Appraisal and Valuation

Standard Origination Loans

  • FHA Full Appraisals – Form is designed to be more detailed than your standard appraisal and to be used for an FHA Loan. A full internal and external inspection is completed.
  • 1004 – Uniform Residential Appraisal Report (URAR) – Form is designed for appraising single family residences, FHA’s, and PUD. A full internal and external inspection is completed.
  • 1004c – Manufactured Home Appraisal – This form is specific to appraise manufactured/mobile/modular homes. A full internal and external inspection is completed.
  • 1073 – Full Condominium or PUD Report – Form is designed for full condominium or PUD reports. A full interior and exterior inspection of the subject is completed.
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Alternative & Preliminary Value Reports

  • Nations Comp Locator Plus (NCL+) – An automated report that provides sales comparison data for your subject property. Compilation of several proprietary Data Sources not available to public.
  • Automated Valuation Model (AVM) – Forms are statistically-based computer programs that use real estate information such as comparable sales, property characteristics, tax assessments, and price. Several enhanced versions are now available for major metropolitan areas.
  • 1075- Exterior Only – Form is designed for drive-by inspections on condominium properties. An exterior inspection only is performed.
  • 2055- Exterior Only Inspection Residential Appraisal Report – Form is designed for single-family residences or single-family residences with a guest unit. An exterior inspection only.
  • 2070 – Condition and Marketability Report (FHLMC) – Form is used to determine the condition and marketability of the subject with no final determination of value. Interior only.
  • Standard Interior/Exterior BPO’s – Forms standard contents based upon whether or not an Interior Inspection version was requested.
  • Fannie Mae Interior/Exterior BPO’s – Forms available as Interior/Exterior or the Standard Interior form. The two page version bases its value on an exterior and interior inspection.
  • Fannie Mae Plus Interior/Exterior BPO’s – Form is more detailed, this two page form basis its value on versions that have an interior inspection included or an exterior inspection only.
  • Freddie Mac Interior/Exterior BPO’s – Forms available as Interior/Exterior or the Standard Interior form. The two page version bases its value on an exterior and interior inspection.
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Appraisal Reviews

  • Reconciled Market Value (RMV) – A licensed appraiser reviews the comparables and adjustments on an appraisal to try and determine how much the property would sell for.
  • 2000 – Appraisal Field Review – Form is designed to spot-check appraisal component of its quality control process. A field review report gives the lender/client an opinion on the accuracy of the appraisal report under review.
  • 2006 – Appraisal Desk Review – Form is designed to provide an opinion of market Value for a residential property based on a “desktop” review of an appraisal. No inspections are performed as research, analysis, and conclusions are derived by the reviewer.
  • 2000a- Two-Four Unit Appraisal Field Review Report – Form is designed to spot-check appraisal component of its quality control process. A field review report gives the lender/client an opinion on the accuracy of the appraisal report under review.
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REO & Distressed Loan Appraisals

Nations understands the needs of clients who order appraisals for pre-foreclosure, foreclosure, or post-foreclosure scenarios, all the way until sale of the property as REO.

  • 1004 – REO/Foreclosure (Listings and Repairs) – Form is designed for appraising single family residences, FHA’s, and PUD. A full internal and external inspection is completed.
  • 1004d – Appraisal Update and/or Completion Report – A new form that replaces the 442 Final Inspections and the Update of Value form. This form is used for either purpose.
  • Automated Valuation Model (AVM) – Forms are statistically-based computer programs that use real estate information such as comparable sales, property characteristics, tax assessments, and price. Several enhanced versions are now available for major metropolitan areas.
  • Standard Interior/Exterior BPO’s – Forms standard contents based upon whether or not an Interior Inspection version was requested.
  • 2055- Exterior Only Inspection Residential Appraisal Report – Form is designed for single-family residences or single-family residences with a guest unit. An exterior inspection only.
  • 2070 – Condition and Marketability Report (FHLMC) – Form is used to determine the condition and marketability of the subject with no final determination of value. Interior only.