Review Appraisal definition

Review Appraisal. A review whereby a licensed appraiser reviews available information with respect to the related Mortgaged Property including, without limitation, exterior only pictures and multiple listing service data to assign a value with respect to such Mortgaged Property.
Sample 1Sample 2Sample 3
Review Appraisal means a review whereby a licensed appraiser reviews available information with respect to the related Mortgaged Property including, without limitation, exterior only pictures and multiple listing service data to assign a value with respect to such Mortgaged Property.
Sample 1Sample 2
Review Appraisal means the report and opinion of value stated therein, or the letter opinion of value, to which these Assumptions and Limiting Conditions are annexed.
Sample 1Sample 2

Examples of Review Appraisal in a sentence

  • The Review Appraisal Report / Appraisal Problem Analysis Report will conform to statutory and judicial determinations regarding non-compensable items as set forth and discussed in "The INDOT Appraisal Manual" (.pdf file format is available on the INDOT website) and/or conferences between the parties.

  • If the estimate of property value is above $10,000 the Grantee must have an Appraisal and a Review Appraisal completed by individuals properly licensed by the Indiana Professional Licensing Agency.

  • For properties over $10,000 in value, the Review Appraisal is the basis of the offer.

  • If an owner requests an Appraisal on property that the Grantee has determined to be less than $10,000 in value, an Appraisal and Review Appraisal must be obtained.

  • With respect to a Closed-End Second Lien Mortgage Loan with an original loan amount less than or equal to $100,000, a Review Appraisal approved by Buyer in its sole discretion was conducted and executed prior to the funding of the Mortgage Loan by a qualified appraiser who had no interest, direct or indirect in the Mortgaged Property or in any loan made on the security thereof, and whose compensation is not affected by the approval or disapproval of the Mortgage Loan.

  • However, depending on parcel complexity and other considerations, the State reserves the right to require an assignment for a Review Appraisal Certification Report to be based on years ofknowledge and experience.

  • The Right-of-Way Design Section should provide the roadway designer with a list of the removal items that will appear on the Right-of-Way Certificate during the Review Appraisal Process.

  • The Review Appraisal should focus on determining the adequacy of the appraiser’s supporting data, and the soundness of the appraiser’s opinion of fair market value.

  • The CONSULTANT agrees to make the Review Appraisal Report / Appraisal Problem Analysis Report of each and every parcel.

  • The Vendor may also provide other individuals to perform the Review Appraisal Certification Reports required per this contract with less than 5 years of knowledge and experience in appraising parcels of land needed for a highway project under threat of eminent domain.


More Definitions of Review Appraisal

Review Appraisal means a review of the Origination Appraisal and an opinion of the market value of the Property as of the date of the Origination Appraisal, prepared on our behalf by a state certified or licensed appraiser in compliance with Uniform Standards of Professional Appraisal (USPAP) and industry standard appraisal practices with respect to appraisal review reports. All terms and conditions of the Master Policy not modified by this Delegated Underwriting Endorsement remain in full force and effect for all Loans insured under the Master Policy.Walnut Creek, CA 94597PREFERRED PROGRAM DELEGATED UNDERWRITING ENDORSEMENT PREFERRED PROGRAM DELEGATED UNDERWRITING ENDORSEMENT TOARCH MORTGAGE GUARANTY MASTER POLICY FORM AMGC 3600.00 (01/15) The following is added as a new Section 1A to the Arch Mortgage Guaranty Master Policy1A. DELEGATED UNDERWRITING OF MORTGAGE INSURANCE 1A.01 Delegation of Underwriting Authority Upon your request, and at our sole discretion, we may delegate to you our authority to underwrite mortgage insurance on Loans pursuant to the Approved Underwriting Guidelines and subject to the Delegated Program Manual. Our delegation to you shall be in Writing.. 1A.02 Data Transmission To insure a Delegated Loan, you must transmit to us data regarding the Loan within forty-five(45) days after the Loan Closing Date, or such other period as we approve, and in a form and format prescribed in the Delegated Program Manual. Within five (5) Business Days of receipt of your transmittal, we shall send you a Commitment. Payment of the Premium specified in the Commitment is a condition precedent to a Commitment being converted to a Certificate. If the Commitment includes conditions, you must satisfy them before the Commitment becomes a Certificate. The Certificate, when issued, will indicate that the Loan is a Delegated Loan. 1A.03 Withdrawal of Delegation We may withdraw or limit our delegation to you under this Section 1A at any time with or without cause.
Sample 1
Review Appraisal and “Review Appraiser”… 14
Sample 1
Review Appraisal and “Review Appraiser” Review Appraisal and Review Appraiser shall mean, respectively, an Appraisal which is performed and prepared by an Appraiser to confirm the work product, opinions and conclusions of another Appraiser, and the Appraiser performing such Review Appraisal.
Sample 1
Review Appraisal means a review of the Origination Appraisal and an opinion of the market value of the Property as of the date of the Origination Appraisal, prepared on behalf of the Company by a state certified or licensed appraiser in compliance with Uniform Standards of Professional Appraisal (USPAP) and industry standard appraisal practices with respect to appraisal review reports.
Sample 1

