Nations Valuation Services (NVS) is a national appraisal management company formed with the objective of providing unbiased real estate appraisals to the lending industry. Established in 1992, it is a Nations Company, a partnership of national real estate information companies. For over 18 years, NVS has been a leading provider of appraisal and valuation products for local, regional, and national lenders, banks and brokers in the residential real estate industry.
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In today's market, making decisions about jumbo and super jumbo loans can be a subjective and potentially risky process. The risk assessment on these loans varies from one financial institution to another, and even from state to state. Jumbo home price classifications can also vary, leading many lenders to require more than one appraisal on a jumbo mortgage loan.
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Earlier this year, both Fannie Mae and Freddie Mac have instituted a new set of compliance regulations for appraisals, called the Uniform Appraisal Dataset (UAD). All appraisals dated as of September 1st have included additional compliance codes to meet these requirements. Our Platinum Data Scrubber, along with our manual QC process helps to identify errors or reports missing the necessary UAD requirements.
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