DAA User Guide - AppraiserSuite

DAA User Guide - AppraiserSuite
AppraiserSuite
User Guide
January 2013
Copyright Notice
All editorial content, graphics and information on The CoreLogic Corporation Website ("Site") provided by
CoreLogic or its affiliates is owned by or licensed to CoreLogic or its affiliates ("CoreLogic Information").
CoreLogic and its licensors reserve and retain all copyright and other proprietary rights in and to the CoreLogic
Information, including without limitation, all rights in any public information as a compilation. All CoreLogic
Information is protected by U.S. copyright laws, international treaties and/or other laws.
Revision, republication, and re-use of the CoreLogic Information or the Site on-line for any purpose is prohibited in
whole or in part. The materials from the Site including, but not limited to, the CoreLogic Information may be used
solely for limited non-commercial informational purposes only as necessary to do business with CoreLogic or for
evaluating or purchasing CoreLogic's products and services.
Except for making one hard copy print of limited portions of the CoreLogic Information on an ad hoc basis for
private use, or downloading as may be expressly authorized by CoreLogic, the CoreLogic Information may not be
reproduced, licensed, copied, displayed, published, sold, modified, transmitted or distributed without CoreLogic's
express permission. Any other uses of the Site and/or the CoreLogic Information is strictly prohibited. Linking to
this Site is prohibited unless CoreLogic expressly consents in writing to such a link.
Any person or entity wishing to establish a link to our Site or request CoreLogic's consent to other uses of this Site
or Information, may send their request by e-mail to the CoreLogic Webmaster.
Trademark Information
Among the trademarks and service marks owned by are "CoreLogic", the CoreLogic logo and others. Any use of
CoreLogic's marks requires prior approval in writing by CoreLogic. The "look and feel" of CoreLogic's Site is also
protected by CoreLogic, including color combinations, buttons, layout, and other graphical elements.
Disclaimers
The CoreLogic Information, including without limitation any data, prices, and quotations contained herein, are
subject to change without notice and they do not constitute an offer, but are merely informational and for your
convenience.
The CoreLogic Information is provided to you "as is" without any representation or warranty of any kind either
express or implied, including but not limited to, the implied warranties of merchantability, fitness for particular
purpose, title, non-infringement, security, accuracy or otherwise. These materials may contain errors of publication
or transmission.
Please verify all particulars before placing any orders. Some of the information on this site is a compilation of
information from public domain sources and such information is provided on as "as is" basis. CoreLogic cannot be
responsible for errors in such information and/or other defects and under no circumstances will be liable for any
loss or damage caused by a user's reliance on any information obtained through its site. It is the responsibility of the
user to evaluate the accuracy, completeness, or usefulness of any information or services available through this site.
CoreLogic specifically disclaims any liability (whether in tort, contract, strict liability or otherwise and whether
foreseeable or not) for any direct, indirect, consequential, or special damages arising out of or in any way connected
with access to or use of this site or associated with computer viruses which may infect a user's computer.
CoreLogic
4 First American Way
Santa Ana, CA 92707
Contents
INTRODUCTION .......................................................................................... 1
About CoreLogic ...................................................................................... 1
What is AppraiserSuite? ............................................................................. 2
About the AppraiserSuite User Guide ............................................................. 2
Who Should Read this Guide........................................................................ 2
GETTING STARTED ...................................................................................... 3
System Requirements ............................................................................... 3
Windows Operating Systems and Browsers ................................................... 3
Minimum Hardware............................................................................... 3
Before You Begin ..................................................................................... 4
Logging In to AppraiserSuite ........................................................................ 4
Accessing AppraiserSuite ........................................................................ 4
To Login to AppraiserSuite ...................................................................... 4
Signing Out of AppraiserSuite ................................................................... 6
Recovering Password Information .............................................................. 6
Understanding the AppraiserSuite Workspace ................................................... 6
Finding your Way Around AppraiserSuite...................................................... 7
Changing the MLS ................................................................................. 8
Configuring Your User Profile ...................................................................... 8
Opening Your User Profile ....................................................................... 8
Adding your Appraiser Information ............................................................ 9
Adding a Default MLS ............................................................................ 9
Default Comp Search Settings .................................................................10
Primary Data Source Settings……………………………………………………………………………………….13
Next Steps............................................................................................13
WORKING WITH YOUR SUBJECT PROPERTY ...................................................... 15
Searching for the Subject Property ..............................................................16
To Find the Subject Property ..................................................................16
Quick Search…………………………………………………………………………………...18
Understanding the Appraisal Worksheet .........................................................19
i
Appraisal Worksheet ............................................................................19
Appraisal Worksheet Tabs ......................................................................20
Market Value Box ................................................................................20
Starting Your Property Search.....................................................................21
Adding General Information ...................................................................21
Reviewing your Property Information ........................................................22
Viewing Subject Property Details .................................................................22
Understanding the Public Record and MLS Information ....................................22
Information Provided on the Subject Property ..............................................22
Opening Assessor Maps ..........................................................................23
Opening Public Record Documents ............................................................24
Editing and Adding MLS Data to Subject Property Details ....................................25
Accessing the Subject Property Edit Window................................................25
To Edit Subject Property Details on the Subject Tab ......................................26
Pulling in MLS Information .....................................................................26
Pulling in Appraisal Information .................................................................
Viewing the Subject Property's Transaction History ...........................................27
To View the Property's Transaction History .................................................27
Adding Photos .......................................................................................27
Printing Subject Property Data ...................................................................27
WORKING WITH COMPARABLES .................................................................... 29
Initial Selection of Comps .........................................................................29
Default Comp Search Settings .................................................................29
Changing the Default Criteria .................................................................30
Selecting Comparables..........................................................................30
Working in the Comparables Worksheet .........................................................32
Map View .........................................................................................33
Property Details View ...........................................................................33
Editing Comparable Property Details .........................................................34
Reconciling MLS and Public Record Data .....................................................35
Viewing the Property's Transaction History ..................................................35
Working in the Grid View ..........................................................................36
Editing Comparable Property Details in the Grid ...........................................37
Pulling in MLS Data ..............................................................................37
Making Value Adjustments .....................................................................38
Organizing and Deleting Comparables ...........................................................38
Reordering and Deleting Comps ...............................................................39
Adding Photos .......................................................................................39
Searching for Additional Comps ...................................................................40
To Search Using the Comp Search.............................................................40
To Search Using the Manual Comp Search ...................................................42
RECONCILING MLS AND PUBLIC RECORD DATA .................................................. 45
Understanding MLS and Public Record Information ............................................45
To Reconcile the Data ..............................................................................46
ii
Why Is the MLS Column Empty? ...................................................................48
Possible Reasons .................................................................................48
ADJUSTING COMPARABLES .......................................................................... 49
What Are Comparable Adjustments? .............................................................49
Making Global Adjustments ........................................................................50
To Make Global Adjustments ..................................................................50
Making Comp Level Adjustments .................................................................50
To Make Comp Level Adjustments ............................................................51
Setting a Comp Weight .............................................................................51
To Set a Comp Weight ..........................................................................52
Recalculating Market Value .......................................................................52
Understanding System Calculations ..............................................................52
Market Value .....................................................................................52
Global Adjustment Calculation for Comparables ...........................................52
Comparable Specific Adjustment Calculation ...............................................52
Net Adjustment for each Comparable = ......................................................53
Comparable Specific Adjustment = ...........................................................53
Market Value = Cumulative Specific Adjustments / Total comparable weight. ........53
ADDING PHOTOS ...................................................................................... 55
Adding Photos in the Grid..........................................................................55
Adding Photos in the Worksheet ..................................................................57
Viewing and Moving Photos ........................................................................58
Viewing Photos ...................................................................................58
Moving Photos ....................................................................................59
MARKET CONDITIONS................................................................................. 60
Understanding the Market Conditions Section ..................................................60
Condo Section .......................................................................................62
View and Modify Criteria ………………………………………………………………………………………………….62
View Records………………………………………………………………………………………..63
GENERATING A FINAL REPORT ..................................................................... 65
Previewing a Draft Report .........................................................................65
To Preview the Report ..........................................................................65
Creating a Final Report ............................................................................67
To Create a Final Report .......................................................................67
Sections in the Final Report....................................................................68
MANAGING WORK FILES.............................................................................. 69
Viewing Final Reports in the Archive.............................................................69
To View Reports in the Archive................................................................69
Viewing Work in Progress ..........................................................................70
To View Appraisals in Progress ................................................................70
Deleting an Appraisal ...............................................................................71
iii
To Delete an Appraisal..........................................................................71
WORKING IN THE QUALITY ASSURANCE WORKSPACE .......................................... 73
What Can a Quality Assurance User Do? .........................................................73
Searching Final Report Archives ..................................................................73
To Find Final Reports ...........................................................................73
Searching In Progress Appraisals ..................................................................74
To Search for In Progress Appraisals ..........................................................75
iv
Chapter 1
Introduction
In This Chapter
About CoreLogic ..................................................................................................... 1
What is AppraiserSuite? .......................................................................................... 2
About the AppraiserSuite User Guide.................................................................. 2
Who Should Read this Guide ................................................................................ 2
About CoreLogic
CoreLogic is a leading provider of consumer, financial and property information, analytics and services to
business and government. The company is recognized as the largest and most comprehensive source of U.S.
real estate, mortgage application, fraud, and loan performance data, property tax, valuation, flood
determination, geospatial analytics and services, and a market share leader in automotive credit reporting.
CoreLogic has more than one million users who rely on its data and predictive decision analytics to reduce
risk, enhance transparency and improve performance.
CoreLogic has the most comprehensive repository of public, contributory and proprietary data in the United
States, which combines property and mortgage information; legal, parcel and geospatial data; motor vehicle
records, criminal background records; national coverage eviction information, payday lending records, credit
information, and tax records. The company’s proprietary algorithms and modeling capabilities allow it to
analyze information assets and multidimensional data on multiple levels providing clients with unique
analytics and customized outsourcing services.
Clients include top mortgage lenders, regional and mid-sized banks, credit unions, mortgage brokers, multiple
listing organizations representing more than 750,000 REALTORS®, all government agencies that require real
estate data, appraisers, title companies, automotive dealers, employers, and a majority of the leading retailers
and database marketing companies in the industry. CoreLogic is the leading merged credit report provider
and the top provider to Fannie Mae® and Freddie Mac®. A recognized industry leader, CoreLogic holds a
chair on the Mortgage Industry Standards Maintenance Organization (MISMO) Governance Board.
CoreLogic data and economists are regularly cited by the nation’s leading news outlets including The Wall
Street Journal, The New York Times, The Washington Post, USA Today, The Los Angeles Times, Time,
Newsweek, Forbes, CNN, ABC News, CBS News and FOX News. CoreLogic data and analytics have also
been cited in official documents from Senate Minority Leader Dick Durbin, the U.S. Department of Housing
and Urban Development, the White House Council of Economic Advisors, and in the 2010 Economic
Report of the President.
For more information visit corelogic.com.
1
AppraiserSuite User Guide
Chapter 1: Introduction
What is AppraiserSuite?
AppraiserSuite provides independent appraisers and Appraisal Management Companies (AMCs) instant
access to standardized public record and MLS data in a unified, streamlined, interface, including property
detail, transaction history, comparables, MLS listings and more. Both appraisers and AMCs benefit from
eliminating the need to access multiple sources to gather the data needed to complete and review an appraisal
report. The result is a desktop appraisal that assists users with their efforts to comply with current Uniform
Standards of Professional Appraisal Practice (USPAP) standards and Home Valuation Code of Conduct
(HVCC) requirements
When incorporated into an AMC's order and fulfillment system, AppraiserSuite provides transparency and
quality control into the appraisal process. AMCs obtain immediate access to pertinent information regarding
the subject property value, property details, comparables and more.
About the AppraiserSuite User Guide
The AppraiserSuite User Guide provides all the information you need to quickly generate a fully compliant,
desktop appraisal.
This guide tells you how to:

