Appraisal Services

Reconciliation Letter
The Reconciliation Letter is an appraisal review prepared by a certified appraiser. The letter compares and contrasts two or more appraisals of the subject property and provides detailed analysis of the strengths and weaknesses of each report. The letter provides conclusions as to the quality of the work in each appraisal and contains either a recommendation for further action on the case or a recommendation that no further action be pursued. The Reconciliation Letter contains a signed certification and the process and the letter comply with Standard 3 of the Uniform Standards of Appraisal Practice.

Reconciliation Review
The Reconciliation Review is a spreadsheet analysis of two valuation products completed by an analyst. The analyst is not a certified appraiser but has training and experience in administrative appraisal review. The two valuation products may be a broker price opinion and an appraisal or two appraisals. The analysis may or may not be augmented by an Automated Valuation Analysis. The analyst prepares the spreadsheet to allow the reader to quickly compare and contrast the results of the two valuations. The analyst provides comments and conclusions on the relative strengths and weaknesses of the valuations. Our proven Disposition Value Recommendation (DVR) report and our Current Listing Recommendation (CLR) report are examples of our Reconciliation Review process. Each JVI Reconciliation Review process is crafted to meet client specifications. The review has been used to assist in analysis of disposition prices and marketing strategies for REO properties.

JVI Administrative Review
The JVI Administrative Review includes a review for

• (A) completeness of the appraisal
• (B) adequacy and relevance of the data presented and the propriety of the adjustments to the data
• (C) appropriateness of the appraisal methods and techniques used
• (D) compliance with the Uniform Standards of Professional Appraisal Practice and the client specific requirements

It is assumed that the data included in the appraisal is true and correct. An administrative review does not include a judgment as to the reasonableness or reliability of the value conclusion in the appraisal. If the appraisal is incomplete or deficient in terms of USPAP or client specific requirements, the appraisal is returned to the appraiser for correction.

BPO Interior Plus
An opinion of property price (both As-Is and As-Repaired) rendered by a local broker and reviewed by a JVI appraiser. Local broker will complete interior and exterior inspection and provide 3 comparable sales as well as 3 comparable listings. All submitted BPO reports undergo a thorough review by a JVI appraisal reviewer with attention to value-related issues.

BPO Exterior Plus
An opinion of property price rendered by a local broker and reviewed by a JVI appraiser. Local broker will complete an exterior inspection and provide 3 comparable sales as well as 3 comparable listings. All submitted BPO reports undergo a thorough review by a JVI appraisal reviewer with attention to value-related issues.

BPO Interior Jumbo Plus
Used when Property Value is over 1 Million Dollars. An opinion of property price (both As-Is and As-Repaired) rendered by a local broker and reviewed by a JVI appraiser. Local broker will complete interior and exterior inspection and provide 3 comparable sales as well as 3 comparable listings. All submitted BPO reports undergo a thorough review by a JVI appraisal reviewer with attention to value-related issues.

BPO Exterior Jumbo Plus
Used when Property Value is over 1 Million Dollars. An opinion of property price rendered by a local broker and reviewed by a JVI appraiser. Local broker will complete an exterior inspection and provide 3 comparable sales as well as 3 comparable listings. All submitted BPO reports undergo a thorough review by a JVI appraisal reviewer with attention to value-related issues.

Desk Review
This report is designed to report on an appraisal report completed by a different appraisal firm. The appraiser reviews all information and conclusions of the original report. No inspection of the subject or comparables is completed. A statement indicating if the value on the original report is supported will be provided.

FHA Desk Review
This report is designed to report on an appraisal report completed by a different appraisal firm when FHA financing is involved. The appraiser reviews all information and conclusions of the original report. No inspection of the subject or comparables is completed. A statement indicating if the value on the original report is supported will be provided.

