1-866-606-6920
Outsourcing Appraisal Services for Mortgage Lenders & Appraisal Management Companies

Appraisal Ordering & Review Outsourcing Services

We provide a full suite of residential, commercial, and specialized outsourced appraisal services to the real estate and mortgage banking industry nationwide. A real estate appraisal helps to establish a property's market value-the likely sales price it would bring if offered in an open and competitive real estate market. The Uniform Standard of Professional Appraisal Practice (USPAP), published by the Appraisal Foundation in 2003, defines an appraisal as "the act or process of developing an opinion of value; an opinion of value." Appraisals are used by mortgage lenders to ensure that the property value is adequate to support the requested loan. The property may be required to be worth more than the loan amount depending upon the lender's own criteria.

MortgagePro360 provides of a full suite of residential, commercial, and specialized appraisal, title, and closing services/products to the real estate industry.

Our valuation services consists of a comprehensive "non-traditional" approach to residential property valuation, bringing together the "best-of-class" intelligent valuation technologies, local market trending data, analytics, and core decisioning knowledge and expertise.

Our customizable service offerings can be easily configured to meet your individual business needs and price point constraints. All products, statistical thresholds, and decision based logic may be client defined. Our clients include lending institutions, mortgage brokers, investment banks, law firms, mortgage insurance, and mortgage servicing companies.


  • Fannie Mae Appraisal Reports
  • Broker Price Opinions
  • Comparative Market Analysis
  • Compliance

Fannie Mae Appraisal Forms / Reports

We prepare these streamlined appraisal reports in a manner sufficient with the underwriting expectations of Fannie Mae/HUD.

Single Family Forms
1004Uniform Residential Appraisal Report
2055Exterior-Only Drive-By Appraisal Report
2075Property Inspection Report
1004MCMarket Conditions Addendum to the Appraisal Report
1004DAppraisal Update and/or Completion Report
Condominium Forms
1073Individual Condominium Unit Appraisal Report
1075Exterior-Only Drive-By Single Condominium Unit Appraisal
Manufactured Homes
1004CManufactured Home Appraisal Report
Investment Property Forms
1025Small Residential Income Property Appraisal Report
216Operating Income Statement
1007Single Family Comparable Rent Schedule
Cooperative Property Forms
2090Individual Cooperative Interest Appraisal Report
2095Exterior-Only Inspection Individual Cooperative Interest Appraisal Report
Review Appraisals Forms
2000One-Unit Residential Appraisal Field Review Report
2000ATwo-to Four-Unit Residential Appraisal Field Review Report

Broker Price Opinions

One of the key areas where MortgagePro360 works on is the creation and management of a Chain of Title for its clients. This clearly is the primary element in the Closing Process. We provide Current Owner, 2 Owner.


  • Exterior inspection of the property
  • Description of the property's exterior condition
  • Three active listings
  • Three sold properties
  • Pictures of the property and street
  • Estimated value based on normal and 30 day marketing times
  • Location map
  • Satellite map

Comparative Market Analysis

  • Exterior and interior inspection of the property
  • Description of the property's exterior and interior condition
  • Active listings
  • Sold properties
  • Homeowner Association details
  • Pictures of the property, street scene and interior photos of all rooms and repair items
  • Estimated value based on normal and 30 day marketing times, "as is" and "as repaired"
  • Itemized list of repairs with cost to cure
  • Location map
  • Satellite map

Compliance

We maintain policies and procedures compliant with Fannie Mae and Freddie Mac Appraiser Independence Requirements (AIR) and the Dodd-Frank Act of 2010.


Meeting Government Guidelines

In order to deliver high quality appraisal products which meet industry guidelines and ensure long term compliance, Mortgage pro 360 continuously evaluates its policies and procedures and maintains rigorous training programs. As a fundamental requirement for the appraisal process, Mortgage pro 360 maintains its independence from appraisers to ensure the delivery of accurate, market-driven valuation products. Mortgage pro 360 will not influence the development, reporting, result or review of an appraisal that violates the spirit or intent of Federal, State or GSE guidelines.


Benefits
  • Accurate appraisals in 48 hours
  • Reliable outsourced solution
  • Streamlined internal client workflow
  • Reduction of internal tracking, processing functions
  • Property data sourced from credible public records
  • 100% QC review prior to delivery
  • USPAP compliant
  • Independent valuation

1-866-606-6920