Nations Default Services is a part of a network of service providers which includes an AMC (Appraisal Management Company). For over 20 years, our appraisal management company has been a leading provider of appraisal, BPO and valuation products for regional and national lenders, banks and servicers. Every valuation is reviewed for quality assurance before it is delivered ensuring adherence to the strict guidelines of Dodd-Frank, USPAP, Fannie Mae and Freddie Mac, OTS, and Appraiser Independence Requirements (AIR) as well as any specific guidelines set forth by our clients’ underwriters and risk management departments.
1004 – REO/ Default (Listings and Repairs)
Form is designed for appraising single family residences, FHA’s, and PUD. A full internal and external inspection is completed.
Standard Interior/Exterior BPO’s
Forms standard contents based upon whether or not an Interior Inspection version was requested.
Automated Valuation Model (AVM)
Forms are statistically-based computer programs that use real estate information such as comparable sales, property characteristics, tax assessments, and price. Several enhanced versions are now available for major metropolitan areas.
2055 – Exterior Only Inspection Residential Appraisal
Form is designed for single-family residences or single-family residences with a guest unit. An exterior inspection only.
2070 – Condition and Marketability Report (FHLMC)
Form is used to determine the condition and marketability of the subject with no final determination of value. Interior only.
1004d – Appraisal Update and/or Completion Report
A new form that replaces the 442 Final Inspections and the Update of Value form. This form is used for either purpose.