Desktop Appraisals
Delivering to your desktop appraisal needs
We have the people, resources, technology and processes to deliver an efficient desktop appraisal.
What is a desktop appraisal?
A desktop appraisal is a fast, efficient way of evaluating a property’s value using tax records, photos and data listed on the Multiple Listing Service (MLS). This type of appraisal takes the place of a full appraisal in which an appraiser will visit the property to take measurements and collect information firsthand.
Desktop appraisals, which are faster than full appraisals, are held to the same USPAP and FIRREA standards. They are only available for single-family home loans, whereas full appraisals can be used for all types of loans and properties.
Fannie Mae & Freddie Mac incorporated desktop appraisals into their selling guides for certain purchase loans starting March 19, 2022, with Freddie Mac further expanding desktop use as of July 17, 2022. SVI has the ability to support the new requirements using its VALIDITY inspection tool and National Agent/Broker Network.
Which appraisal product is the right choice?
Fannie Mae 1004 Desktop
Fannie’s Mae’s Uniform Residential Appraisal Report used for desktop appraisals.
Freddie Mac 70D
Freddie Mac’s requirement when completing a desktop appraisal in which the appraiser must also include a floor plan and building sketch.
SVI’s Appraisal Desktop with Inspection (ADI)
An affordable limited scope home appraisal that is completed by a state credentialed appraiser in adherence with USPAP and FIRREA.
Looking for speed, accuracy and compliance without the expense of a field appraisal?
SVI’s desktop appraisal solutions put all relative market data at the appraiser’s fingertips, eliminates rekeying of data and provides more robust market analysis and data validation. The result? Faster turnaround times, improved accuracy and stronger supporting data.
Compliant
Completed by a state credentialed appraiser in adherence with USPAP and FIRREA
Complete
Our use of a licensed real estate professional to conduct the property inspection means someone with factual local market knowledge is completing the inspection
Accurate
Completed by a licensed/competent appraiser located in the state of the subject property
Agile
Faster than a conventional field appraisal. Lead time, less than 5 business days
Economical
Affordable alternative to a field appraisal by using a licensed real estate professional to conduct the inspection.
SVI’s Full Suite of Valuation Products
SVI delivers residential appraisal products for a variety of needs, including conventional financing, FHA financing and loan servicing.
Appraisals
Full Appraisal Management Company (AMC) services for conventional financing, FHA financing and loan servicing
Review Products
Desktop reviews, Reconciliations, Tie-Outs, and SVI’s Appraisal Risk Review (ARR)
BPOs
Broker Price Opinions (BPOs), evaluations and inspections options
AVMs
Automated valuation models (AVMs) built on national market data, appraisal valuation modeling, analytics, indexes and forecasts
Appraisal Desktop with Inspection
A timely and affordable limited scope home appraisal, perfect for instances where a full appraisal is not required
Ready to get started with our team of experts?
Get in touch with us today to speak to one of our real estate valuation experts and learn how SVI can help your organization succeed.