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Better appraisals =
faster turnaround times
& lower costs
Many appraisal
management companies and
appraisal firms promise
a 5 day turnaround on
appraisals that require
interior inspections...
But, 5 days from when to
when?
If you are measuring
your appraisal turn
times from the date of
order acceptance to the
date of report delivery,
you are probably getting
the short end of the
stick.
At Appraisal.com, we
measure turn times from
the date that you enter
the order in YOUR system
until the date that you
get a GOOD appraisal
that will pass
underwriting. When other
companies promise five
days, they usually
deliver in 10. With the
Appraisal.com Nationwide
Appraisal Network, "five
days" means five days.
How do we do it? It's
simple: we start the
quality control process
the moment you place an
appraisal order and we
remain relentless about
quality control on each
and every appraisal
until it has been
delivered and you are
satisfied.
Questions?
Contact an Account
Executive at:
(800) 203-3319 x523
or, email
sales@appraisal.com
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Four layers of
Quality Control:
#1 -
Appraisal
Requirements
& Formal
Engagement
Each and
every
appraisal
order
transmitted
through the
Appraisal.com
Nationwide
Appraisal
Network is
delivered to
the
appraiser
with a
customized
set of
appraisal
requirements.
The
appraiser
must
digitally
sign an
electronic
Engagement
Letter
stating that
they agree
to the
Appraisal
Requirements
for the
order.
Requirements
can be
easily
altered to
meet your
individual
needs on a
company-by-company
or
loan-by-loan
basis.
Discussing
the
requirements
in advance
helps to
make certain
your
appraisals
are done
right.
#2 - Comp
Checks for
Reality
Checks
The
moment you
place an
appraisal
order,
Appraisal.com
performs a
comparables
search and
shares the
"Comparables
Check
Report" with
both you and
the
appraiser.
This
proactive
approach
provides a
reality
check on the
borrower's
estimate of
value and
also makes
certain that
both the
appraiser
and the
mortgage
broker have
the same
information.
Click here
for a sample
report.
#3 -
AppraisalAuditTM
While
the
appraiser is
in the
process of
uploading
their
completed
appraisal to
Appraisal.com,
AppraisalAudit
technology
checks the
report for
over 30,000
common
errors and
problems. If
a problem
exists,
AppraisalAudit
instantly
records the
problem,
informs the
appraiser
and
automatically
negotiates
the required
changes with
the
appraiser.
#4 -
QAReviewTM
Because
there are
some
mistakes
that
technology
just can't
catch,
Appraisal.com
has a team
of quality
control
experts at
our Buffalo,
New York
operations
center that
read every
appraisal
that flows
through the
Appraisal.com
Nationwide
Appraisal
Network. All
issues are
logged in
our QAReview
system and
issues are
discussed by
email or
telephone
with
appraisers.
When it
passes
QAReview,
it's ready
for
underwriting!
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