Supporting property appraisers in arriving at the property's accurate value with quick turnaround times is achievable with Orchestrate's Mortgage Appraisal Support service. Our experts are conversant with the requirements of the United Standard of Professional Appraisal Practice. We will ensure that the appraisers have done their best by reviewing their reports. It will reassure you that the property has been appraised optimally.
We can review the appraisal report of properties against different types of values like foreclosure, fair market, distressed sale, and investment.
Appraisal review support is also offered at different stages of mortgage services like mortgage origination, refinancing, and default services.
The appraiser is provided with all the property details so that they can reach the closest estimation.
Appraisal review report consists of extensive information like the property's condition with photographs (Interior, Exterior, and Surrounding), details of utilities – electricity, water, and sewer.
We validate if the appraisal report is equivalent to comparable properties.
Our team is thoroughly trained in the United Standard of Professional Appraisal Practice requirements, Appraiser Independence Requirements, Dodd-Frank Wall Street Reform and Consumer Protection Act, and Interagency Appraisal and Evaluation Guidelines.
The quality of review reports and the practices we follow ensures the highest standards of banking processes. Our clients can rest assured that fair mortgage practices have been adhered to.
In addition to the comprehensive information captured in the report, we make sure that the report complies with the regulators and stakeholders' specifications.