Appraisal Products:  Reviews & Inspections

Standard Desk Review

• Review of an appraisal furnished to LSI by a lender, to determine if the opinion of value in the appraisal is reasonable
• Subject property and comparables are not inspected
• Reviewer verifies lot size, GLA, sales price, date of sale for the subject property and comparables through an acceptable public data source as of the date of the original appraisal
 

Standard Enhanced Desk Review

• Identical to Standard Desk Review, with up to 3 additional comparables provided
• Location map (of the subject and additional comparables) included
 

Standard Field Review

• Review of an appraisal furnished to LSI by a lender to determine if the opinion of value in the appraisal is reasonable
• Subject property and comparables receive an exterior inspection from the street
• Photographs of the subject's front and street, as well as the comparable sales' front are included
• Reviewer verifies pertinent characteristics and features of the subject property and the comparables (to include sales price and date of sale) through acceptable data sources as of the date of the original appraisal
 

Standard Enhanced Field Review

• Identical to Field Review, with up to 3 additional comparables provided
• Location map (of the subject and additional comparables) included

Standard Field Review w/Interior Inspection

• Field Review with the addition of an interior inspection of the subject property
• Photos of the subject's front, rear street and interior specified by the lender
 

Appeal Analysis

• Identical to Field Review with the addition of MLS print outs (where available) for comparables used in the original report and any new comparables introduced by the reviewer
• Primarily used for the detection of a fraudulent appraisal
 

Disaster Inspection Report

• Valuable tool for lenders, servicers, investors or holders of mortgage-backed securities, which may have loans that are at risk due to a natural disaster
• Damage identified if present and indications provided if a more in-depth evaluation is required
• Inspections may be performed by QC analyst, Realtor or Licensed Appraiser based on need and cost requirements
 

Appraisal Update and/or Completion Report FNMA 1004D

• Update to a previous appraisal that was prepared subject to completion of repairs or incomplete items
• Items completed or to be completed since time of original appraisal are noted
• Appraiser who completed original appraisal report performs re-inspection
• Lender can utilize to ascertain the current construction status of subject property without incurring the cost of another appraisal