PropertyRate offers a turn-key appraisal management solution to individual loan officers and entire mortgage companies to handle all forms of real estate appraisals.

Our services include the following residential products:

FNMA 1004 / FHLMC 70 Uniform Residential Appraisal

Comprehensive Uniform Residential Appraisal Report of a single-family home (or PUD unit), including an interior inspection by the appraiser using form 1004. This is the most commonly ordered appraisal product.

Drive-by 2055 (Exterior Inspection)

The same form is used as the Limited Walk-In 2055; at the bottom of page 1, the choice to mark interior inspection or exterior inspection is given. This report includes a front photo of the subject, a street photo, location map of the subject and comparable properties, and front comparable photos.

FNMA 1073

FNMA 1025 - Duplex

This counterpart to the 1004 form is used when appraising 2-4 family properties (multi-family).

FNMA 1025 - Triplex

This counterpart to the 1004 form is used when appraising 2-4 family properties (multi-family).

FNMA 1025 - Quad

This counterpart to the 1004 form is used when appraising 2-4 family properties (multi-family).

1004D / 442 re inspection

This is the re inspection form used for SUBJECT TO reports

Rent Schedule + Operating Income

Rent Schedule 1007

This form is completed by the appraiser on a rental property. Usually three comparable rental properties showing the income generated.

Operating Income 216

1004D re certification of value

This form is used when the lender wants to know whether or not the value has gone down since the original appraisal report

Additional Recert with New Comps

Retype

FHLMC Form 71-B (Multi-family/Mixed-Use <$1M)

Commercial

URAR FHA - Fannie Mae Form 1004

Comprehensive Uniform Residential Appraisal Report of a single-family home, including an interior inspection by an FHA-certfied appraiser using form 1004, with an FHA addendum. Normally used for FHA loans only.

FNMA 1075 Coop

Individual Cooperative Interest Appraisal Report (FNMA 1075)

2070 With Interior Inspection

See 2070 Form. No value is given on the report. A floor sketch, location map of subject property and photos of the front, rear and street scene of the subject property are required.

Limited Walk-In 2055 (Interior Inspection)

(Also known as Desktop Underwriter Quantitative Analysis Appraisal Report)

This report is used for single family, condominium and PUD appraisals. The report includes location map, floor sketch, front, rear and street scene photographs of the subject, front photographs of the comparables, and the Statement of Limiting Conditions.

This is a summary appraisal report. Considerably shorter than the 1004, the 2055 is used for both drive-by and walk through appraisals. At least 3 comparable sales are used. A value conclusion is made.

Drive-by 2075

(Also known as Desktop Underwriter Property Inspection Report)

See 2075 Form. No value is given on this report. A front photo of the subject and a location map of the subject property are the only addenda required.

Drive-by 2070

(Freddie Mac Loan Prospector Report)

See 2070 Form. No value is given on this report. A front photo of the subject and a location map of the subject property are the only addenda required.

2070 and 2075 Forms

These forms are used to check on the marketability of the subject and condition of the property. No value is necessary; they are only checklists, not appraisals.

Form 2070 is a condition and marketability report based on an exterior inspection and property characteristics from county records. No comparable sales are provided and no value conclusion is made.

Form 2075 is similar to the 2070, but even more abbreviated. It is based on an exterior inspection of the property. No comparable sales are provided and no value conclusion is made.

FNMA 2000 Field Review

A field review appraisal form is used for quality control; e.g., an appraiser is requested to review another appraiser’s appraisal. A drive-by of the subject and comparables is required. If the appraiser does not agree with the original value he must provide two additional comps and a new value.

FNMA 2006 Desk Review

This is a desk review appraisal form used for quality control. No drive-by is required. If the appraiser does not agree with the original value he must provide two additional comps and a new value.

Enhanced Desk Review is the same as FNMA 2006 but the appraiser must provide two additional comparables regardless of whether or not the appraiser agrees with the original value.

Statistical

This form is completed by the appraiser on a rental property. Usually three comparable rental properties showing the income generated.