Full Service Appraisal Management
Dodd-Frank & FHA Compliant 
January 31, 2012
AppraisalPro QuikVal© is a Restriced use Appraisal Reporting Service. The appraisal is completed by licensed and certified appraisers, NOT Realtors.
The report is intended to give clients and consumers a “quick snapshot” of values in the area around their home, and keeps a reluctant home owner from having to pay for a full appraisal fee in some cases.
This will be a “restricted use” report, meaning, that the product will not be a viable option for a lender to use in a primary loan application for the underwriting process. This product is also only useable by ONE client and cannot be re-assigned.
The reports intended use is to do the following:
- provide a quick snapshot of an estimated value
- save a potential client money on an uncertain outcome with a low fee of $95.00
- reduce the volume of un-necessary full appraisal requests when a higher value is questioned by the bank or consumer
- provide REO - foreclosure and collateral valuation analysis at a reduced cost
- add additional “tools” to the underwriting and mortgage loan process
This form is a hybrid between the traditional AVM products and the BPO products, but offers more accuracy and reliability and the certification of appraisers. Note: There is NO on-site inspection with this product.
This form is NOT eligible for a “reconsideration of value”. And, if the form is requested by the client, and a subsequent FULL appraisal is ordered on this property, the full appraisal fee would be required. So it does not limit the fee of any future appraisal requests on a particular property.
Report turn around is 24-72 business hours.
Please see the example form. This product is now available on a limited “trial” period per client.
This form is USPAP compliant.
If you are a client that is interested please select the form “Restriced Use QuikVal” on the drop down menu. If you are a consumer and would like to order this product directly, please email us at appraisals@appraisalpro.com
We hope this new product brings additional value to our already expansive list of options!
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