Why use REPS for all your Real Estate Appraisals?

Outstanding Customer Service FHA & HVCC Compliance Nationwide Coverage

24/7 online ordering, tracking & receive your appraisals Fast turnaround Status emails sent to keep you informed

We have built our business on providing exceptional customer service. Our technology & Staff ensure the fastest placement and completion of Real Estate Appraisals. Our technology integrates with your Loan Origination Software (LOS) like Calyx Point & Encompass. We can even build custom integrations. We can set up user accounts for each one of your associates so that they can directly place and manage Appraisal orders. Our technology even integrates with our appraiser's software! Our investment in technology means faster turn times for you and lower costs for everyone.

What is a Real Estate Appraisal?

Real estate appraisal, property valuation or land valuation is the practice of developing an opinion of the value of real property, usually its Market Value. The need for appraisals arises from the heterogeneous nature of property as an investment class: no two properties are identical, and all properties differ from each other in their location - which is one of the most important determinants of their value. The absence of a market-based pricing mechanism determines the need for an expert appraiser of real estate/property.

A real estate appraisal is generally performed by a licensed or certified appraiser. If the appraiser's opinion is based on Market Value, then it must also be based on the Highest and Best Use of the real property. For mortgage valuations of improved residential property in the US, the appraisal is most often reported on a standardized form, such as the Uniform Residential Appraisal Report.^[1] Appraisals of more complex property (e.g. -- income producing, raw land) are usually reported in a narrative appraisal report.

What is the Home Valuation Code of Conduct (HVCC)?

The Home Valuation Code of Conduct (HVCC or the 'Code') is an American document that was created jointly by members of Freddie Mac, the Federal Housing Finance Agency (FHFA), and the New York State Attorney General.^[1]

The document states that, effective May 1, 2009, Freddie Mac will no longer purchase mortgages from Sellers that do not adopt the Code with respect to single family mortgages that are delivered to Freddie Mac. Effective February 15, 2010 FHA Appraisals will also have to comply with many areas of the HVCC.

Also, effective for single family mortgages made after May 1, 2009, Freddie Mac Seller/Servicers must represent and warrant that the appraisal report is obtained in a manner consistent with the Code.

Some of Our Appraisal Products

Reverse Mortgage Appraisal, Desktop Review Appraisal, Field Review Appraisal, Commercial Appraisal, Residential Appraisal, REO Appraisal, Divorce Appraisal, Appraisal for Estate purposes, Date of Death Appraisal, Refinance Appraisal, Appraisal for Purchase, Condominium Appraisal, Manufactured Home Appraisal, For Sale by Owner Appraisal, 2-4 Family Appraisal, Drive by Appraisal, Cost to rebuild appraisal for insurance purposes, AKA Insured value appraisal, Etc.