About Coester Appraisal Group:

Coester Appraisal Group offers Nationwide Real Estate Appraisal Services and Appraisal Management Services for financial institutions. We are not only compliant with the HVCC, OTS and OCC but ALL regulatory requirements for an arm's length transaction appraisal.

Appraisal Management Company:

Coester is a national appraisal management company specializing in FHA and HVCC Compliance. We offer the best appraisal compliance solution available and would be happy to prove it to you.

National Coverage:

We are a nationwide appraisal company and can provide national appraisal services in all 50 US states, Puerto Rico and Virgin Islands.

HVCC Compliance:

The Home Valuation Code of Conduct (HVCC) established standards for solicitation, selection, compensation, conflicts of interest and appraiser independence. It is effective May 1, 2009, for any mortgage that will be sold to Fannie Mae or Freddie Mac; Federal Housing Administration (FHA) and Federal Home Loan Bank (FHLB) mortgages are not covered in the agreement but are covered on a very similar agreement becoming effective Jan 1, 2010.

FHA Appraisal Compliance:

FHA Appraisal Compliance was put into place on Feb 15, 2010 and is a requirement for all mortgage companies participating in FHA loan programs. FHA Appraisal Compliance is similar to the HVCC and establishes absolute lines of independence for the mortgage community and appraisers.

Appraisal Management Software:

We have partnered with the best in the industry to develop or own appraisal management platform. This flexible appraisal management software allows us to tailor make an appraisal management solution for all of our clients and vendors. There is nothing to big or too small that we can't adjust. We are able to integrate with any loan origination software or lender platform.

Real EC Integrated Appraisal Company:

We are one of a few appraisal companies to be fully integrated with RealEC technologies. This platform is the leading appraisal management platform for Wholesale Mortgage business as well as traditional retail business and it allows the lending institution to ensure the appraisal is delivered properly and can integrated very easily into any loan origination software.

Fast Turnaround:

One of the most important thing is the appraisal process is the turnaround of the appraisal. Some companies focus on turnaround from inspection which is important, however if the appraiser takes 3 weeks to get to the property getting the appraisal 24 hours afterwards is useless. Coester Appraisal Group consistently average 4-5 business days Total Turnaround on appraisals nationally. This is 1-3 days above the industry standard and is an extremely valuable tool for your business.

Vendors:

We know no other company has more appraisers than us because we have every certified appraiser in the United States. Literally every certified appraiser in the United States is in our national database. Our appraiser database consists of over 150,000 certified appraisers. If all of our vendors decided to hold hands in honor of us it would reach half way across the United States of America. We only use certified due to them having the possibility of being FHA approved as well as most lenders requiring certified appraisers on all loans.

Staff Appraisers:

We not only have national vendors but also staff appraisers. We are a traditional appraisal company in the sense we actually have appraisers that work just for us and do appraisals on a regular basis. This gives us a tremendous advantage as we can actually have someone from our offices stop what they’re doing and go out and do the appraisal right away if required. There any many appraisal management companies not owned or operated by actual appraisers. This is a big problem as who would know better about running an appraisal business than an appraiser?

Appraisals:

For over 30 years, appraisal services have been the core of our business. Whether its a purchase appraisal, conventional refinance, appraisal review or an FHA Appraisal, we have experienced staff that enables us to deliver a superior product to your company’s specifications. We carefully manage our relationship between our customer service staff, review staff, and appraisers to ensure the most accurate and professional report. Appraisals are the back bone of the industry and having the most accurate appraisal is the key to your success. We work hard to make sure that you and your clients get the most accurate appraisal possible. As a national appraisal management company we can deliver appraisals for your company anywhere in the United States and can handle any volume needed.

Full Appraisal 1004/1073/1055 - This is the most common type of appraisal. It is designed for single family homes and condos for lending purposes. It is extensively used by lenders and other investors for purchases and refinancing purposes.

The appraiser's description of the physical characteristics of the property and comparables will be obtained from reliable data sources. There will be a thorough interior and exterior inspection. The inspections take about half an hour to one hour, depending on the size of the house.

Multi-Family 2-4 Unit - The Form 1025, "Small Residential Income Property Appraisal Report" is designed for two to four family income properties. It is extensively used by lenders and other investors for purchases and refinancing purposes. The report gives the reader a understanding of the subject's market value, current rent, possible rent and operating income.

Exterior Only Appraisals 2055/1075 - This report form is designed to report an appraisal of a one-unit property; including a unit in a planned unit development (PUD), or condo this is based on an exterior-only inspection of the subject property from at least the street. This report form is not designed to report an appraisal of a manufactured home or cooperative project.

Desktop Appraisal:

Coester's desktop appraisal bridges the gap between an Automated Valuation Model (AVM) and a drive-by appraisal. These reports offer quick turnaround and the knowledge of an experienced appraiser to determine cost-saving valuations.

Review Appraisals:

We offer a full line of desk and field reviews for Quality Control as well as loss mitigation. The reviews can be utilized post or pre-funding and can be a great tool for underwriters and investors to get a professional opinion of an appraisal.

Field Reviews - A more comprehensive look at the original appraisal, this includes physically looking at the subject, the comparables as well as having a detailed analysis of the comparables, the judgment of the appraisers and overall reconciliation of the previous appraisal.

Desk Review - Is typically ordered when the original appraisal is in question and secondary information is unavailable or conflicts the original appraisal. This can very often be upgraded to a Field Review if the appraisal is in question. A desk review is a good tool for jumbo loans validation as well as evaluating potential fraud or inflated values. This can typically be done in less than 24 hours.   

Retrospective review - Retrospective review usually takes place when a previous appraisal accuracy is questioned. The review is done not based on the current value of the property but rather what the value of the property was at the time of the inspection and any inconsistencies that can be found in the original report. The review is not to determine if the value is still accurate however if it was at the point of the original appraisal was completed the appraisal was reflective of the market area. 

Broker Price Opinions:

BPO's offer valuable insight to the subject's market area and overall marketability. They are a low cost alternative to an appraisal and can assist with asset pricing and estimate a list price for the property. This can be particularly helpful if the property is an REO or is going into foreclosure as the agent is active within the market and understands what buyers would look for within the market area.

Property Condition Inspections:

Condition Inspections are the ideal tool to help you quickly obtain the current external state of your Property—whether it's the property's condition following a major disaster, long-standing vacancy, or simply an efficient, cost-effective means of gaining an external perspective. Our Property Inspection offerings include: Condition conformity inspections, post disaster inspections, and the traditional property inspections.