Get started with AppraiserSuite, including system access, setting user profile defaults, and finding
your way around. See Chapter 2: Getting Started.
 Search for your subject property and work in your Appraisal worksheet to build the appraisal. See
Chapter 3: Working with your Subject Property.
 Work with comparable properties to create a realistic valuation. See Chapter 4: Working with Comparables
and Chapter 6: Adjusting Comparables.
 Reconcile MLS and public record data. See Chapter 5: Reconciling MLS and Public Record Data.
 Add photos and create USPAP compliant reports. See Chapter 7: Adding Photos and Chapter 8: Generating a
Final Report.
 Manage work files - accessing old appraisals for research or repurposing. See Chapter 9: Managing Work
Files.
 Use AppraiserSuite for Quality Assurance. See Chapter 10: Working in the Quality Assurance Workspace.
Who Should Read this Guide
This guide is designed for real estate professionals who generate residential home appraisals using public
record and MLS data and for AMC Quality Assurance users assigned to review appraisals to ensure
compliance.
AppraiserSuite Administrators will also find the guide useful but should also reference the Administrator's
Guide for information on configuring and maintaining the system.
2
Chapter 2
Getting Started
Welcome! You're ready to get started with AppraiserSuite, a powerful, web-based tool that pulls all the data
you need to generate your fully compliant desktop appraisals into one easy-to-use workspace. This section
provides all the information you need to get up and running and generating appraisals with AppraiserSuite
right away.
In This Chapter
System Requirements ............................................................................................... 3
Before You Begin ..................................................................................................... 4
Logging In to AppraiserSuite ................................................................................. 4
Understanding the Workspace ............................................................................... 6
Configuring Your User Profile ............................................................................... 8
Next Steps................................................................................................................13
System Requirements
Windows Operating Systems and Browsers

Windows 7; Microsoft Internet Explorer 8.0

Windows Vista; Microsoft Internet Explorer 7.0

Windows XP with minimum 256 MB of system memory (1 GB is recommended); Microsoft
Internet Explorer 6.0

Windows 2000; Microsoft Internet Explorer 6.0
Minimum Hardware

Intel® Pentium® II 450MHz, AMD Athlon® 600MHz or faster processor (or
equivalent).

256 MB RAM or greater (1 GB is recommended).

1024x768 display (1280x800 recommended)
3
AppraiserSuite User Guide
Chapter 2: Getting Started
Before You Begin
Before you begin, make sure you have reviewed the system requirements to ensure you meet
the minimum requirements for running AppraiserSuite.
When you are ready to go, make sure you have the following on hand:

the User ID and Password you received from CoreLogic customer service

Your MLS credentials
Note: If you do not belong to an MLS, AppraiserSuite will be fully functional, but only with
public record information. CoreLogic is working to establish agreements with MLS boards
across the nation to enable them for use with AppraiserSuite.
Logging In to AppraiserSuite
Accessing AppraiserSuite
AppraiserSuite can be accessed directly from the following URL:
https://www.AppraiserSuite.com
TIP: Bookmark this URL to your browser Favorites for future use.
To Login to AppraiserSuite
1.
Open your web browser and enter the URL (see previous section) into the address bar.
2. In the login box, enter your User ID and Password:
3. Click Login.
4. If you are a member of one or more MLSs, login to an MLS to pull MLS information into your
searches and reports. If you have access to Appraisal Data, you may also log into your Appraisal
Data Region.
5. You may log into MLS and/or Appraisal Data, or click Cancel to bypass this step and only
access Public Record data.
4
Getting Started
Chapter 2: Getting Started
In the MLS login box, select the MLS System that you are an active member of and enter
your MLS user name and password:
Note, if you are a member of the Appraisal Data Coop, you will also see an option to select
the appraisal data region. You can select your region and click Login to access the Appraisal
Data. The regions are listed below.
MDC_OK Oklahoma
MDC_GA Georgia
MDC_NY New York
MDC_TX Texas
MDC_CHI Chicago
This will work the same as accessing MLS data, except you will view appraisal data. As you
review this User Guide, Appraisal Data will be displayed for any users that have been provided
access to the data. As long as you have been set up in the system to access the appraisal data, you
should be able to see your Appraisal Data region listed above.
NOTE. If you belong to more than one MLS, you will have the ability to change to a different MLS
as you use the application.
6. Click Login. The AppraiserSuite main workspace opens. From the AppraiserSuite workspace,
you can search for a new property or select a property from your work files in the Archives or In
Progress areas.
5
AppraiserSuite User Guide
Chapter 2: Getting Started
Signing Out of AppraiserSuite
When you are finished working in AppraiserSuite, you can sign out of the system. Click the Sign Out
link at the top of the Workspace:
Recovering Password Information
The Forgot Your Password link allows you to obtain password information from the AppraiserSuite
website. Simply go to the login page and click on the Forgot Your Password link. Enter your username
and the system will email a new password to the address on file.
Understanding the Workspace
After you log in to the system, the Workspace opens up. This main page lets you search for a
property, access an archive of past appraisals, open the appraisals you are currently working on, and
maintain your user profile:
6
Getting Started
Chapter 2: Getting Started
Accessing Appraisal Data
Users with access to Appraisal data will see a new tab after logging into their MDC region. The
search page includes an additional tab called Quick Search. Quick Search allows you to quickly
search for appraisal records using a variety of different search options. View Working with Your Subject
Property for details.
Finding your Way Around AppraiserSuite
The navigation bar is available at the top of the AppraiserSuite workspace:

In Progress: Provides access to a list of active appraisals.

Archive: Provides access to past reports you have created, allowing you to reuse information for
new appraisals and/or review previous work.

New Appraisal: Creates a worksheet so you can begin work on a new appraisal.

Save: Saves any data you have entered since the last save.

Submit (only available when AppraiserSuite is integrated into an Appraisal Management Company's order
management system). Transmits an electronic file of your worksheet and automatically creates a
final report in PDF format. This report is stored within the AppraiserSuite Archives.

Create Report: Creates a final report. Your usage will be tracked for billing purposes.

Preview Report: Generates a preview of the report. This is not a billable event and you will not
be charged. This version of the report does not include the Statement of Limiting Conditions or
a digital signature.

User Profile: Access and update your profile.

Release Info: Access information on the newest features added to AppraiserSuite

?: Access the AppraiserSuite User Guide
Important! Do not use the back button in your browser to navigate around AppraiserSuite. This can
cause unexpected results. Use the links in the navigation bar instead.
7
AppraiserSuite User Guide
Chapter 2: Getting Started
Changing the MLS
When you first login to AppraiserSuite you have the option of selecting and logging into an MLS. If
you did not login to an MLS at that time, or you want to change to a different MLS while working,
you can do so on any ApprasierSuite page using the Select Data Source link at the top of the
workspace: Appraisal Data Regions can also be accessed from the same drop down.
To view the data sources you are logged into, hover over the “Select Data Source” link. To change
your data sources, slick on the “Select Data Source” link. Click the “Sign Out” link next to the MLS
to sign out of the MLS.
Configuring Your User Profile
Your user profile contains your latest contact and professional certification information, your default
MLS system, and your default comp search criteria. If you are a Quality Assurance user that is
accessing AppraiserSuite to search for properties and comparables to verify an existing appraisal, you
should also set up a user profile.
Opening Your User Profile
To open your user profile, click the User Profile link on the navigation menu:
8
Getting Started
Chapter 2: Getting Started
The User Profile page opens:
The first time that you use AppraiserSuite, you should complete the Appraiser Info, the MLS Info,
the Default Comp Setup, and the Primary Data Source Setting sections of your user profile. Note:
The MLS Info tab is only available for the Appraiser workspace. Quality Assurance users will not
need to set up a Default MLS.
Adding your Appraiser Information
1.
Open your user profile.
2. On the User Info tab (see screen shot above) enter the following information about yourself:

Your contact information, including name, address, email, phone number, etc.