Final/Compliance Inspection
This report is used to complete an Appraisal Update, a Completion Report, or both. The Appraisal Update is used to update the effective date of an appraisal report. This report is considered a new appraisal assignment and the appraiser will indicate if any changes have occurred to the subject's market value since the time of the original report. The Completion Report is used for appraisals that were completed "Subject To." This report will verify that the conditions of the original report have been met. The necessary portions of the subject property will be inspected.

JVI Desktop Analysis
JVI’s desktop appraisal is a restricted use appraisal completed by a local licensed/certified real estate appraiser who estimates the market value of the fee simple interest of a property from their desktop (no interior/exterior inspection is completed). The information included in JVI’s desktop appraisal concentrates on the market value of the subject property and can be customized to meet our client’s specific requirements. The desktop appraisal is used by JVI to provide clients with a low-cost appraisal alternative which can typically be completed in 48 hours or less in most markets. JVI also completes an administrative review on each appraisal report, where we ensure that the appraiser has provided a USPAP compliant report which meets standard appraisal technique and client specific requirements.

Collateral DNA-Property Scan
FNC’s Property Scan provides details on the subject property, its neighborhood, and recent area sales. This multi-faceted report, supported by data from FNC’s National Collateral DatabaseTM, helps users identify potential loss exposures by gaining better collateral transparency.

QC Vigilance
QC Vigilance is an interactive review tool that helps users determine whether the appraiser selected the most appropriate comparables. It’s ideal for underwriters, reviewers, and quality assurance, quality control, or capital market groups.

TrueRisk
Automated real estate valuation platform that reveals a 360 view of value, risk and market dynamics with intelligent AVM technology and advanced integrative features.

Analyst Assisted Valuation
JVI Solutions, LLC utilizes the TrueRisk report to provide an Analyst Assisted Valuation. The True Risk Report incorporates public record and Multiple Listing Service information comparables are scored and displayed on an interactive map with street and bird’s eye views as well as satellite imagery. The report uses proprietary software to select comparable properties and calculate a value. The JVI analyst orders the report, and reviews available information concerning the subject property and comments on any factor that may affect the value. The JVI analyst reviews the output and may disqualify sales included in the analysis based on criteria that is important to the assignment. If the analyst has disqualified sales, the model calculation will be refreshed to produce a new value indication. The report and the analyst’s commentary will be forwarded to the client in an interactive electronic report. The report is also offered retrospectively as well.

Commercial Narrative
Narrative appraisals are generally defined as written appraisals not reported using a form. The Uniform Standards of Professional Appraisal Practice identifies three levels of appraisal reporting including the self-contained report, a summary report and the restricted report. The typical commercial appraisal is a summary report.

Form reports
There are several commercial form reports available. Freddie Mac 71B rev. 8/77 is an older but useful form for certain commercial properties when a narrative is not necessary or desirable. Form reports are generally summary reports.

JVI Risk Assessment Report (RAR)
Analyzes risk factors of a previous valuation report, either an origination appraisal and/or a BPO. The report generates, plots and scores the previous report’s comparables and offers alternative comparables. These alternate comps are displayed on an interactive map with street and bird’s eye views as well as satellite imagery. The RAR utilizes MLS and public record data and has an interactive user comparable selection feature. JVI has analysts that determine what the risk factors of the reports are and provide commentary as to the risk. We can pair this with a Competitive Market Analysis (CMA) prepared by a local market participant. JVI also offers this product with an inspection performed by a field service representative. The report is offered retrospectively as well.

Easy Price Opinion
The tool of choice for home equity lenders who need to quickly determine or validate a property's worth, Easy Price Opinion (EPO) helps FNC clients generate a price opinion using comparable properties that are the most accurate and the most similar to the subject property with all comps automatically ranked into tiers.

Valuesight
This Web-based product is ideal for anyone seeking property valuation verification and identification of recent comparables. The user enters an address and ValueSight returns a map with the subject and the top five ranked comparables selected from the National Collateral Database.

