REAL ESTATE APPRAISALS
Choice One Title offers a comprehensive package of residential appraisal services designed to meet your underwriter's specifications. When you utilize our ordering and tracking system, you can be sure that your order will be processed in an expedient and uniform manner which can be tracked every step of the way. Each appraisal is reviewed by experienced staff appraisers to ensure compliance with FHCMC/FNMA, FIRREA, FHA and federal regulatory guidelines; and to ensure superior quality.
Appraisal Products
Choice One Title can provide you with the following appraisal products:
- Exterior and interior (full) appraisals (1004)
- Summary one-family appraisal (2005)
- Drive by appraisal (704)
- AVM (Automated Valuation Models)
- Property analysis reports
- Desk and field review appraisals
- Foreclosure and REO appraisals
- Broker price opinion
Appraiser Quality Control
Choice One Title requires that its independent appraisers comply with its strict quality guidelines, including:
- Compliance with FHLMC/FNMA, FIRREA, FHA and federal and state regulatory guidelines.
- Proper license and certifications
- References from third party sources
Choice One Title monitors the quality standards of all appraisers in our network through the use of:
- Multi point checklists
- Desktop reviews
- Field reviews