Step 1 : The appraiser send the following information to complete the report:
1. Order Form
2. Subject MLS sheet, tax records, photos
3. Comparables MLS, tax records, photos
4. Purchase Contract
5. Prior Sale Report
6. 1004 MC
8. Inspection Sheet
9. Property Details
Step 2 : Verification of information sent will be done to ensure report is completed as per Appraisal Standards.
Step 3 : Appraisal Trainee will write the report. The following section in the appraisal will be completed
f. Sales Comparison Analysis
h. Location map
Step 4 : The completed report will undergo Tier I and Tier II review to identify discrepancies and UAD error in the report.
Step 5 : The report will be delivered along with the findings came across while completing the report.