Traditional Appraisal Services

NREIS offers the following traditional appraisal services:

Full Appraisals
Includes on-site exterior and interior inspection for single and
multi-family residential dwellings. Available formats include:

Forms 1004, 1073, or 1025—URAR Single-Family Report

Forms 2065, 2070, or 2075—Desktop Underwriter Summary (including interior inspection)

Form 1073—Condominium Report

Form 1025—2-4-Family Small Residential Income Report (including Form 216, Operating Income Statement)

Drive-by Appraisals
Includes exterior inspection and an estimate of current market value. Available formats include:

Form 704—FHLMC One-page Drive-by Report

Form 2055—Desktop Underwriter Summary

Review Appraisals
The FNMA 2000 is available in three forms:

Desk Review—A licensed Certified Appraiser examines and evaluates appraisal content and methodology.

In-Field Desk Review—A licensed Certified Appraiser located in the same region as the property examines and evaluates appraisal content and methodology. The appraiser’s local knowledge assures an expert analysis of market value.

On-Site Field Review—In addition to performing a Desk Review, a licensed Certified Appraiser inspects the exterior, as well as comparable properties in the community. The appraiser may also support the review with comments. The report includes a photo and a list of comparable sales.

If you are interested in alternative appraisal services, such as AVMs or BPOs, review the Alternative Appraisal Services section.