NVS Appraisal Warranty

Nations Valuation Services stands behind the quality of EVERY appraisal we complete. In the highly unlikely event that an investor challenges the validity of an appraisal completed by NVS, we will be here to support and stand behind the original appraisal through a no-cost validation process.  Nations Valuation Services (NVS) agrees to perform the appraisal services for CLIENT in accordance with all applicable guidelines and requirements, including without limitation The Appraisal Independence Regulations, Federal Housing Administration (FHA), Freddie/Fannie guidelines and requirements, client-specific guidelines, as well as the standards of leading appraisal service providers in the industry.

In addition to any other warranty, indemnification, or remedy available to CLIENT under the Master Services Agreement, in the event of an inaccurate valuation completed by Nations Valuation Services that has caused a repurchase obligation from Fannie / Freddie by CLIENT, Nations Valuation Services reserves the right to defend the accuracy of the appraisal against the repurchase request, including but not limited to the right to obtain a second independent appraisal, at its own cost, for purposes of comparison to the first appraisal. In the event, the repurchase price is limited to the sum of the unpaid principal balance of the loan, and all accrued and unpaid interest, as of the date of repurchase.