Your license or state certification number. If you are a QA user, enter "QA User" in either one
of these fields.
NOTE: All the fields with a red * on this form are required. Phone and Zip Code fields must be
entered in a valid format.
3. When you are finished adding your profile information, click Save Changes.
Adding a Default MLS
Each time you use AppraiserSuite, you will be prompted for your MLS credentials. The login
prompt will auto populate with your default MLS system and User ID so that all you will have to
enter is your MLS password.
To add your Default MLS:
1.
Open your user profile.
9
AppraiserSuite User Guide
Chapter 2: Getting Started
2. Click the MLS Info tab:
3. Click Add MLS.
4. Select the MLS Name from the drop down list.
5. Add your User ID for the MLS you have selected.
6. Click Save.
TIP: If you are an active member of more than one MLS, repeat Steps 3 through 6 for each MLS.
You'll then be able to switch MLSs using the Change button on the workspace:
Default Comp Search Settings
The first time you access the Comparables for a subject property, a default comparable search is
executed.
The default comps search uses the following criteria:
OPTION
DESCRIPTION
Data Source
Both
Sort Comps By
Distance from Subject
Distance from Subject Property
.5 miles
Date Range
From one year back of effective date until
effective date
Living Area Difference
Default Value is Set to None
Listing Status
All
Land Use
Same as Subject
Customize your Comp Search
To customize the comp search, the following options are available. If you leave a value blank, that criteria
will be ignored in the comps search.
10
Getting Started
Chapter 2: Getting Started
OPTION
DESCRIPTION
Data Source
Set the Data Source for the search criteria to MLS, Public Record, or Both. MLS will
only return MLS listings in the comparable search results, Public Record will only return
public record properties in the comparable search results, and Both will return a mixed set
of comparable properties that meet the search criteria from both MLS and public record
data sources. If you have access to Appraisal Data, this will also be listed as an option in
the drop down.
Max Number of Comps
Enter a value less than 100. This specifies the number of comparables that are returned
in a single search. This is 100 comps per data source.
Sort Comps By
Select a value from the drop down list for Sort Comparables By. This is the sort order
that determines how the comparables returned from a comp search are displayed to the
user.
Number of Months
Back or Date Range
This time period limit will be applied to the sale date of a comparable property.
Enter a fixed value for the number of Months Back. The fixed value will limit the comp
search to a specific number of months back from the effective date of the search. You
can also remove the value if you don’t want to set a limit. However, it will bring back
comps from a wide range of dates.
OR
Enter a From month and a To month to set a Date Range. The date range will limit the
comp search results to a specific time period.
Distance from Subject
Property
Enter a value less than 10 miles (decimals can also be used - for example, .5 to indicate a
half mile). The distance from the subject property is calculated on the fly based upon the
comparables latitude and longitude coordinates in relation to the subject property.
Geographic Options
Select a Geographic Option to limit the comparable search results to subdivision, census
tract, etc.
Subdivision
Enter the name of the subdivision. Make sure to enter all the names that may be used to
refer to the subdivision in both MLS and Public Record data.
Map Reference
Enter the regional map reference or other geographic identifier. Make sure to enter all the
Map References that may be used in both MLS and Public Record data. This can also be
used for Appraisal Data searches. Aero map has been mapped to this field for the
Georgia data.
Price
Enter a minimum price value in the From field and a maximum price value in the To
field. This range will be applied to the sales price on the comparable properties returned
in the comp search.
Year Built
Enter the start year in four digit format (yyyy) in the From field and enter the end year in
four digit format (yyyy) in the To field. This range will be applied to the year built on the
comparable properties returned in the comp search.
Bathrooms
Enter the minimum number of bathrooms in the From field and enter the maximum
number of bathrooms in the To field. This range will be applied to the total bathrooms
on the comparable properties returned in the comp search.
Bedrooms
Enter the minimum number of bedrooms in the From field and enter the maximum
number of bedrooms in the To field. This range will be applied to the total bedrooms on
the comparable properties returned in the comp search.
11
AppraiserSuite User Guide
Chapter 2: Getting Started
OPTION
DESCRIPTION
Stories
Enter the minimum number of stories in the From field and enter the maximum number
of stories in the To field. This range will be applied to the number of stories on the
comparable properties returned in the comp search.
Living Area Difference
OR Living Range
Living Area has two options. The living area specified is applied to the gross living area
of a comparable property. Enter a value for Percentage Difference. This will compare the
percentage difference between the subject property living area and the gross living area of
each comparable property returned in the comp search.
OR
Enter a minimum value in the From field and a maximum value in the To field to set a
Square Feet range. The square feet range will limit the comp search results to
comparables with gross living areas that fall within the specified range.
Lot Area Difference
OR Lot Range
Lot Area has two options. This lot area specified is applied to the lot area of a
comparable property.
Enter a value for Percentage Difference. This will compare the percentage difference
between the subject property lot area and the lot area of each comparable property
returned in the comp search.
OR
Enter a minimum value in the From field and a maximum value in the To field to set a
Square Feet range. The square feet range will limit the comp search results to
comparables with lot areas that fall within the specified range.
List Status
Highlight a listing status in the Available list and click the right arrow to add the listing
status to the Selected list. To remove a listing status from the Selected list, highlight the
item and click the left arrow. The Listing Status option will limit the comp search
results to comparable properties that match at least one of the listing status codes in the
Selected list.
List Price
Enter the minimum list price in the From field and enter the maximum list price in the
To field. This price range will be applied to the current list price on the comparable
properties returned in the comp search.
Pool
Select the radio button that corresponds to the No Preference, With Pool or Without
Pool options. The pool option will limit the comparable search results to properties that
meet the specified option.
Land Use
Highlight a land use code in the Available list and select the right arrow to add the code
to the Selected list. To remove land use code from the Selected list, highlight the item
and select the left arrow. The Land Use option will limit the comp search results to
comparable properties that match at least one of the land use codes in the Selected list.
NOTE: Same as subject will match to the subject property's land use code.
Style
Highlight a style in the Available list and select the right arrow to add the style to the
Selected list. To remove style from the Selected list, highlight the item and select the
left arrow. The Style option will limit the comp search results to comparable properties
that match at least one of the styles in the Selected list. NOTE: Same as subject will match
to the subject property's style.
12
Getting Started
Chapter 2: Getting Started
Primary Data Source Setting
Select your preferred default data source to display for subject property and comparables (this applies to
all the search tabs, manual comparable search, and comparable search). You can select between Public
Record, MLS, and Appraisal Data (if subscribed). Important Note: Public Record will be your default
data source until you make this change on your User Profile
1.
Open your user profile.
2. Click the Settings tab:
3. Select your Primary Data source.
4. Click Save.
Note: If the property detail is not found in the primary data source then the property data will be
searched from secondary and ternary data sources. Example: If the primary data source is set as Appraisal
data then the property is searched in the Appraisal data source. If the property is not found in Appraisal
data source then the property is searched in Tax roll data source and if not found is searched from MLS
Next Steps
Congratulations, AppraiserSuite is now primed and ready to start working for you!
Your next step is to run a subject property search. After you find your property, the fun begins. You'll be
able to view, compile, and slice and dice the MLS and public record information on your subject property
in one, streamlined interface, and ultimately create a final report for delivery.
For detailed instructions, move on to Chapter 2: Working with your Subject Property.
13
Chapter 3
Working with Your Subject Property
The subject property is the property for which you will be developing an appraisal. You work with
the subject property in the Appraisal Worksheet, a tabbed page that contains all the information you
will need to develop your appraisal.
In This Chapter
Searching for the Subject Property ......................................................................16
Understanding the Appraisal Worksheet ............................................................19
Starting Your Appraisal .........................................................................................21
Viewing Subject Property Details ........................................................................22
Editing and Adding MLS Data to Subject Property Details ...........................25
Viewing the Subject Property's Transaction History ........................................27
Adding Photos ........................................................................................................27
Printing Subject Property Data ............................................................................27
15
AppraiserSuite User Guide
Chapter 3: Working with Your Subject Property
Searching for the Subject Property
If you are not an appraisal data user, you will see the search screen below after logging into
AppraiserSuite and your Data Source. Subject Property page is where you will search for
information on your subject property. You may also click on the User Profile-Settings link to modify
the Default Data Source. Please view the Primary Data Source Settings section under Configuring Your
User Profile for more information.
Primary Data Source Setting
If you selected an appraisal data source when you first logged into AppraiserSuite, the following
Enter Subject Property page opens with an additional tab called Quick Search:
To Find the Subject Property
1.
There are several options for conducting your subject property search. When Appraisal data is
selected, an additional Subject Property searching option is displayed. Click one of the following tabs
to begin your search (you can only enter data on one tab):

Quick Search Tab: Enter the state and county OR zip code of the subject property along with
other search criteria listed below and found in Step 2 on the Quick Search page.
16
Working with Your Subject Property
Chapter 3: Working with Your Subject Property

Address: Enter the street address(s) for the appraisal records you are searching. You may
add multiple addresses or search for a single address. Enter House # and Street name or
Street name only.

APN: Enter your Assessor Parcel Number.

City: Enter your City

Date Range: Enter a fixed value for the number of Months Back. The fixed value will limit
the search to a specific number of months back from the effective date of the search. You
can also remove the value if you don’t want to set a limit. However, it will bring back
records from a wide range of dates. OR Enter a From month and a To month to set a Date
Range. This will limit the number of records found in the specific time period.The Date
Range will limit the number of records found in the specific time period.Range.

Legal Block: Find properties by the block or condo building number as extracted from the
legal description information.

Legal Lot: Find properties by the lot or condo unit number as extracted from the legal
description information.

Rental: Find properties indicated as rental(s).

Subdivision: Locate properties by subdivision name. You will need to enter the name of the
Subdivision.

Subdivision (Table Search): Locate properties by subdivision name. You can select a
subdivision from the options listed in the table.

Subscriber ID: Find properties by the Appraiser’s subscriber ID.

Municipality/Township: Use this search to locate regional properties.

Address Tab: Enter the street address of the subject property, including the state OR zip code.

Advanced Address Tab: Enter the street address in the individual fields, including House No, Pre
Direction, Street Name, Post Direction, Suffix, Unit No, State, County OR zip code.

APN Tab: Enter your Assessor Parcel Number.

Other Tab: The Other tab provides all the options listed below:

Legal Lot: Find properties by the lot or condo unit number as extracted from the legal
description information.

Legal Block: Find properties by the block or condo building number as extracted from the
legal description information.

Map Reference: Use this search as a regional map reference or other geographic identifier.

Map Page & Grid (CA Only): Use this to reference the “new” Thomas Brothers map page
and grid (California only)

Municipality/Township: Use this search to locate regional properties.

Owner Name: Enter the name of the property owner. This will return all the properties for
the owner in a specific County.

Subdivision: Locate properties by subdivision name. You will need to enter the name of the
Subdivision.

Subdivision (Table Search): Locate properties by subdivision name. You can select a
subdivision from the options listed in the table.
17
AppraiserSuite User Guide
Chapter 3: Working with Your Subject Property
To obtain additional information on the tabs, click on the item you would like to use as a search tool and
click on the
to the right of the search box.
2. Confirm the Effective Date
There are two options to change the Effective Date. You may type in a date using the MM-DDYYYY format or use the calendar.
To use the calendar, click on the icon to the right of the date field. The month can be updated by
clicking on the red title bar. Click again to update the year. To return to the days, click on the title
bar one more time.
3. Retro Search
You may also perform your search based on an effective or retro date. Check the box ‘Apply Effective
Date to search.’ The search will look for both recording date and sales date prior to the effective date to
maximize properties returned.
4. Click Search.

If you conducted a search using the options in the “Other” tab, a list of properties will be returned.
You can then select one property from the list.

