VALUATIONS
Residential
Service 1st Valuation and Settlement Services inc, is a national provider of residential appraisal management with 75 years of industry expertise. All of our residential appraisals are completed in full compliance with all state, federal, and inter-agency regulations and guidelines. We are committed to providing the best customer experience in our industry, and we encourage you to put us to that test.
Single Family Residential Appraisals (FNMA 1004)
This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; including a unit in a planned unit development (PUD), based on an interior and exterior inspection of the subject property. This report form is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative project.
Single Family Residential Appraisal *With MC form
(1004MC)
The Market Conditions Addendum (Form 1004MC) is designed to enhance the transparency of the market trends and conditions conclusions made by the appraiser. The Market Conditions Addendum will be required with all one-to-four unit property appraisals performed on or after April 1, 2009. This requirement applies to loans delivered to Fannie Mae, whether the loans are underwritten manually or through Desktop Underwriter®.
FHA Single Family Residential Appraisals (FHA 1004)
This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; including a unit in a planned unit development (PUD), based on an interior and exterior inspection of the subject property. This report form is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative project. This report will be completed in compliance with all FHA guidelines and Appraiser Engagement guidelines.
Drive by Appraisals (FNMA 2055)
This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; including a unit in a planned unit development (PUD), based on an exterior-only inspection of the subject property from at least the street. This report form is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative project.
Field Reviews (FNMA 2000)
A lender uses this form for the spot-check appraisal component of its quality control process. This appraisal field review report is intended to provide the lender/client with an opinion on the accuracy of the appraisal report under review. Click here for Forensic Filed Reviews
2-4 Unit Multi-Family-(FNMA-1025)
This report form is designed to report an appraisal of a two- to four-unit property, including a two- to four-unit property in a planned unit development (PUD). A two- to four-unit property located in either a condominium or cooperative project requires the appraiser to inspect the project and complete the project information section of the Individual Condominium Unit Appraisal Report or the Individual Cooperative Interest Appraisal Report and attach it as an addendum to this report.
Condominium Appraisals (FNMA 1073)
This report form is designed to report an appraisal of a unit in a condominium project or a condominium unit in a planned unit development (PUD) based on an interior and exterior inspection of the subject property. This report form is not designed to report an appraisal of a manufactured home or a unit in a cooperative project.
Service 1st Valuation and Settlement services also offers other nationwide appraisal management products; for a full list, description and pricing please contact our sales team today: 412.200.2550