Related to Review Appraisal

  • Updated Appraisal means an Appraisal of the Mortgaged Property or related REO Property, as the case may be, conducted subsequent to any Appraisal performed on or prior to the date of this Agreement by an Appraiser, selected by the applicable Servicer, in accordance with MAI standards, the costs of which shall be paid as a Property Advance by the Lead Securitization Note Holder or applicable Servicer.

  • Acceptable Appraisal means, with respect to an appraisal of Inventory, the most recent appraisal of such property received by Agent (a) from an appraisal company satisfactory to Agent, (b) the scope and methodology (including, to the extent relevant, any sampling procedure employed by such appraisal company) of which are satisfactory to Agent, and (c) the results of which are satisfactory to Agent, in each case, in Agent’s Permitted Discretion.

  • Inventory Appraisal means (a) on the Closing Date, the appraisal prepared by Great American Group dated June 2007 and (b) thereafter, the most recent inventory appraisal conducted by an independent appraisal firm pursuant to Section 9.2(b).

  • Appraisal review means the act or process of developing

  • Approved Appraisal Firm Each of the following firms: Xxxxxxxx Xxxxx, Inc., Duff & Xxxxxx LLC, Lincoln Advisors, Xxxxxx, Xxxxxx and Company and Valuation Research Corporation and (b) each Independent financial adviser of recognized standing retained by the Issuer, the Collateral Manager or the agent or lenders under any Collateral Obligation, as approved by the Collateral Manager.

  • Required Appraisal means, with respect to each Required Appraisal Loan, an appraisal of the related Mortgaged Property from an Independent Appraiser selected by the party required or authorized to obtain such appraisal hereunder, which appraisal shall be prepared in accordance with 12 CFR ss. 225.62 and conducted in accordance with the standards of the Appraisal Institute or, in the case of a Required Appraisal Loan having a Stated Principal Balance of, or in the case of a Mortgaged Property that has an allocated loan amount of, less than $2,000,000, if no satisfactory (as determined by the Special Servicer pursuant to Section 3.09(a)) appraisal meeting the foregoing criteria was obtained or conducted within the prior 12 months, a "desktop" value estimate performed by the Special Servicer.

  • Appraisal Report A report setting forth the fair market value of a Mortgaged Property as determined by an appraiser who, at the time the appraisal was conducted, met the minimum qualifications of FNMA and FHLMC for appraisers of conventional residential mortgage loans.

  • Independent Engineering Report means a report, in form and substance satisfactory to the Administrative Agent and each of the Lenders, prepared by an Independent Engineer, addressed to the Administrative Agent and the Lenders with respect to the Oil and Gas Properties owned by the Borrower or its Subsidiaries (or to be acquired by the Borrower or any of its Subsidiaries, as applicable) which are or are to be included in the Borrowing Base, which report shall (a) specify the location, quantity, and type of the estimated Proven Reserves attributable to such Oil and Gas Properties, (b) contain a projection of the rate of production of such Oil and Gas Properties, (c) contain an estimate of the net operating revenues to be derived from the production and sale of Hydrocarbons from such Proven Reserves based on product price and cost escalation assumptions specified by the Administrative Agent and the Lenders, and (d) contain such other information as is customarily obtained from and provided in such reports or is otherwise reasonably requested by the Administrative Agent or any Lender.

