We provide a full suite of nationwide products for residential, commercial and specialized outsourced appraisal services for real estates and the banking industry. A real estate appraisal helps to establish a property’s market value. The “Uniform Standard of Professional Appraisal Practice (USPAP)” published by the Appraisal Foundation in 2003, defines an appraisal as “the act or process of developing an opinion of value; an opinion of value.” Appraisals are used by mortgage lenders to ensure that the property value is adequate to support the requested loan. The property may be required to be worth more than the loan amount depending upon the lender’s own criteria.

Peoples Processing provides of a full suite of residential, title, and closing services/products to the real estate industry. Our valuation services┬áconsists of a comprehensive “non-traditional” approach to residential property valuation, bringing together the “best-of-class” intelligent valuation technologies, local market trending data, analytics, and knowledge and expertise.

Our customizable service offerings can be easily configured to meet your individual business needs and price point constraints. Our clients include lending institutions, mortgage lender, investment banks and mortgage service companies.


  • Fannie Mae appraisal reports
  • Broker price opinions
  • Comparative market analysis
  • Compliance

Fannie Mae appraisal forms / reports

We prepare these streamlined appraisal reports in a manner sufficient with the underwriting expectations of Fannie Mae/HUD.

Single Family Forms


  • 1004 – Uniform Residential Appraisal Report
  • 2055 – Exterior-Only Drive-By Appraisal Report
  • 2075 – Property Inspection Report
  • 1004MC – Market Conditions Addendum to the Appraisal Report
  • 1004D – Appraisal Update and/or Completion Report

Condominium Forms


  • 1073 – Individual Condominium Unit Appraisal Report
  • 1075 – Exterior-Only Drive-By Single Condominium Unit Appraisal

Investment Property Forms


  • 1025 – Small Residential Income Property Appraisal Report
  • 216 – Operating Income Statement
  • 1007 – Single Family Comparable Rent Schedule

Cooperative Property Forms


  • 2090 – Individual Cooperative Interest Appraisal Report
  • 2095 – Exterior-Only Inspection Individual Cooperative Interest Appraisal Report

Review Appraisals Forms


  • 2000 – One-Unit Residential Appraisal Field Review Report
  • 2000A – Two-to Four-Unit Residential Appraisal Field Review Report

Broker Price Opinions


  • Exterior inspection of the property
  • Description of the exterior property condition
  • Three active listings
  • Three sold properties
  • Pictures of the property and street
  • Estimated value based on normal and 30 day marketing times
  • Location map
  • Satellite map

Comparative Market Analysis


  • Exterior and interior inspection of the property
  • Description of the property exterior and interior condition
  • Active listings
  • Sold properties
  • Homeowner Association details
  • Pictures of the property, street scene and interior photos of all rooms and repair items
  • Estimated value based on normal and 30 day marketing times ( “as is” and “as repaired”)
  • Itemized list of repairs with cost to cure
  • Location map
  • Satellite map

Compliance
We maintain policies and procedures compliant with Fannie Mae and Freddie Mac Appraiser Independence Requirements (AIR) and the Dodd-Frank Act of 2010.