Correspondent Appraisal Center

Correspondent Appraisal Center
All loans require 1 full 1004 appraisal with interior and exterior inspection.
The following transactions require an appraisal review to support the value within 10% tolerance. It may be an AVM, desk review or field review:

  • Loan amounts ˃ $453,100
  • Cash-out > $100,000
  • Non-arm’s length transactions
  • All investment property refinances

The following transactions require a Clear Capital CDA (we can order for you at a cost of $155.00) or a field review:

  • LTV > 80%
  • Loan amounts from $1,000,000 – $1,500,000

A second appraisal (can be from the same AMC but must be a different appraiser) is required when one or more of the following are present on the loan:

  • Loan amounts ≥ $1,500,000
  • Flip transactions that fall into these categories:
    • Greater than 10% increase in sales price if seller acquired the property in the past 90 days
    • Greater than 20% increase in sales price if seller acquired the property in the past 91‐180 days

The lower value of the 2 appraisal valuations will be used to determine value and calculate LTV


Please contact us at info@5thstcap.com or 888-702-3385 with any questions