If you conducted an Address, Advanced Address, or APN search, a single property is returned or, if
there is not an exact match, a list of close matches to review is returned.
5. Select the subject property you would like to work with.
The property opens in the Appraisal Worksheet and you are ready to start working on your appraisal.
6. Search Results can be sorted by clicking on the title for each column
Quick Search
Appraisal Data Coop Members will have access to the Quick Search tab in AppraiserSuite. The
Appraisal Worksheet options in the next section will not apply to Quick Search results. Quick Search
18
Working with Your Subject Property
Chapter 3: Working with Your Subject Property
is meant to allow the user to quickly view and print the appraisal information. Results can also be
sorted by clicking on the title in each column. Selecting the Print button will allow users to print the
list of results.
To print the detailed information for each record, you must first open the record and then click
“print”.
Selecting multiple records on the search result screen will allow you to view the detail for each record.
Click the Next button to go to the next record.
Understanding the Appraisal Worksheet
The Appraisal Worksheet is the main work area for your new, existing, or archived appraisal. Quick
Search is the only search tool that will not take the user directly to the Appraisal Worksheet.
Appraisal Worksheet
19
AppraiserSuite User Guide
Chapter 3: Working with Your Subject Property
Appraisal Worksheet Tabs
The Appraisal Worksheet contains a set of tabs that you use to view, select, enter and adjust information
on your subject property and its comparable properties:
Each tab is described briefly below:

General: This is where you start your appraisal. It includes general information, including client
information, the effective date, order ID, and the type of inspection you will be doing.

User: The Appraiser Information section is populated with information from your User profile
in AppraiserSuite.

AVMs: If AVMs are configured this tab contains the AVM values. The average of the AVM
values is a starting "Market Value" for your subject property.

Subject: The Subject Property worksheet includes the Owner Information, Property
Information, Property Characteristics, Site Information, Tax Information, Listing Information,
Last Market Sale, and Prior Sale information sections. With the exception of the Listing
Information section, all sections are sourced from CoreLogic public record data.

Comparables: The Comparables worksheet includes the top six comparables based upon the
criteria defined in the Default Comp Setup section of your User profile.

Grid: The Grid is where you will do the majority of your work. This section includes the subject
property and the top six comparables in a side-by-side layout where you can view, organize,
adjust, and edit the information.

Market Conditions: This tab provides the information needed for a market conditions analysis.
Comparables are used to automatically prefill the form and provide trends, comparable sales,
active listings, median sale price and more. Information is divided into 3 categories: current to 3
months, previous 4-6 months and previous 7-12 months.

Comments: This tab gives you a place to add comments that will appear at the bottom of the
final report. It should be used for comments on the overall valuation of the property.

Other Reports: This tab provides access to other reports that provide information to help you
work through your valuation. Currently one report - the Listing and Market Activity Report - can
be made available by contacting CoreLogic and having it added to your contract. The Listing and
Market Activity Report provides a 360-degree view of the subject property including the current
market status and local market conditions using public record information and market analytics.
Market Value Box
The Automated Valuation Models (AVMs) are a configurable option in AppraiserSuite. If you have
clicked on the AVM tab and viewed the AVM’s, the starting Market Value for the worksheet will be the
average of the AVM values for the subject property. If the AVMs are not configured or you have not
viewed the AVM tab, then the starting Market Value will be $0. The Market Value is updated when
completing the comp selection and adjustment process. It is then the weighted average of the adjusted
comparable values. See Recalculating Market Value on page 52 for details.
20
Working with Your Subject Property
Chapter 3: Working with Your Subject Property
Starting Your Property Search
You start your search by entering some general, required information and reviewing the appraiser
information that is brought in from your User profile.
Adding General Information
The General tab is open by default after you search for and select your subject property:
1.
Enter general information as follows
NOTE: This information is required and will appear on your final report.

Effective Date: The Effective Date defaults to the current date, but can be changed by typing in a
new date or clicking the calendar icon and selecting a new date. Set the Effective Date to a prior date
to perform retroactive appraisals - ideal for historical appraisal reviews or forensic appraisals for
insurance purposes. All the information returned within AppraiserSuite will be "time-boxed" to that
retroactive time frame.

Order ID: Enter the reference number from the AMC or lender for valuation.

Inspection Type: Select the type of inspection you will be conducting - Desktop, Exterior, or
Interior.

Client Name, Address, Contact, and Telephone: Enter the client's name, address, contact, and
contact phone number.
2. Click Save in the main navigation bar at the top of the page to save your changes.
21
AppraiserSuite User Guide
Chapter 3: Working with Your Subject Property
Reviewing your Property Information
Click the User tab to view the information you have configured about yourself in your User profile:
This information appears in the final report, so if you need to change anything make the changes in your
User profile and the updates will be automatically pulled into your "in progress" appraisals. Refer to
Configuring Your User Profile on page 8 for details on how to update your User profile.
Viewing Subject Property Details
Detailed information on your subject property is available on the Subject tab of the Appraisal Worksheet:
Understanding the Public Record and MLS Information
With the exception of the information on the Listing tab, information on your subject property is
sourced from CoreLogic public record data. If you are an active member of an MLS, you will have
access to listing information in addition to the public record data. Members of the Appraisal Data Coop
will also obtain access to appraisal data.
CoreLogic updates public record data as frequently as the county provides a data feed. In some counties
that can be daily, in others weekly or monthly. There are some extreme cases where counties only
provide their data feed on a quarterly or annual basis.
For this reason, you may find discrepancies between the public record and MLS information and you will
want to "reconcile" the public record information with the MLS-sourced information. See Chapter 5,
Reconciling MLS and Public Record Data, for details.
Information Provided on the Subject Property
The Subject property worksheet has the following sections of information:

Owner Information: The Owner Information section is populated from the most recent public
record data for the county. In some cases, properties may have changes in title that have not
22
Working with Your Subject Property
Chapter 3: Working with Your Subject Property
been updated within the CoreLogic systems. In these cases, the MLS may have the most recent
data.

Property Information: The Property Information section is populated from the most recent
public record data for the county. This information is rarely updated in the county records and
CoreLogic will be the most accurate source of information.

Property Characteristics: Property Characteristics are populated from the most recent public
record data for the county. In some cases, properties may have made improvements that have
not yet been recorded with the county. In these cases, the MLS may have the most recent data.

Site Information/Tax Information/Last Market Sale/Prior Sale: CoreLogic public record
data is generally the best source for Site, Tax, Last Market Sale, and Prior Sale Information. In
addition, the CoreLogic transaction history is immediately available for the subject property by
selecting the View Transaction History link in the bottom right hand corner of the worksheet.
A Flood Map, Assessor Map and Document images are also available from within AppraiserSuite
for an additional fee. Annotations can be added to the Assessor Map for quick reference. The
map can also be saved to the desktop or replaced with a different version. Listing Information:
If you are an active member of an MLS, you will be able to access the Listing Information for
the subject property. The most recent listing information can be accessed for the subject
property by selecting the Edit icon in the top left hand corner of the Subject Property
worksheet. See Editing the Subject Property Details on page 25 for more information.
Opening Assessor Maps
If you have checked the Assessor Map box in the Subject tab, the system will pull in the Assessor Map
for the subject property. The hyperlink under the Assessor Map section indicates that there is an
Assessor Map available for this property. Click on the link to open the map. You may also upload a
different file by clicking on the blue arrow in the Assessor Map section. Please note, the first time you
open an assessor map, you may be required to install an active-x component.
23
AppraiserSuite User Guide
Chapter 3: Working with Your Subject Property
Annotations can be made by clicking the Annotate option in the menu bar. You can also zoom in using
the magnifying glass or add dimensions using the ruler in the navigation bar.
Opening Public Record Documents
The hyperlinks on the page indicate items that have a public record document linked to it:
24
Working with Your Subject Property
Chapter 3: Working with Your Subject Property
Click the link to view the item. The document opens in a document viewer:
Click the X in the upper, right corner of the window to close it and return to the Subject Property
Details page.
Editing and Adding MLS Data to Subject Property Details
You can easily edit any of the subject property details. This is helpful when you want to add listing
information, but are not a current member of an MLS or when you want to update outdated public
record information with the more current MLS data.
Note: APN and Data Source cannot be edited.
Accessing the Subject Property Edit Window
You can edit the subject property details from the Subject tab and also while working on the Grid. The
next section describes how to edit property details on the Subject tab. Refer to Working in the Grid View
on page 36 for details on how to edit from the Grid.
25
AppraiserSuite User Guide
Chapter 3: Working with Your Subject Property
To Edit Subject Property Details on the Subject Tab
1.
On the Subject tab, click the Edit icon in the upper left corner.
The Edit Subject Property Details window opens, displaying the public record data in the column
on the left and, if applicable, the MLS data in the column on the right. The fields highlighted in blue
indicate any discrepancies between the two sources:
NOTE: If the MLS column is empty, you may not have access to the MLS information. Refer to Why Is
the MLS Column Empty? on page 48 for possible reasons.
2. Make changes to any of the fields.
3. Click on the radio button to select the data you want to display in the worksheet.
4. Click Save to save your changes and view the data in the worksheet. MLS data will appear in green.
Any data you typed will appear in blue.
Pulling in MLS Information
If you are a member of an MLS, you will also have the ability to compare the public record data with the
MLS data and reconcile any differences you find on a field-by-field basis. For more information on
reconciling property details, refer to Chapter 5: Reconciling MLS and Public Record Data on page 45.
Pulling in Appraisal Information
If you are a member of the Appraisal Data Coop, you will have the ability to compare the public record
data with the MLS data and the Appraisal data. Instead of 2 columns you will see 3 columns of data.
Appraisal data will appear in the 3rd column.
26
Working with Your Subject Property
Chapter 3: Working with Your Subject Property
Viewing the Subject Property's Transaction History
The CoreLogic transaction history is available for the subject property. This includes a complete sales and
financing history for the property.
To View the Property's Transaction History
1.
On the Subject tab, scroll down to the bottom of the page and click View Transaction History:
The View Transaction History window opens:
TIP: The hyperlinks on the page indicate items that have a public record document linked to it. Click the
link to open and view the item. You can also click the “Print Preview” button to print the Transaction
History Information.
2. When you are finished viewing the transaction history, click Close at the top of the window to close
it and return to the Subject tab.
Adding Photos
AppraiserSuite allows you to add up to four photos per photo page for the subject property and one
photo for comparables. These photos will appear within the final report with the property address and
comments or details that are entered as the photo caption.
Refer to Chapter 7, Adding Photos for details.
27
AppraiserSuite User Guide
Chapter 3: Working with Your Subject Property
Printing Subject Property Data
Next to the photo icon you will see a small printer icon. Click on the icon to print the information listed in
the Subject tab.
28
Chapter 4
Working with Comparables
AppraiserSuite streamlines the identification and selection of comparables or "comps" by automatically
identifying the top matches and allowing you to view the details, bring in MLS data, and reconcile the
public record and MLS information the same way you can for your subject property. The comps and
your subject property are displayed in a user-friendly Grid view, helping you to see all the properties
together and make any edits to the information you want to include in the final report.
In This Chapter
Initial Selection of Comps.....................................................................................29
Working in the Comparables Worksheet ...........................................................32
Working in the Grid View ....................................................................................36
Organizing and Deleting Comparables ...............................................................38
Adding Photos ........................................................................................................39
Searching for Additional Comps..........................................................................40
Initial Selection of Comps
Default Comp Search Settings
The first time you access the Comparables for a subject property, a default comparable search is
executed.
The default comps search uses the following criteria:
OPTION
DESCRIPTION
Data Source
Both
Sort Comps By
Distance from Subject
Distance from Subject Property
.5 miles
Date Range
From one year back of effective date until effective date
Living Area Difference
Blank
Listing Status
All
29
AppraiserSuite User Guide
Land Use
Chapter 4: Working with Comparables
Same as Subject
Changing the Default Criteria
You can change the default comp search criteria in your User profile. Refer to Configuring Your User Profile
on page 8 for details.
Selecting Comparables
1.
Click the Comparables tab for the subject property.
The default Comparable Search launches and the Comparable Search window is returned, showing
property results.
The property source (MLS vs. public record) and MLS status (Short Sale and Foreclosure) are
indicated by different color boxes (see the Legend on the map below). The subject property stands
out on the map in red. If you are accessing Appraisal data, you will also be able to view comparables
from the Appraisal Data Coop.
2. You will also have the option to use drawing tools to refine your comparable search. These tools
allow you to focus your search on specific areas of the map.
30
Working with Comparables
Chapter 4: Working with Comparables
Click on the pencil icon located on the top right corner of the map. You can select between a
Rectangle, Radius and a Polygon. If you are interested in measuring the distance between two points,
you may use the Line tool to obtain the information. Below are instructions on how to use each tool.
Please Note: This feature is currently not available for Multiple Regional MLS Listing Service,
Southern California Multiple Listing Service, San Diego County's Regional Multiple Listing Service
and Mid America Regional Information Systems.
Shape
Instructions
Rectangle
Click anywhere inside the map. Hold the left button down while you
drag the rectangle. To finish, release the button and click Refine
Search in the toolbar.
Radius
Click anywhere inside the map. Hold the left button down while you
drag the circle. To finish, release the button and click Refine Search
in the toolbar.
Polygon
Click anywhere inside the map. Continue clicking on different points
in the map to draw a shape. To complete the shape click back on the
starting point and then click Refine Search in the toolbar.
Line
This tool is used to measure the distance between two points. Click
anywhere inside the map. Click again on a second location inside the
map. To complete the shape click twice on the final point.
31
AppraiserSuite User Guide
Chapter 4: Working with Comparables
3. To make your comparables selection (you will be able to change this later), select the properties on
the grid below the map. Selected properties will be highlighted in blue text:
4. You can also sort the data by clicking the title in each column.
5. Click Close. The selected comparables will now be viewable on the Comps worksheet and the Grid
view. See Understanding the Comparables Worksheet on page 32 and Working in the Grid View on page 36
for details.
Working in the Comparables Worksheet
The Comparables Worksheet includes a map of the area showing the subject property and the selected
comparables, followed by the property details for each comparable. You can also view the parcel
boundaries for each of the homes surrounding the subject property.
You can use the worksheet to annotate the map, view and edit property details, add photos, reorganize
comps, and, if you are a member of an MLS you can bring in the MLS data and, if needed, reconcile it
with the public record data.
32
Working with Comparables
Chapter 4: Working with Comparables
Map View

