Appraisal Center


Appraisal Center

Please reach out to the approved AMC directly to inquire.
Using Borrower’s credit card – An appraisal can be ordered once the Intent to Proceed (ITP) is signed by the borrower on the electronic disclosures sent to the borrower by 5th Street Capital.
Using Broker’s credit card – An appraisal can be ordered at anytime

 Property Rate – https://propertyrate.com/partner/5thstreet   If you haven’t registered click “Broker Registration” to begin the process, if already registered click “Broker Login” 

 Axis – If you have already set up an account with Axis associated to 5th Street Capital go to http://www.axis-amc.com    and select “Client Login”. To set up an account email Axis, setup@axis-amc.com or go  to http://www.axis-amc.com/place_order/account_request.php.

Service-Link  – https://broker.elendersolutions.com/5thstreetcapital/  If you haven’t registered click “Get Started” to begin the process, if already registered click “Sign In” 

5th Street Capital does not order the appraisal. This is the broker/correspondents responsibility, and it must be ordered in accordance with AIR. 5th Street Capital does not receive a copy of the completed appraisal from the AMC. The appraisal must be uploaded to the portal by the broker/correspondent staff.

All loans require 1 full 1004 appraisal with interior and exterior inspection

AVM’s are required on all loans to support the appraisal and will be ordered by 5th Street Capital at intake  – if the AVM doesn’t support the appraisal within 10% of the value the following will be required:

A desk review will be required if the AVM isn’t within 10% of the appraisal.
If the desk review isn’t within 10% of the appraisal a field review is required.
If the field review isn’t within 10% of the appraisal a 2nd appraisal is required.

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
  • Loan amount exceptions
  • LTV’s greater than 80%
  • 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 

Appraisals are valid for 120 days from the note date for Owner Occupied Properties and 2nd Homes, a 1004D is required prior to 120 days to make an appraisal valid for an additional 30 days. Investment property appraisals are only valid for 120 days from the note date and cannot be extended.
5th Street Capital accepts appraisals completed for other institutions with a transfer letter from the institution verifying the appraisal was ordered in accordance with appraiser independence requirements "AIR".