Appraisals Hub work with private lending institutions, AMC’s (appraisal management companies) on lending appraisals to determine the value of the subject property. We determine the value by studying the market using InfoSparks (statistical reporting tool of the Multiple Listing Services (MLS) or the 1004MC (another statistical tool that uses MLS data). Once the comparable data is extracted from the MLS for conforming loans, we use the Fannie Mae 1004 form. We use an addendum to support our work and give our opinion of value.
Level of fieldwork: full inspection, comps inspected and photographed from the street.