The controls in the upper left corner allow you to control the zoom level and the area of
coverage shown on the map.

The Road, Aerial, Bird's Eye options along the top control the map view. By default the map is
in Road view, as shown above, which displays roads and road names. You can change this to
display an aerial photo view, or a bird’s eye close-up view.

The properties appear on the map with a number that corresponds to the property details grid
below.

The Legend shows the color coding for the subject property and the comparable properties. You
can turn the legend on and off at the top of the map.

You can also print the comparable detail information for all the properties by clicking the “Print
All” button
TIP: The selected map view (Road, Arial, Bird's Eye), whether or not labels and the legend are displayed,
and the current zoom level will be the map view displayed in the final report. Before generating the final
report, make sure the settings are as you would like them to appear.
You can annotate the map by clicking a property box and adding a short note about it:
Property Details View
Property details for each comparable are available beneath the map. Each comparable on the worksheet
is numbered with a number that corresponds to its number on the map.
33
AppraiserSuite User Guide
Chapter 4: Working with Comparables
Each Comparable Property section on the worksheet contains owner information, property information,
prior sale information, property characteristics from CoreLogic public record data as well as MLS specific
listing information that you can bring in when you edit the property details (see next section). Appraisal
data may also be included if this is available for your contract. There is also a print icon that you can
click on to print the information for the comparable property.
Editing Comparable Property Details
You can edit any of the comparable property detail fields, with the exception of APN, Data Source, Type,
and ID. The editing process also lets you pull in MLS listing information if you are signed in to an MLS.
1.
Click the Edit icon in the upper left corner of the comparable:
The Edit Comparable Property window opens, displaying the public record data in the column on
the left and, if applicable, the MLS data in the column on the right. The fields highlighted in blue
indicate any discrepancies between the two sources. Only fields that have data will be highlighted. If
you are accessing Appraisal data, this will appear in a 3rd column to the right of the MLS data.
34
Working with Comparables
Chapter 4: Working with Comparables
NOTE: If the MLS column is empty, you may not have access to the MLS information. Refer to Why Is
the MLS Column Empty? on page 48 for possible reasons.
2. Make changes or additions to any of the fields.
3. Click Save to save your changes.
NOTE: If you are accessing Appraisal Data, you will also see an Appraisal History link on the top right
of the page. You may click this link to view other appraisal records for your property.
Reconciling MLS and Public Record Data
If you are a member of an MLS, you will also have the ability to compare the public record data with the
MLS data and reconcile any differences you find on a field-by-field basis. For more information on
reconciling property details, refer to Chapter 5: Reconciling MLS and Public Record Data on page 45.
Viewing the Property's Transaction History
The CoreLogic transaction history is available for the subject property. This includes a complete sales and
financing history for the property.
1.
Scroll down to the bottom of the comparable property details and click View Transaction History:
35
AppraiserSuite User Guide
Chapter 4: Working with Comparables
The View Transaction History window opens:
TIP: The hyperlinks on the page indicate items that have a public record document linked to it. Click the
link to open and view the item.
2. When you are finished viewing the transaction history, click Close at the top of the window to close
it and return to the Comparables Worksheet.
Working in the Grid View
The Grid screen is designed like the standard Uniform Residential Appraisal Report (URAR). The left
column contains the subject property information that is required on a URAR form for a residential
property (single family dwelling or condo). The columns to the right of the subject property display the
information on the selected comparables.
The Grid gives you the ability to apply global adjustments for Living Area, Lot Size, Bedrooms, Bath and
Age and individual Comp level adjustments for each adjustable attribute. Each comparable can also be
weighted on a scale from 10% to 100% relative to the other comparables. When the Market Value is
recalculated, it will display the weighted average of the comp adjusted values.
All fields can be edited in the Grid except the Data Source, Verification Source, Sale Price/GLA fields
and the calculated adjustment fields.
36
Working with Comparables
Chapter 4: Working with Comparables
In the Grid you can reorder or delete comparables, access MLS data for each property, make
comparables adjustments and weight each comparable to determine the final property valuation.
Editing Comparable Property Details in the Grid
As in the Comparables Worksheet, you can edit any of the comparable property detail fields in the Grid,
with the exception of Data Source, Verification Source, Sale Price/GLA and the calculated adjustment
fields.
To Edit a Field in the Grid
1.
Click in the field and make your change or addition. To make changes to the Value Adjustment fields,
please note that the descriptions are entered into the left column and the adjustment is entered into
the right column. Refer to Chapter 6: Adjusting Comparables on page 49 for information on adjustments.
2. Don't forget to click Save after you make your changes.
Pulling in MLS Data
If you are a member of an MLS, you can pull MLS listing data into the Grid. You will also have the ability
to compare the public record data with the MLS data and reconcile any differences you find on a fieldby-field basis.
37
AppraiserSuite User Guide
Chapter 4: Working with Comparables
To pull in your MLS data, click Get Data on the drop-down menu that is available for every property on
the grid:
When you access the Edit Comparable Property window and you are signed into an MLS, the MLS
data is pulled in and any differences between public record data and MLS data are highlighted in blue:
NOTE: If you have access to Appraisal Data, you can access it through the same drop-down menu by
clicking “Get Data”.
You can then decide which data you would like to use in your final report by selecting the Tax Record
radio button (to the right of the field and selected by default) or the MLS radio button (to the left of the
MLS field). For example, for the # of Stories discrepancy noted in the screen shot above, you could
select the MLS field for # of Stories if you would like your final report to indicate that the property has
1.5 Stories.
For more information on reconciling property details, refer to Chapter 5: Reconciling MLS and Public Record
Data on page 45.
Making Value Adjustments
AppraiserSuite supports the ability to make both global and comparable level adjustments that are needed
to determine the final valuation for the property. These adjustments can only be made in the Grid view.
There are two types of adjustments that can be made:

The Global Comparable Adjustments feature available in the Grid provides the ability to adjust
based on Living Area, Lot Size, Bedrooms, Bathrooms, Age and Sale Date for all comparables
with a single entry.

The Comp level adjustment can be made on any field in the Grid except those that are set by the
Global Adjustment feature.
Refer to Chapter 6: Adjusting Comparables on page 49 for details.
Organizing and Deleting Comparables
You can reorder, annotate, and delete comparables in either the Comparables Worksheet or the Grid
view.
38
Working with Comparables
Chapter 4: Working with Comparables
Reordering and Deleting Comps
In the Grid
To reorder or delete a comparable, click the comparables drop-down menu for the property you want to
move:

Select First to move the comp first in the list next to the subject property.

Select Previous to move the comp one position to the left.

Select Next to move the comp one position to the right.

