FNMA URAR Residential Appraisals

Epic Real Estate Solutions, Inc.'s Full Residential Appraisal is completed on the FNMA 1004 form by a licensed, approved field appraiser. One of our approved appraisers completes a full interior and exterior inspection of the subject property, providing a summary report complete with a URAR form, subject photographs, a subject sketch, comparable photographs, a comparable location map, and a signed statement of limiting conditions. The Full Residential Appraisal will:

  • Provide an interior and exterior inspection of the subject property and an exterior inspection of the comparable properties.
  • Report on the condition of the neighborhood and subject site.
  • Include an adjustment grid in the Sales Comparison Analysis Report on typical marketing time in the area for similar properties.
  • Provide property profile (ex. Number of bedrooms and bathrooms).
  • Comment on the subject's compatibility with other properties in the neighborhood, including general appearance and appeal to the market.
  • Include subject front, rear, and street scene photos as well as front photos of each comparable.
  • Define the market value for the property.

FNMA 2055 Drive-by Appraisal

Epic Real Estate Solutions, Inc.'s FNMA 2055 Drive-by Appraisal is used for the exterior inspection of single family residential properties. This self-contained report includes an adjustment grid in the Sales Comparison Analysis and is consistent with Fannie Mae Guidelines. An approved appraiser will complete an exterior inspection of the subject property and will provide a limited report, including a completed FNMA 2055 form, subject photographs, and a set of photographs showing each comparable sale. The Drive By Appraisal will:

  • Provide an exterior inspection of both the subject property and each comparable Report on the condition of the neighborhood and subject site.
  • Include an adjustment grid in the Sales Comparison Analysis Report on typical marketing time in the area for similar properties.
  • Provide property profile based on public records (ex. number of bedrooms and bathrooms).
  • Comment on the subject's compatibility with other properties in the neighborhood, including general appearance and appeal to the market.
  • Include subject front and street scene photos, as well as front photos of each comparable Interior inspections are available upon request and will be completed on the FNMA 2055 form dated 9-96. Interior inspections include all of the above as well as a sketch showing interior room dimensions.

FNMA 2000 Field Review Appraisal

For the FNMA 2000 Field Review Appraisal, an appraiser will review the original appraisal report submitted by the client and complete an exterior inspection of the subject property. The Appraiser will also review the comparable sales data in the original Appraisal. The results of this review will be provided on the FNMA 2000 Review Form, with the appraiser providing statements indicating either value support based on the original data, or revised/replacement data supporting a more accurate value estimate as of the effective date of the original appraisal. The field review serves as a spot-check on the original appraisal report as part of mortgage quality review. It is not intended for use as a new appraisal. The Field Review Appraisal will:

  • Provide an exterior inspection of both the subject property and each comparable.
  • Determine the completeness and accuracy of data in the original appraisal.
  • Address all factual, judgmental and appraisal technique discrepancies.
  • Include subject front and street scene photos, as well as comparable front scene photos.
  • Provide additional comparables upon request.
  • Client is required to submit a copy of the original appraisal report for review.

Other Appraisal/Valuation Products

  • Raw Land Appraisals.
  • Update of Appraisal.
  • Completion Inspection(FNMA 1004D).
  • Multi-family Appraisals.
  • REO/Foreclosure Appraisals.
  • BROKER PRICE OPINION.
  • Desktop Review InHouse(Compliance Review).
  • Desktop Review - Field(2006).
  • Construction Draw.
  • HUD Review(HUD 1038).
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