Residential Valuation Solutions
BPO’S • APPRAISALS • AVMS •
RECONCILIATION REPORTS
- Nationwide coverage
- Online ordering and receiving
- Quick turn-around time
- Superior customer service
- Rush Orders
- Large nationwide network of Brokers, Agents and Appraisers
- High Touch (or Individual) Quality Control ensures each report is reviewed for quality and completeness.
Rating System
A PMH professional reviews every report for accuracy and applies a quality rating to each one. All of our vendors are reviewed and rated regularly, ensuring that only the best professionals are utilized. Vendor ratings are based on experience, timeliness, professionalism and accuracy.
BPO’s
- Provide thorough exterior/interior inspection of the subject property.
- Focus on adverse factors such as busy street location, close proximity to highways, railroad, and commercial.
- Includes color photo of subject front, street, address verification and comparables. Interior reports include a photo of each room and any notable damage to the subject property.
- Provide an analysis of the supply and demand of the subject in its current market.
- Provides real time data on competitive listings and comparable sales.
- Addresses adverse conditions evident from an exterior inspection.
- Standard market price and 30-day distressed price are provided.
The BPO is a limited real estate information report provided by a licensed real-estate professional. It is used to estimate the most probably price of the subject property in the current competitive market.
APPRAISALS
- FNMA URAR Residential Appraisals
- Full Residential Appraisal is completed on the FNMA 1004 form by a licensed, approved field appraiser. One of our approved appraisers completes a full interior and exterior inspection of the subject property, providing a summary report complete with a URAR form, subject photographs, a subject sketch, comparable photographs, a comparable location map, and a signed statement of limiting conditions.
- Full Residential Appraisal is completed on the FNMA 1004 form by a licensed, approved field appraiser. One of our approved appraisers completes a full interior and exterior inspection of the subject property, providing a summary report complete with a URAR form, subject photographs, a subject sketch, comparable photographs, a comparable location map, and a signed statement of limiting conditions.
- FNMA 2055 Drive-by Appraisal
- FNMA 2055 Drive-by Appraisal is used for the exterior inspection of single family residential properties. This self-contained report includes an adjustment grid in the Sales Comparison Analysis and is consistent with Fannie Mae Guidelines. An approved appraiser will complete an exterior inspection of the subject property and will provide a limited report, including a completed FNMA 2055 form, subject photographs, and a set of photographs showing each comparable sale.
- FNMA 2055 Drive-by Appraisal is used for the exterior inspection of single family residential properties. This self-contained report includes an adjustment grid in the Sales Comparison Analysis and is consistent with Fannie Mae Guidelines. An approved appraiser will complete an exterior inspection of the subject property and will provide a limited report, including a completed FNMA 2055 form, subject photographs, and a set of photographs showing each comparable sale.
- FNMA 2000/2000A Field Review Appraisal (2000A is used for 2 to 4 unit properties)
- For the FNMA 2000 Field Review Appraisal, an appraiser will review the original appraisal report submitted by the client and complete an exterior inspection of the subject property and comparable sales data. The results of this review will be provided on the FNMA 2000 Review Form, with the appraiser providing statements indicating either value support based on the original data, or revised/replacement data supporting a more accurate value estimate as of the effective date of the original appraisal. The field review serves as a spot-check on the original appraisal report as part of mortgage quality review. It is not intended for use as a new appraisal.
- For the FNMA 2000 Field Review Appraisal, an appraiser will review the original appraisal report submitted by the client and complete an exterior inspection of the subject property and comparable sales data. The results of this review will be provided on the FNMA 2000 Review Form, with the appraiser providing statements indicating either value support based on the original data, or revised/replacement data supporting a more accurate value estimate as of the effective date of the original appraisal. The field review serves as a spot-check on the original appraisal report as part of mortgage quality review. It is not intended for use as a new appraisal.
- FNMA Desktop Underwriter Property Inspection
- The Fannie Mae Desktop Underwriter enhanced risk assessment capability is completed on the Desktop Underwriter Property Inspection form 2075 by a state licensed or certified appraiser. One of our approved appraisers completes an inspection of the subject property from the street. However, if subject is not accessible from the street, appraiser will gain necessary access to property surrounding subject. The FNMA Form 2075 is not an appraisal report. The appraiser will not provide any indication of value with these reporting formats. Instead, this report is only an inspection report designed to confirm subject improvements and to provide general neighborhood data. Based on factors indicated in the inspection report, a full appraisal may be recommended.
We strive to use appraisers located in the same neighborhood as the property, in the belief that local knowledge assures an expert analysis of market value.
AVM-Automated Valuation Model
- SiteX
- SiteXValue
- InSight
- ValueSure
- CASA
- Valuepoint4
- HomeValueExp
- Powerbase6
- Verovalue
- AVMax
The term Automated Valuation Model actually describes an AVM’s functionality. An AVM is generated by a computer program designed to simulate the traditional appraisal process and provide residential property valuations. AVMs vary widely in accuracy, reliability, and usefulness based upon many factors including the quality of the data, real estate fundamentals and complexity of the underlying technology. Each report is given a confidence score that helps determine the accuracy of the report.
Valuation Reconciliation
Our professional and experienced staff reconciles one or more valuation reports using proprietary and external data sources. We analyze the location, subject physical characteristics, and comps to ensure accurate value and adverse factors are considered. Adverse factors such as locations next to railroad, gas station, power line and over-improvements can have a negative effect on value and marketing times. Through an in-depth, individual analysis, we make sure these influences are adequately addressed, reducing your exposure to risk and bottom line.