Apple Appraisal, Inc. provides appraisals and reviews throughout the Western US. Having been in business for over 15 Years, we are keenly in tune with the needs of lenders and consumer protection. All of our appraisal and review products comply with USPAP, HVCC, HUD Appraisal Guidelines, FNMA and FHLMC Appraisal Guidelines under one comprehensive "Apple Appraisal, Inc. Appraisal Guidelines.

APPRAISAL PRODUCTS

FNMA URAR FORM 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. For Lenders, by default, it is completed with a minimum of 3 closed sales, 2 additional comparables that can be closed sales, listings, pendings or a combination of these at the Appraiser's discretion. A location map, building sketch with exterior dimensions and GLA calculations, subject photos, with 3 interior views, comparable photos and form 1004MC are also included.

Form 1004 (FHA): Same criterea as above, but completed according to HUD Appraisal Guidelines.

FNMA Condo Form 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. For Lenders, by default, it is completed with a minimum of 3 closed sales, 2 additional comparables that can be closed sales, listings, pendings or a combination of these at the Appraiser's discretion. A location map, building sketch with exterior dimensions and GLA calculations, subject photos, with 3 interior views, comparable photos and form 1004MC are also included.

FNMA Manufactured Home Form 1004C: This report form is designed to report an appraisal of a one-unit manufactured home; including a manufactured home in a planned unit development (PUD) based on an interior and exterior inspection of the subject property. For Lenders, by default, it is completed with a minimum of 3 closed sales, 2 additional comparables that can be closed sales, listings, pendings or a combination of these at the Appraiser's discretion. A location map, building sketch with exterior dimensions and GLA calculations, subject photos, with 3 interior views, comparable photos and form 1004MC are also included.

FNMA 2-4 Unit Form 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). For Lenders, by default, it is completed with a minimum of 3 closed sales, a location map, building sketch with exterior dimensions and GLA calculations, subject photos, with 3 interior views, comparable photos, FNMA Form 216 (Operating Income Statement) and form 1004MC are also included.

APPRAISAL REVIEW PRODUCTS

Desk Review: We use the 2006 form. We verify the physical aspects of the subject through public record and MLS data sources. We verify the physical aspects of the comparables through public record and MLS data sources. We search MLS data sources for comparable sales to determine of the comparables used in the appraisal are the most appropriate. If we determine they are the most appropriate and that the adjustments made are appropriate and reasonable, the report is completed and delivered to you within 24 hours. Most times, it’s same day if ordered before Noon.

Enhanced Desk Review: The same Scope of Work as a Desk Review, however, we add a minimum of two additional, relevant comparables to our analysis. These may be sales or pendings. If there are no additional relevant comparables, we state so and we do not add additional comparables. This is our most popular product.

3 Hour Desk Review: The same Scope of Work as a Desk Review. The order is given priority over other orders and completed and delivered back to you within 3 hours.

3 Hour Enhanced Desk Review: The same Scope of Work as an Enhanced Desk Review. The order is given priority over other orders and completed and delivered back to you within 3 hours. This product is excellent for last minute fundings.

Field Review: We use the 2000 form. We verify the physical aspects of the subject through a visual drive by inspection, public record and MLS data sources. We verify the physical aspects of the comparables through a visual drive by inspection, public record and MLS data sources. We search MLS data sources for comparable sales to determine of the comparables used in the appraisal are the most appropriate. If we determine they are the most appropriate and that the adjustments made are appropriate and reasonable, the report is completed and delivered to you within 48 hours.

Enhanced Field Review: The same Scope of Work as a Field Review, however, we add a minimum of two additional, relevant comparables to our analysis. These may be sales or pendings. If there are no additional relevant comparables, we state so and we do not add additional comparables.

24 Hour Field Review: The same Scope of Work as a Field Review. The order is given priority over other orders and completed and delivered back to you within 24 hours. These do have limited availability.

24 Hour Enhanced Field Review: The same Scope of Work as an Enhanced Field Review. The order is given priority over other orders and completed and delivered back to you within 24 hours.

In the event of a value reduction in a review, we do accept rebuttals if they are done in a professional manner. We do not accept rebuttals created by anyone in the loan process that has a commission riding on the outcome of the loan, such as a Realtor or Loan Officer. We assume the appraiser that completed the original appraisal to be unbiased and therefore, any rebuttals from them will be unbiased toward a particular outcome as well.