the use of evaluations explained in the Interagency Guidelines, visit our Compliance Insights section.

Residential Evaluations
(For loan amounts up to $250,000)

Utilizing the top five evaluation providers in the nation, we provide a comprehensive analysis of inspection and market data designed to meet the requirements set forth in the Interagency Appraisal and Evaluation Guidelines.

This valuation method is faster and less expensive than traditional appraisals. The report uses a market-based approach to valuation, and can be applied to improved and unimproved property. The standard evaluation provides an exterior inspection with photos, but may also include an interior inspection with photos.

The standard exterior inspection includes:

  • Listing information for the subject property
  • Prior transaction history for the subject property
  • Summary of neighborhood market conditions and the subject property’s marketability
  • Neighborhood REO information
  • Exterior photos of the subject property
  • Location map of the subject property
  • In depth commentary on the subject property

Limited Residential Appraisal

Our Limited Appraisal is performed by a licensed appraiser in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP). Fast, accurate and compliant — this valuation method is perfect for a portfolio review or a second mortgage.

Traditional Appraisal

Our traditional appraisals are presented on Fannie/Freddie approved forms and may be uploaded through the Uniform Collateral Data Portal® (UCDP) to either entity. We work with the top national appraisal management companies and we always make sure you stay compliant with Interagency Guidelines.

Product options include:

URAR Uniform Residential Appraisal Report (FNMA 1004)
Drive-by Exterior Inspection (FNMA 2055)
Small Residential Income Property Appraisal Report (FNMA 1025)
Field Review (FNMA 2000)
Desktop Appraisal (FNMA 2075)
Desk Reviews (FNMA 2006)

Appraisal Firewall

The Appraisal Firewall is a secure, online appraisal routing and communications technology tool that can send UAD-compliant appraisals to Fannie/Freddie via the UCDP portal on your behalf.

You can choose your own appraiser from your in-house approved list, access appraisers from a third party appraisal management company, or choose from a national network of 15,000 appraisers on the Firewall.

Commercial Evaluations

Commercial evaluations are available for commercial loan amounts under $500,000 and qualified business loans under $1,000,000 — to learn more about the CRE appraisal threshold increase from $250K to $500K, visit our blog post: Final Rule From Federal Agencies Raises CRE Appraisal Threshold to $500,000

These reports are designed to provide commercial lenders, investors and servicers with a fast, cost-effective (often under $1,000) valuation solution for commercial loan amounts under $500,000. They can be completed using the sales comparison approach or a combined sales and income approach.

All reports are compliant with Interagency Appraisal and Evaluation Guidelines.

Product offerings include:

Basic — Commercial Property Exterior Inspection
A quick and easy in-person audit of the property’s condition and location.

Premium — Commercial Property Exterior Evaluation (Market Approach)
Utilizes the Market Approach and includes research of public and/or transaction records to identify comparable properties that have been listed and sold in the subject property’s market area

Elite — Income-based Property Exterior Evaluation (Income and Market Approach)
Includes an opinion of value based on reconciling both the Income and the Market Approaches to valuation. Calculations of Gross Operating Income, Net Operating Income, CAP Rate and CAP Rate Value are included along with Listed and Sold comparables.

Elite CCIM — Income-Based Property Exterior Evaluation (Income and Market Approach)
Identical to the Income Based Property Evaluation report described above with one significant advantage — includes a CCIM (Certified Commercial Investment Member)-Designated Agent to fulfill the report. CCIMs have completed a designation curriculum that covers essential CCIM skill sets including ethics, interest-based negotiation, financial analysis, market analysis, user decision analysis, and investment analysis for commercial investment real estate.

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