A Consistent, Predictable Benchmark for Appraisal Review: Identify appraisals that need further
review, while helping to ensure regulatory compliance and risk mitigation.
Save Time & Money
Manually reviewing appraisals is costly, time consuming, and often unnecessary. Being able to instantly
identify potentially weak or poorly supported appraisals, and focusing efforts only on those, can mean
Appraisal Score, an automated appraisal reviewing tool, lets you quickly separate potentially weak
appraisals and designate them for more intensive follow-up review. Then, during the review, use the
Appraisal Score summary report to expedite the process. For lenders, that means cost-efficient
turnaround and no more time wasted on unnecessary reviews.
Appraisal Score’s unique features also help lenders adhere to regulatory compliance and mitigate risk.
It establishes a standard quality level for capital markets and investors and provides a means to document
a consistent, comprehensive review of all appraisal volume.
Additionally, the Appraisal Score can be archived as part of the loan file to serve as evidence of due
diligence in a repurchase request.
How it Works
Appraisal Score measures how well each appraisal conforms to FNC’s Generally Accepted Appraisal Rules™
(GAAR®), a set of compliance and risk rules, and calculates a score from 0 to 1,000 (best). Those that
clear a risk threshold chosen and pre-set by the lender are automatically approved for underwriting.
Appraisals that score below the threshold are typically more likely to have valuation issues and may
require a manual review.
Available through FNC’s Collateral Management System® or through a stand-alone Web portal, the Appraisal
Score can be calculated for valuations completed on most standard appraisal forms.
Get the Score
Now, at a glance, you can have the appraisal details you need to expedite the review process while helping
to ensure regulatory compliance and risk mitigation—it’s all here. Appraisal Score.
Review faster and more accurately with a clear view of the appraisal report—instantly see possible violations and cross-referenced compliance and risk rules. Designed to save time for reviewers while cutting costs for banks, GAAR Viewer presents an on-screen view of the appraisal report and highlights any rule firings and related fields. Users can then hover their cursor over the highlights to reveal the rule reference number and description of the potential violation.