Collateral Valuation Report (CVR)
The Collateral Valuation Report (CVR) is an appraisal report based on CompCruncher, our computer aided appraisal software. The CVR is produced by appraisers trained in real estate regression analysis. It is not an AVM embedded in a form filler. The appraiser is center stage and has complete control over the data analysis and the valuation process.

1004 URAR REO
This report is used for appraising single family residences. An interior and exterior inspection of the subject is completed. The REO addendum is included which provides listings and an itemized cost of repairs as well as an "as-is" and "as-repaired" value.

1073 Individual Condominium Unit REO
This report is used for appraising Individual Condominium Units. An interior and exterior inspection of the subject is completed. The REO addendum is included which provides listings and an itemized cost of repairs as well as an "as-is" and "as-repaired" value.

Land Appraisal Report REO
This report form is designed to report an appraisal of a vacant land or property only. Market value is attributed to the land against corresponding comparables. The REO addendum is also included which provides listings and an itemized cost of repairs.

1004C Manufactured Housing REO
This report is used for appraising manufactured homes. An interior and exterior inspection of the subject is completed. The REO addendum is included which provides listings and an itemized cost of repairs as well as an "as-is" and "as-repaired" value.

1025 Small Residential Income Property Appraisal Report REO
This report is used for appraising of 2-4 unit residential income properties. It includes an interior and exterior inspection of the subject property. The REO addendum is also included which provides listings and an itemized cost of repairs as well as an "as-is" and "as-repaired" value.

2055 Exterior Appraisal Report REO
This is used for appraising single family residences. An exterior-only inspection of the subject is completed. The REO addendum is also included which provides listings and an itemized cost of repairs as well as an "as-is" and "as-repaired" value.


High Value Property
A property that is valued at $500,000 or above.

(**) Indicates review product available for conventional, FHA, REO, etc.

2000 Field Review **
This report is designed to report on an appraisal report completed by a different appraisal firm on a single unit property. The appraiser reviews all information and conclusions of the original report and completes an exterior-only inspection of the subject and comparables.

2000 Retrospective Field Review **
A retrospective field review has the same scope of work as a typical field review but is prepared at a time that is significantly later than the effective date of the appraisal reviewed.

Reconciliation Review
The Reconciliation Review is a spreadsheet analysis of two valuation products completed by an analyst. The analyst is not a certified appraiser but has training and experience in administrative appraisal review. The two valuation products may be a broker price opinion and an appraisal or two appraisals. The analysis may or may not be augmented by an Automated Valuation Analysis. The analyst prepares the spreadsheet to allow the reader to quickly compare and contrast the results of the two valuations. The analyst provides comments and conclusions on the relative strengths and weaknesses of the valuations.

DVR & CLR
Our proven Disposition Value Recommendation (DVR) report and our Current Listing Recommendation (CLR) report are examples of our Reconciliation Review process. Each JVI Reconciliation Review process is crafted to meet client specifications. The review has been used to assist in analysis of disposition prices and marketing strategies for REO properties.

JVI Administrative Review
The JVI Administrative Review includes a review for (A) completeness of the appraisal; (B) adequacy and relevance of the data presented and the propriety of the adjustments to the data; (C) appropriateness of the appraisal methods and techniques used; and (D) compliance with the Uniform Standards of Professional Appraisal Practice and the client specific requirements listed in the appraisal order. It is assumed that the data included in the appraisal is true and correct. An administrative review does not include a judgment as to the reasonableness or reliability of the value conclusion in the appraisal. If the appraisal is incomplete or deficient in terms of USPAP or client specific requirements, the appraisal is returned to the appraiser for correction.

Desk Review **
This report is designed to report on an appraisal report completed by a different appraisal firm. The appraiser reviews all information and conclusions of the original report. No inspection of the subject or comparables is completed. A statement indicating if the value on the original report is supported will be provided.

QC Vigilance
QC Vigilance is an interactive review tool that helps users determine whether the appraiser selected the most appropriate comparables. It’s ideal for underwriters, reviewers, and quality assurance, quality control, or capital market groups.