Appraisal
SettlementOne offers a full range of appraisal services nationwide, assisting lenders in determining the true value of a property. Lenders using appraisal management companies, like SettlementOne, because of guidelines established by Fannie Mae and Freddie Mac, and the Interagency Appraisal and Evaluation Guidelines, issued by the federal bank, thrift and credit regulatory agencies. SettlementOne's appraisal process is 100% compliant with both guidelines and streamlines valuation operations during the settlement process.
SettlementOne understands the importance of reducing risk in collateral valuations and has developed automated and manual solutions to meet your needs. Seamlessly integrated into your LOS and auto-populating from the credit report, the appraisal network may include lenders' designated appraisers, as well as, supplemental providers.
Advantages:
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Limited One-Family Appraisals (FNMA 2055/2065): Both Qualitative Analysis Appraisal Reports (Form 2065) and Quantitative Analysis Appraisal Reports (Form 2055) are provided.
Review Appraisals (FNMA 2000 Quality Control & Pre-purchase): Either a quality control review or a pre-purchase review is prepared on the standard FNMA 2000 form and delivered with subject photos and comparable photos.
REO Appraisal: Contains both "as is" and "as repaired" market values, subject and comparable photos as well as a detailed inspection report outlining repairs which are needed and photographs of all deferred maintenance.
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