Local Expertise At Your Command
When AVMs cannot produce a value, or the risks involved in the loan require an appraiser be involved in the process, AFR utilizes ValueNet Appraisals.
Completed at the local level, by local appraisers, utilizing local data. ValueNet appraisers have deep familiarity and experience in your market. As a result, ValueNet offers a cost-effective appraisal which in most areas is completed in 48 hours. Appraisals include extensive research of the subject property, comparable selection from local data sources including MLS, and the actual valuation of the property. In addition, ValueNet’s appraisal process and report form is compliant with Uniform Standards of Professional Appraisal Practice.
ValueNet Basics
All ValueNet Appraisals include:
- Market value of the subject property
- Neighborhood characteristics and property comments
- Satellite view of the subject property
- Housing trends
- Property characteristics (lot size, rooms, baths, age, sq. ft., etc.)
- At least 3 sales comps with map
- Appraiser’s electronic signature
- 48 hour turnaround time in metropolitan areas
ValueNet Plus
With ValueNet Plus, you get all the benefits of a ValueNet Appraisal, plus:
- An exterior inspection of the home and neighborhood
- Multiple photos of the home and neighborhood
- Turnaround time 4-6 business days
ValueNet Plus EX
Designed for REO and Loss Mitigation, ValueNet Plus EX includes:
- Appraiser analysis and valuation (rather than a real estate agent for Broker Price Opinion)
- Appraiser training on proper valuation of distressed real estate
- More information than a Broker Price Opinion
- Turnaround time 4-6 business days
