Wednesday, March 1, 2017

Desktop Appraisals in Lancaster, PA

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On a recent trip to PA, I had the opportunity to talk to several people in the area about our Machinery and Equipment and Residential appraisal products, but today I’d like to turn a spotlight on our Desktop products.
In today’s market, I’m hearing from several different sources that desktop products are going to be on the rise.  This is in part due to Fannie Mae and Freddie Mac’s decision to waive the 1004 appraisal in certain situations.  It’s also in part due to a continued increase in digital and online technology that allows an appraiser to submit a credible and accurate appraisal without leaving the office. 
A Desktop product can be a review, an appraisal, or a regulator compliance evaluation.  They are USPAP compliant and are a leaner version of an interior appraisal.  They usually cost less and take less time to complete.  At Bluegrass Valuation Services, we have been doing desktop products since 2011.  We started out doing Collateral Valuation Reports through Bradford Technologies, and expanded into Desktop appraisals that had a limited scope of work through a regional management company.  Today we are still doing desktop assignments in addition to desktop reviews. 

You may work for a local bank wanting compliance review, internal audits, or an extra set of eyes on an appraisal that is going to the secondary market, or you may work at an appraisal management company that already has several desktop needs.  If any of these are the case, then feel free to give us a call so we can discuss your options. 

1. http://newsjor.com/vmware-replace-strives-to-put-digital-desktops-in-trendy-context