Select Last to move the comp to the right most column in the Grid.
 Select Delete to remove the comp from the Grid. All trailing comparables will shift left in order.
The Comps are automatically renumbered. All deletions or modifications made to the comp order are
also reflected on the Comparables Worksheet.
In the Comparables Worksheet
In the Comparables Worksheet, each comparable property listed beneath the map has a task bar with the
options you can perform on the comparable, including moving or deleting the comparable:

Select the up arrow with the line to move the comp first in the list next to the subject property.

Select the up arrow to move the comp one position up.

Select down arrow to move the comp one position down.

Select the down arrow with the line to move the comp down to the last position in the list.

Select the Delete icon to remove the comp from the Grid. All trailing comparables will shift
order in the list.
The comps are automatically renumbered. All deletions or modifications made to the comp order are
also reflected in the Grid view.
Adding Photos
AppraiserSuite allows you to add up to four photos per photo page for the subject property and one
photo for comparables. These photos will appear within the final report with the property address and
comments or details that are entered as the photo caption.
Refer to Chapter 7, Adding Photos for details.
39
AppraiserSuite User Guide
Chapter 4: Working with Comparables
Searching for Additional Comps
If you need to find more comparables, you can run another comps search and you can also manually
search for specific properties. Search options are available on the Comparables Worksheet:

Comp. Search: This option executes a search with the default comp search settings from your
user profile.

Manual Comp. Search: This option executes a property search, similar to the Subject property
search you ran to find your subject property.

Modify Default Comp Search: This allows you to change the default comps search settings in
your user profile. Refer to Configuring Your User Profile on page 8 for details on modifying your
comp search criteria.

Print All: Print the detail information for all of the comparable properties
AppraiserSuite uses the same comp search criteria for both public record and MLS comparable searches
so you can be sure that the properties returned will meet your appraisal requirements.
To Search Using the Comp Search
1.
On the Comparables Worksheet, click Comp. Search. The default Comparable Search launches and
the Comparable Search window is returned, showing property results.
40
Working with Comparables
Chapter 4: Working with Comparables
The property source (MLS vs. public record) and MLS status (Short Sale and Foreclosure) are
indicated by different color boxes (see the Legend on the map below). The subject property stands
out on the map in red.
2. If you are happy with the results, go to Step 3.
OR
If you want to modify the search to use criteria different than the default search criteria, click Modify
Search at the top of the window:
You can modify search the criteria to increase the resulting set of comparable properties by increasing
the number of comparables returned (maximum of 50), the distance from the subject property or the
date range.
NOTE: If the number of comparables setting is applied to both public record and MLS comparable
searches, it is possible to generate a total of 100 comparables in the results list.
You can also decrease the resulting set of comparables by limiting the search to one data source
(public record or MLS or Appraisal), or by shortening the distance from the subject property, the date
range, or setting minimum/maximum ranges for specific property characteristics such as price,
bedrooms, baths, listing status, land use and more. You can also set the basic sort order upon which
the comparables are displayed.
41
AppraiserSuite User Guide
Chapter 4: Working with Comparables
TIP: You can save the new settings as your comps search default. Scroll down to the bottom of the
window and click Save as Default Criteria.
When you are finished modifying your search, click Comp Search to rerun the modified search. The
Comparable Search window is returned, showing new results.
3. Select the comparables on the grid below the map:
4. Sort the comparables by clicking on the title heading in each column
NOTE: Occasionally you will see a property listed more than once. Either there is an address
discrepancy or an APN discrepancy. If a property is listed more than once, you must manually reconcile
which entry to use in the final report.
To Search Using the Manual Comp Search
If you belong to an MLS that is not enabled in AppraiserSuite, you can use the Manual Comp. Search
Option to add other comparables to the worksheet. You can manually enter or import multiple property
addresses and add them to a search list. AppraiserSuite will retrieve the public record information for
these properties.
1.
On the Comparables Worksheet, click Manual Comp Search. The Enter Manual Comparable
Property window opens.
2. Click a tab to enter the property by Address, Advanced Address search, owner search, or APN. Click
Add to List to add the property to the Search List.
42
Working with Comparables
Chapter 4: Working with Comparables
OR
On the Address tab, click Import to import properties using a TSV (tab delimited) or CSV (comma
delimited) file in Address, City, State, Zip Code format. Browse for the file and click Import. The
properties appear on the Search List.
NOTE: The first line of the imported TSV or CSV file will be ignored, as this is expected to be a header
row.
3. Click Continue. The Comparable Search window is returned, showing the selected properties on
the map (all legends are green, indicating the properties are a manual search result) and listing the
property details in the grid beneath the map.
4. Select the comparables you want to include in your final report. An MLS Data box opens.
5. Enter the Status, Data Source, Listing ID, Price, and Date into the MLS Info fields and click Add to
Worksheet.
These properties will appear on the worksheet and will be depicted on the comparables map by a
Green marker.
43
Chapter 5
Reconciling MLS and Public Record Data
AppraiserSuite pulls in public record data for your subject property and any comparable properties. If
you are a member of an MLS, you also have the ability to pull in the most recent MLS listing information
for the property. AppraiserSuite lets you easily compare any differences you find in the public record and
MLS data, and select the one you want to use in your final report.
NOTE: If you have access to the Appraisal Data Coop, you will also be able to compare the Appraisal
Data against the MLS and Public record Data.
In This Chapter
Understanding MLS and Public Record Information ......................................45
Appraisal Data…………. .....................................................................................45
To Reconcile the Data ...........................................................................................46
Why Is the MLS Column Empty? .......................................................................48
Understanding MLS and Public Record Information
If you are a member of an MLS you will have access to both CoreLogic sourced public record and MLS
data while working in AppraiserSuite. Since the available public record data is dependent on when a
county provides this information, often the MLS listing information is the most current or certain
information. This is particularly true for owner, property characteristics, and listing information.
You can reconcile MLS and public record data for each property in the grid or worksheet. When you do,
the fields that differ are highlighted and you can select the radio button indicating which data you want to
use.
When you access the Edit Subject Property Details or the Edit Comparable Property window and
you are signed into an MLS, the MLS data is pulled in and any differences between public record data
and MLS data are highlighted in blue:
You can then decide which data you would like to use in your final report by selecting the Tax Record
radio button (to the right of the field and selected by default) or the MLS radio button (to the left of the
45
AppraiserSuite User Guide
Chapter 5: Reconciling MLS and Public Record Data
MLS field). For example, for the discrepancy noted in the screen shot below, you could select the MLS
field if you would like your final report to indicate that the property address is 12356 Main Hill Rd.:
Appraisal Data
If you have obtained access to Appraisal Data, you will be able to access Public Record Data, MLS Data and
Appraisal Data.. View Chapter 2: Logging In To AppraiserSuite.
To Reconcile the Data
1.
Select Get Data on the drop down menu for the property you want to reconcile:
The Edit Comparable Property window opens, displaying public record data in the column on the
left and MLS data in the column on the right (if you don't see any information in the MLS column,
see Why Is the MLS Column Empty? on page 48):
TIP: You can sign in to an MLS or change your MLS using the “select Data Source” link at the top
of the page. If the MLS data doesn't come in when you sign into or change your MLS, click Refresh
MLS Data. Fields containing different information are highlighted in blue for quick identification.
46
Reconciling MLS and Public Record Data
Chapter 5: Reconciling MLS and Public Record Data
2. Select the MLS radio button at the top of the list to use all the MLS information or select the radio
button for any specific MLS fields you would like to use in your final report.
NOTE: The Recording Date and Sale Price must be selected from the same data source (public record
or MLS). If you change one you will receive a warning that the other field will change to the same
source.
3. If you would like to add MLS realtor comments, including Realtor Remarks, Sale Terms, Financing
Terms, and Concession fields from the MLS system, scroll down to select Other MLS Fields at the
bottom of the page. The information, and any changes you make to it, will appear in the property's
comment field on the worksheet and the comment field at the bottom of the Grid column.
4. Click Save when you are finished making your changes.
You are returned to the Grid or the worksheet, displaying the public record information in black and
the MLS information in green:
Grid
47
AppraiserSuite User Guide
Chapter 5: Reconciling MLS and Public Record Data
Worksheet
Why Is the MLS Column Empty?
There are several reasons why the MLS column might appear empty when you access the edit pages, as
shown below:
Possible Reasons

You are not a current member of an MLS. If you are not a member of an MLS, you can still use
all the functionality in AppraiserSuite using public record information.

You may not have been properly authenticated when you logged into AppraiserSuite and the
MLS you selected. Try logging back in using the Change button at the top of the AppraiserSuite
workspace.

You are no longer a member “in good standing”. If the MLS has suspended your access for any
reason, you will not be able to access the MLS directly or from within AppraiserSuite.

The property may not be listed with MLS. If the Property search failed and the MLS
information column is empty, the following message will appear in the top left hand corner
“There is no MLS data for this property”. The MLS data column will be disabled for this
property.

