As the industry continues to move forward in the Appraisal Modernization front, SingleSource is excited to support our customers through the current acceptance and approval of the Fannie Mae (Form 1004H) and Freddie Mac (Form 70) Desktop reporting.
The FNMA Form 1004 Desktop Hybrid assignment does not require an interior and exterior on-site inspection of the property. The appraiser will rely on abstracted data obtained from outside resources to identify the property characteristics and condition, along with a property information and condition report that may be supplied by a qualified contributor.
Extra requirements to meet the FNMA Form 1004 Desktop assignment include:
Throughout the process — from order assignment to in-house quality assurance review to final report delivery — you can be confident your valuation products meet your specific account, product and industry compliant requirements.
Broker Price Opinion (BPO)
Automated Valuation Models (AVM)
SingleSource offers numerous comprehensive Automated Valuation Models to assist in establishing market value for a specific property. Models available include statistical appreciation, hedonic, as well as linear regression analysis. Our products can be ordered using the “cascade” approach to automatically upgrade to the next-tiered product based on coverage and complexity of the valuation.
Staff Field Appraisers
The SingleSource Staff Field Appraiser Division was implemented to prevent our clients from experiencing extended turnaround times (in key markets) during seasonal volume increases. The Staff Panel delivers quality appraisals in an expedited manner. In addition, they accept pre‐set inspection dates and times (at client request). This process allows our clients’ borrowers the flexibility of scheduling appointments with an appraiser who will not state “we are booked this week”.
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