  • Review Assets means those Receivables identified by the Servicer pursuant to Section 3.16 of the Sale and Servicing Agreement as requiring a Review by the Asset Representations Reviewer following receipt of a Review Notice according to Section 3.01 of the Asset Representations Review Agreement.

  • Independent Appraiser means a nationally recognized or major regional investment banking firm or firm of independent certified public accountants of recognized standing (which may be the firm that regularly examines the financial statements of the Issuer) that is regularly engaged in the business of appraising the Capital Stock or assets of corporations or other entities as going concerns, and which is not affiliated with either the Issuer or the Holder of any Warrant.

  • Appraisal shall have the meaning assigned to such term in the Servicing Agreement.

  • Appraisal Well means a Well drilled pursuant to an Appraisal Programme.

  • Current Appraisal With respect to any Mortgage Loan as to which the Purchaser has made an Election to Delay Foreclosure, an appraisal of the related Mortgaged Property obtained by the Purchaser at its own expense from an independent appraiser (which shall not be an affiliate of the Purchaser) acceptable to the Company as nearly contemporaneously as practicable to the time of the Purchaser's election, prepared based on the Company's customary requirements for such appraisals. Election to Delay Foreclosure: Any election by the Purchaser to delay the Commencement of Foreclosure, made in accordance with Section 2.02(b).

  • CREFC® Appraisal Reduction Template A report substantially in the form of, and containing the information called for in, the downloadable form of the “Appraisal Reduction Template” available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

  • Conversion Valuation Appraisal Report Page: 1 - 3 ================================================================================

  • Application Review Start Date means the later date of either the date on which the District issues its written notice that the Applicant has submitted a completed Application or the date on which the Comptroller issues its written notice that the Applicant has submitted a completed Application and as further identified in Section 2.3.A of this Agreement.

  • Approved Appraiser means any of the following: Xxxxx Xxxxxxxx Xxxxxx, Xxxxx, H Xxxxxxxx & Co. Ltd., London, X.X. Xxxxxx Shipbrokers, Norway, or Fearnley AS, Norway.

  • Independent Engineer means XxXxxxxx and XxxXxxxxxxx or any other third party engineering firm acceptable to the Administrative Agent in its sole discretion.

  • Valuation Report means the valuation report or reports for mortgage purposes, in the form of the pro-forma contained in the Standard Documentation, obtained by the Seller from a Valuer in respect of each Mortgaged Property or a valuation report in respect of a valuation made using a methodology which would be acceptable to a reasonable prudent mortgage lender;

  • Control Appraisal Period shall exist with respect to the Mortgage Loan, if and for so long as:

  • FIRREA means the Financial Institutions Reform, Recovery and Enforcement Act of 1989, as amended.

  • Approved Third-Party Appraiser means each of (a) Xxxxxx, Xxxxxx & Co., (b) Xxxxxxxx Xxxxx Xxxxxx & Xxxxx Inc., (c) Lincoln International LLC (formerly known as Lincoln Partners LLC), (d) Duff & Xxxxxx Corporation, (e) Valuation Research Corporation, (f) Xxxxxxx & Xxxxxx, (g) Xxxxxx Xxxxxxxxx and (h) any other third party appraiser selected by the Borrower in its reasonable discretion.

  • MAI Appraiser With respect to any real property, a member of the American Institute of Real Estate Appraisers with a minimum of 5 years of experience appraising real property of a type similar to the real property being appraised and located in the same geographical area as the real property being appraised.

  • Utilization review plan or "plan" means a written procedure for performing review.

  • Qualified Appraiser An appraiser, duly appointed by the Seller, who had no interest, direct or indirect, in the Mortgaged Property or in any loan made on the security thereof, and whose compensation was not affected by the approval or disapproval of the Mortgage Loan, and such appraiser and the appraisal made by such appraiser both satisfied the requirements of Title XI of FIRREA and the regulations promulgated thereunder, all as in effect on the date the Mortgage Loan was originated.

  • CREFC® Operating Statement Analysis Report The monthly report in the “Operating Statement Analysis Report” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.