The APN from the public record and the MLS did not match and the Address search also fails.
The system searches the MLS with both the APN and Address. It is common to find different
APN formats between the MLS and public record data sources, but only in very rare cases would
the address search also fail.
48
Chapter 6
Adjusting Comparables
AppraiserSuite allows you to make both global and comparable level adjustments that are needed to
determine the final valuation for the property.
In This Chapter
What Are Comparable Adjustments?..................................................................49
Making Global Adjustments .................................................................................50
Making Comp Level Adjustments .......................................................................50
Setting a Comp Weight..........................................................................................51
Recalculating Market Value...................................................................................52
Understanding System Calculations ....................................................................52
What Are Comparable Adjustments?
When you view your comparables in the Grid side-by-side in AppraiserSuite, you'll consider any
adjustments that need to be made to get to your final valuations.
All appraisal adjustments should be based on your particular market. Within your area there will likely be
multiple, sub-markets, each with different values for specific features. For example, within your market
there may be a more desirable school district and houses within that school district would bring a higher
price than elsewhere in the market area. Features, like house style, may also bring a higher price in one
part of a market area versus another. Or, the presence or lack of a garage or carport, etc.
AppraiserSuite gives you the ability to view all comparable properties in the grid and apply adjustments
for all the comps - known as "global" adjustments or apply individual adjustments on specific properties.
49
AppraiserSuite User Guide
Chapter 6: Adjusting Comparables
Making Global Adjustments
Global adjustments apply to all the comparable properties you have selected. These are the most
frequently made adjustments and appear at the top of the Grid:
To Make Global Adjustments
1.
On the Grid, enter the adjustments in the Global Comparable Adjustments section at the top of
the page. The following example shows a global adjustment of $100 per square foot is being applied
to the Living Area, $100/year for Age of the comparable, and a 10% per year adjustment for Date of
Sale.
2. Click Save on the top navigation bar to save your changes and apply the adjustments:
The adjustments are automatically calculated for each comparable and the total Net Adjustment, Net
Adjusted %, Gross Adjusted %, and Adjusted Price fields are updated automatically:
3. Recalculate the Market Value using the recalculate icon in the market value box at the top of the
Grid. Refer to Recalculating Market Value on page 52 for details.
Making Comp Level Adjustments
The Value Adjustments section gives you the ability to enter comparable specific adjustments to all fields
except those that can be adjusted using Global Comparable Adjustments (i.e., Living Area, Lot Size,
Bedrooms, Bathrooms, Age, and Date of Sale).
50
Adjusting Comparables
Chapter 6: Adjusting Comparables
To Make Comp Level Adjustments
1.
On the Grid, enter the adjustments in the Value Adjustments area. In the following example a
$5,000 Location and $10,000 View adjustment has been made to Comp 1:
2. Click Save on the top navigation bar to save your changes and apply the adjustments:
The Net Adjustments area for the comp is updated:
3. Recalculate the Market Value using the recalculate icon in the market value box at the top of the
Grid. Refer to Recalculating Market Value on page 52 for details.
Setting a Comp Weight
Each comparable has a property specific value and weight assigned to it. The Market Value calculation is
the weighted average of the Adjusted Price field for all the comparables in the Grid.
NOTE. The maximum number of comparables in the Grid is 12.
*Market Value (average weighted sum of comparable adjusted price)
( (Comp1AdjPrice * Comp1Weight) +
(Comp2AdjPrice * Comp2Weight) + (Comp3AdjPrice * Comp3Weight) + (Comp4AdjPrice *
Comp4Weight)+.. + (CompNAdjPrice * CompNWeight) + / ( Comp1Weight + Comp2Weight +
Comp3Weight + Comp4Weight+… + CompNWeight)
51
AppraiserSuite User Guide
Chapter 6: Adjusting Comparables
To Set a Comp Weight
The default weight for each comp is 100%. To change this, select a different percentage from the Comp
Weight drop down list for the comparable:
Recalculating Market Value
After you have completed your adjustments, select the Recalculate button to the right of the Market
Value field at the top of the screen to recalculate the subject property's valuation.
Understanding System Calculations
Market Value
The Market Value is determined from a weighted average of the adjusted prices of the comparables.
First, the adjusted value must be calculated for each comparable. The user specified adjustments are
applied to the comparable's sale price. There are two types of adjustments, global and comp-specific. The
global adjustments are applied to every comparable and the comparable-specific adjustments are only
applied to the specified comparable.
Global Adjustment Calculation for Comparables
Living Area Adj =
(Subject Living Area - comp Living Area) * Living Area Global adjustment;
Lot Size Adj = (Subject Lot area - comp Lot area) * Lot Size Global adjustment;
Bedrooms Adj = (Subject Bedrooms - comp Bedrooms) * Bedrooms Global adjustment;
Bathrooms Adj = (Subject Parameter - comp Parameter) * Bathrooms Global adjustment;
Year Built Adj = (Subject Age - comp Age) * Year Built Global adjustment;
Adjusted Price = Sale Price + ( lot Size Adj + living Area Adj + bed Rooms Adj + bath Rooms Adj +
year Built Adj)
Comparable Specific Adjustment Calculation
The following comparable specific adjustment fields are calculated using the corresponding values in the
subject property description field and the comparable property description field.

Actual Age (Age)

Above Grade Bedrooms (Bedrooms)

Above Grade Bathroom (Bathrooms)

Gross Living Area (Living Area)
 Site area(Lot Size)
(Subject property Description - comparable property Description) * Global adjustment Parameter.
Above Grade Total = Above Grade Bedrooms + Above Grade Bathroom
52
Adjusting Comparables
Chapter 6: Adjusting Comparables
Net Adjustment for each Comparable =
(Sale and Financing + Concessions + Date of Sale/Time + Location + Ownership + HOA Mo.
Assessment 1 + HOA Mo. Assessment 2 + Common Elements / Rec Facilities + Stories + Site +
View + Design (style) + Construction Quality + Actual Age + Condition + Above Grade Bedrooms
+Above Grade Bathrooms + Above Grade Total + Gross Living Area + Basement + Finished
Rooms Below Grade + Functional Utility + Heating + Cooling +Energy Efficient Items +
Garage/Carport + Porch + Patio/Deck + Floor Location+ new 1+ new 2+ new 3+ new 4+ new 5)
Comparable Specific Adjustment =
Adjusted Price for each comparable + net Adj for each comparable
Market Value = Cumulative Specific Adjustments / Total comparable weight.
( (Comp1AdjPrice * Comp1Weight) +
(Comp2AdjPrice * Comp2Weight) + (Comp3AdjPrice * Comp3Weight) + (Comp4AdjPrice *
Comp4Weight) + (Comp5AdjPrice * Comp5Weight) + (Comp6AdjPrice * Comp6Weight) ) / (
Comp1Weight + Comp2Weight + Comp3Weight + Comp4Weight + Comp5Weight + Comp6Weight )
Including Pending Records
To count properties with a pending status as active record or settled/sold records, select your choice
from the Select Options for Pending Records drop-down list. Select Update Market Conditions or
Update & View Results at the top of the page to retain your pending records selection
.
53
Chapter 7
Adding Photos
You can add up to four photos for your subject property to display in your final report and one photo for
each comparable property. These photos appear in the final report with the property address and
comments or any other details that are entered as the photo caption.
In This Chapter
Adding Photos in the Grid ...................................................................................55
Adding Photos in the Worksheet ........................................................................57
Viewing and Moving Photos ................................................................................58
Adding Photos in the Grid
1.
You can add photos to a property's photo page using the drop-down menu for the property:
NOTE: If a photo came in from your MLS when you brought in MLS data, that picture will not appear
in the final report. Only your appraisal-specific photos that you add using the Add Photo feature will
appear in the report.
55
AppraiserSuite User Guide
2.
Chapter 7: Adding Photos
The Add/Edit photos window opens:
3. Click Add Image. The page expands with an option to browse for the image you want to upload:
4. Click Browse, find the file, and click Upload.
The picture is added to the picture page:
5. You may edit the photo page title and the description of the property. The description is located to
the right of the image.
6. If you are adding photos for your subject property, repeat steps 1-3 to add up to four pictures.
You also have the option to view and upload photos from the MLS. If you are logged into an MLS and
there are photos available, you will see a link appear at the top of the window.
56
Adding Photos
Chapter 7: Adding Photos
1. Click on the link to open the MLS Photos
2. Click the arrow to the right of the large image to scroll through the slide show
3. Check the white box to the right of the smaller images and click “add Images” to upload the photos.
NOTE: A total of 4 images can be uploaded. This can be a combination of MLS photos and your own
photos.
Adding Photos in the Worksheet
1.
On the Subject Property Worksheet or the Comparables Worksheet, click the Add Photo icon on the
property's gray task bar:
The Add/Edit photos window opens:
57
AppraiserSuite User Guide
Chapter 7: Adding Photos
2. Click Add Image. The page expands with an option to browse for the image you want to upload:
3. Click Browse, find the file, and click Upload.
The picture is added to the picture page:
4. If you are adding photos for your subject property, repeat steps 1-3 to add up to four pictures. If you
need to re-arrange or delete photos, refer to Viewing and Moving Photos for details.
You also have the option to view and upload photos from the MLS. If you are logged into an MLS and
there are photos available, you will see a link appear at the top of the window. Please refer to the previous
section Adding Photos in the Grid
Viewing and Moving Photos
Viewing Photos
There are two ways to view the photos you have added for a property:

On the Property's Photo Page: Access the property's photo page the same way you would add
a new photo - on the drop-down menu on the Grid (select Add Photos) or by clicking the Add
Photo icon on the Subject Property or Comparable Worksheet (click the icon in the property's
gray task bar).

Preview the Final Report: If you want to see the photos you've added for properties, with
headings and captions as they will appear in the final report, click Preview Report on
AppraiserSuite’s main task bar. This generates a draft report for you to review, and will include
any photos that you have selected.
58
Adding Photos
Chapter 7: Adding Photos
Moving Photos
The photos will appear in the final report in the same order that they appear on the photo pages Next to
each photo there is a set of controls that can be used to delete photos or reorder them for the final
report:

To move a picture up one spot in the list, click the up arrow.

To move a picture down one spot in the list, click the down arrow.

To delete a picture, click the Delete icon (between the two arrows).
59
AppraiserSuite User Guide
Chapter 8: Market Conditions
Chapter 8
Market Conditions
In this section of AppraiserSuite, you can obtain all the information needed for a market conditions analysis.
The fields are automatically populated using comparable property information. The report provides market
level data including comparable sale price, inventory trends, listing price trends and Days-on-Market.
In This Chapter
Understanding the Market Conditions Section…………………………….60
Condo Section …………………………………………………………62
View and Modify Criteria …………………………………………………62
View Records…………………………………………………………..….63
Understanding the Market Conditions Section
The initial information in the Market Conditions Section is based on comparable data obtained using the
default criteria below.









