Appraisal Report
Document used to assess the value of a property for financial transactions.
Last updated
December 2, 2024
An Appraisal Report is a crucial document used in real estate transactions that provides a professional assessment of a property's market value. This report is typically created by a licensed appraiser and takes into account various factors, including property location, condition, and recent sales of comparable properties in the area. The Appraisal Report serves as a key resource for lenders, buyers, and sellers, ensuring that the property's value is adequately understood during financial negotiations.
The significance of an Appraisal Report lies in its ability to provide an impartial evaluation of a property's worth, which is vital in obtaining financing, setting sales prices, and in legal scenarios. By accurately documenting property features and valuations, this report helps to protect both lenders and borrowers from potential losses.
Extractable Data Fields
The following table lists the key data fields that Vaultedge can extract from Appraisal Reports. This functionality ensures accurate data retrieval for processing and regulatory compliance.
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| Property Street Address 1 | Yes | text |
| Property Street Address 2 | Yes | text |
| Property City | Yes | text |
| Property State | Yes | text |
| Property Zipcode | Yes | number |
| Borrower Name | Yes | text |
| Borrower First Name | Yes | text |
| Borrower Last Name | Yes | text |
| Owner of Record | Yes | text |
| Legal Description | Yes | text |
| Assessors Parcel | Yes | text |
| HOA Dues Per Year | Yes | numberwithna |
| Appraiser First Page Name | Yes | text |
| Mortgage Appraiser First Page Address | Yes | text |
| Sales Price Amount | Yes | numberwithna |
| Date of Contract | Yes | date |
| Property Type | Yes | text |
| Design Type | Yes | text |
| Year_Built | Yes | number |
| 1004 Document Availability | Yes | text |
| 1004C Document Availability | Yes | text |
| 1025 Document Availability | Yes | text |
| 1073 Document Availability | Yes | text |
| Number of Units | Yes | numberwithna |
| Condominium Project Name | Yes | text |
| Original Property Appraisal Value | Yes | amount |
| Effective Date of Appraisal | Yes | date |
| Appraiser Name | Yes | text |
| Appraiser First Name | Yes | text |
| Appraiser Middle Name | Yes | text |
| Appraiser Last Name | Yes | text |
| Company Name | Yes | text |
| Company Address | Yes | text |
| Mortgage Appraisal Company Street Name | Yes | text |
| Mortgage Appraisal Company City | Yes | text |
| Mortgage Appraisal Company State | Yes | text |
| Mortgage Appraisal Company Zipcode | Yes | number |
| Appraisal Date | Yes | date |
| Appraisal License Number | Yes | text |
| Supervisory Appraiser Name | Yes | text |
| Supervisory Appraiser First Name | Yes | text |
| Supervisory Appraiser Middle Name | Yes | text |
| Supervisory Appraiser Last Name | Yes | text |
| Supervisory Appraiser Address | Yes | text |
| Supervisory Appraiser Street Address | Yes | text |
| Supervisory Appraiser City | Yes | text |
| Supervisory Appraiser State | Yes | text |
| Supervisory Appraiser Zipcode | Yes | number |
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