Data Sources: Both
Max. Number of Comps:25
Sort Comps By: Distance from Subject (ascending)
Number of Months Back:12
Distance from Subject Property:0.5
Geographic Options: No Preference
Living Area Difference: No Preference
Pool: No Preference
Land Use: Same as Subject
The comparable properties are combined and added into the appropriate sections of the report. Users
can override the fields and add in their own information. To revert back to the pre-calculated
information, click on the Refresh Form button located in the Search Criteria box. The criteria can be
modified by the user. Please view the Modify Criteria Section for more information. Users can also
view, select or unselect the records that they would like to use for the Market Conditions calculations by
going to the View Results section of the Market Conditions tab. Please read the View Records section
for more information.
60
Market Conditions
Chapter 8: Market Conditions
Below is a summary of how each section of the report is completed.
Total # of Comparable Sales
Displays all sold records that closed / settled within the given time
period.
Total # of Comparable Active
Listings
Shows properties that were Active during any point in time of the
specified time period. This includes homes that were active for at least
one day, but during the time period they may have switched to expired,
withdrawn, cancelled or sold.
Median Comparable sales price
Derived from pool of Total # of Comparable Sales. The Sales are sorted
from lowest to highest and the middle sales price is selected.
Median Comparable Sales
Days on Market
This information is obtained from the MLS board for each of the
properties in the Total # of Comparable Sales section. The Days on
Market are sorted from lowest to highest and the middle number is
selected.
Median Comparable List Price
Derived from pool of properties in Total # of Comparable Active
Listings. The properties are sorted from lowest to highest and the list
price in the middle is selected.
Median Comparable Listing
This information is obtained from the MLS board for each of the
61
AppraiserSuite User Guide
Days on Market
Median Sale Price as % of List
Price
Absorption Rate
Months of Housing Supply
Trends
Chapter 8: Market Conditions
properties in the Total # of Comparable Active Listings section. The
Days on Market are sorted from lowest to highest and the middle
number is selected.
Sale Price is sorted from lowest to highest and divided by its List Price.
The Median is selected. The median of these percentages is selected.
Determined by dividing the total number of sales by the number of
months in each time period.
Determined by dividing the total number of active listings by the
absorption rate.
The trends on the right side of each section are calculated by using the
numbers in the Current-3 Month Column and the Prior 7-12 Month
column. A +/-10% difference is applied to the trends to determine
whether it is increasing, stable or declining.
Condo Section
If the subject property is a Condominium, the Market Conditions tab will display an additional
section toward the bottom of the form. The fields in this section will also be prepopulated based on the
default criteria and calculations noted in the section above. You can also view, select or unselect the
records that you would like to use by going to the View Results section of the Market Conditions tab.
Please read the View Records section for more details.
View and Modify Criteria
To view and modify the criteria used to generate the comparable properties for the Market Conditions
tab, click on the View All Criteria link located inside the Market Conditions Search Criteria box.
A window will appear listing the search criteria that can be used for the Market Conditions Section. This
criteria will only be applied to the Market Conditions Section. View the Default Comp Search Settings
section for detailed explanations of each of the criteria items. If you decide to modify the criteria, the
View Results tab will be inactive. You will need to click on the Update & View Results button.
In addition to modifying the default criteria, you can also modify the treatment of Pending Records.
 Pending Records: Select treatment for MLS records with a pending status. Options are to count
them as active or settled/sold records
62
Market Conditions
Chapter 8: Market Conditions
OPTION
DESCRIPTION
Close
This option will close the window without making any updates to the Market Conditions
tab
Update Market
Conditions
The Market Conditions information will be updated based on the new criteria. The
Market Conditions Search criteria box will also be updated to reflect the new criteria.
Update & View Results
The records will be generated and displayed based on the new criteria.
Restore Default Criteria
Restores the Default Criteria. To review the criteria please go to the Understanding the
Market Conditions Report section.
View Records
To view the records generated for the Market Conditions tab, click on the View All Criteria link located inside
the Market Conditions Search Criteria box. A window will appear with two tabs. Click on the View Results
tab to view the map and list of records.
If the subject property is a condo property, there will be two boxes next to each record. The box under the
Property/Sel. column will be pre-checked and will be used to calculate the top section of the Market
Conditions tab. The boxes under the Condo column may have a few boxes pre-selected. The selected
properties will be used for the condo section of the Market Conditions tab.
Review all the properties and make sure that you have checked all the records you would like to include in the
Market Conditions tab. If a record needs to be included in both the top section and the condo section of the
Market Conditions tab, both the boxes for that record must be checked . To remove a record from the
calulcations for the Market Conditions tab, uncheck the box.
Once you have selected your records, click on the Update Market Conditions button to update the
calculations in the Market Conditions tab.
63
Chapter 9
Generating a Final Report
The final reports that are generated in AppraiserSuite are USPAP compliant. All of the information in
each section of the worksheet is output to a report in a PDF format. All final reports are stored in the
Archives section of the system for one year and can be a helpful resource for new appraisals.
You should also save another copy of final reports on your local system for future reference or for
auditing purposes.
In This Chapter
Previewing a Draft Report ....................................................................................65
Creating a Final Report..........................................................................................67
Previewing a Draft Report
Before you generate your final report, you can preview a draft to ensure everything appears as you would
like it to in the final version.
To Preview the Report
1.
Open the appraisal for which you are ready to create a final report.
2. On AppraiserSuite main task bar, click Preview Report.
3. A pop up will appear confirming all the sections that will be added to the report. Unselect any
sections you do not want to add to the preview.
4. Click Continue when you are done configuring the report
NOTE: If the report doesn't open, check your browser's task bar for a message about allowing pop-ups
and agree to "Temporarily allow pop-ups from this site".
65
AppraiserSuite User Guide
Chapter 9: Generating a Final Report
The report is generated, with a "Draft" watermark on the background of each page:
The draft report does not:

trigger a billable event.

include the Statement of Limiting Conditions.

include the digital signature.
5. Scroll through the report to ensure that all the information is there and appears as you expect it to,
including photos and comments.
6. When you are ready to generate your final report, click Create Final Report on the AppraiserSuite
task bar. Refer to the next section for details.
66
Generating a Final Report
Chapter 9: Generating a Final Report
Creating a Final Report
The final report is a USPAP compliant report, complete with a Statement of Limiting Conditions and
digital signature, if this feature is enabled.
To Create a Final Report
1.
Open the appraisal for which you would like to generate a final report.
2. On the AppraiserSuite main task bar, click Create Report:
3. If digital signatures are enabled, you will be prompted to upload your signature image:
Click Browse, select your signature image, and click Continue.
4. If comments are required, the Comments Required page opens, where you will indicate why you
did not select each comparable property that you rejected:
Select one of the following reasons from the Not Selected Because drop-down list for each
property:
Then, click Continue.
5. A pop up will appear confirming all the sections that will be added to the report. Unselect any
sections you do not want to add to the preview.
6. Click Continue when you are done configuring the report
67
AppraiserSuite User Guide
Chapter 9: Generating a Final Report
The final report is generated.
7. You may also save the report as a MISMO XML file for integration with other software applications.
Click the button on the top right of the PDF report to export a MISMO XML file and save it to your
desktop.
8. See the next section for details on the Sections in the Final Report.
Sections in the Final Report

General, appraiser, and subject property information.

Final appraised value of the subject property.

Global adjustments, details of the comparable properties, and any comparable level adjustments
applied in the Grid view.

The worksheet map, showing the comparable properties color coded by property and search
type. This map is identical to the one shown on the Comparables worksheet, set to the zoom
level, view, and legend status set when you ran the final report.

Photo pages for each property. Photos are added in the order in which they were saved on the
photo page for the property. The photo description for each photo is displayed as the photo
caption.

The Market Conditions Report section

The Statement of Limiting Conditions and a digital signature, if your system is configured for
digital signatures.
68
Chapter 10
Managing Work Files
AppraiserSuite stores a copy of final reports for one year and they are available to you in the Archive.
Appraisals that are in progress are also saved on the In Progress list.
TIP: You should also save a copy of your final reports on your system for auditing purposes.
In This Chapter
Viewing Final Reports in the Archive .................................................................69
Viewing Work in Progress ....................................................................................70
Deleting an Appraisal.............................................................................................71
Viewing Final Reports in the Archive
The Archive provides all the final reports you have generated the past year. You can view the report,
modify it to generate a new version, open an XML version for integrating with other applications, or view
any documents that are available for the subject property.
To View Reports in the Archive
1.
On the task bar, click Archive:
69
AppraiserSuite User Guide
Chapter 10: Managing Work Files
The Find Archived Appraisals page opens:
2. Enter your search criteria. If you are looking for a recent report, enter a date in the From: and To:
fields.
3. Click Search.
The list of archived reports is returned. Find your report, and click an option in the Actions column:

View: Click to open the final report for viewing.

Modify: Click to open the final report in edit mode to make changes and create a new report. The
original file will also remain in the archive.

View XML: Click to view and save an XML version of the report, for integration with other
software applications.

DOC Images: Click to view any documents associated with the subject property, like property
deeds, etc. Documents are saved with the property for 180 days.
Viewing Work in Progress
Appraisals you have in progress and for which you have not yet run a final report are available on the
Work in Progress page. Appraisals are listed newest to oldest on the page.
To View Appraisals in Progress
1.
On the main task bar, click In Progress:
70
Managing Work Files
Chapter 10: Managing Work Files
The Work In Progress page opens:
2. Click the address of the appraisal that you would like to open.
The appraisal opens, and you can review the appraisal.
Deleting an Appraisal
You can delete an appraisal that is in progress and it will be permanently removed from the system. You
cannot delete a generated final report (they are automatically stored in the system for one year).
To Delete an Appraisal
1.
On the main task bar, click In Progress:
The Work In Progress page opens. Each work in progress has a delete icon in the far right column:
2. Click the delete icon for the appraisal you would like to delete.
3. Click OK to confirm that you want to delete the appraisal.
71
Chapter 11
Working in the Quality Assurance Workspace
AppraiserSuite helps AMCs improve the quality of their appraisal review or quality control processes by
providing Quality Assurance (QA) users with immediate access to pertinent information regarding the
subject property value, property details, comparables, and more. The Quality Assurance Workspace
provides identical functionality to the Appraiser Workspace and can be used when integrated with the
AMCs order management and quality control systems or as a standalone quality support tool.
In This Chapter
What Can a Quality Assurance User Do? ..........................................................73
Searching Final Report Archives..........................................................................73
Searching In Progress Appraisals .........................................................................74
What Can a Quality Assurance User Do?
As a Quality Assurance user in AppraiserSuite, you can streamline the research and resolution process for
a particular appraisal. AppraiserSuite provides all the information you need to verify the subject property
value and characteristics, identify the best comparables, and even "walk the block" using aerial and
satellite map options.
AppraiserSuite stores a copy of the appraisers' final reports as well as any appraisals in progress that have
been saved in the system. The final reports can be retrieved from the Archive section. The worksheets
can be retrieved from the Work in Progress section.
Searching Final Report Archives
Final reports that all appraisers have generated within the last year are stored in the Archive. You can
search the archive and locate reports to review.
To Find Final Reports
1.
Login to AppraiserSuite.
2. On the main task bar, click Archive:
73
AppraiserSuite User Guide
Chapter 11: Working in the Quality Assurance Workspace
The Find Archived Appraisals page opens:
3. There are many ways that you can quickly access the final reports you are looking to review.
AppraiserSuite provides search options by Requester, by Lender, by Appraiser Name, by Order
number, by Report ID, by Address, by Date Range, by City, by State or by Zip Code.
4. Click Search.
5. Final reports matching your search criteria appear on the results page:
6. Take the following actions on any final report by clicking one of the following options in the Actions
column:

View: Click on

Modify: Click on
to open the final report in edit mode to make changes and create a new
report. The appraiser's original file will also remain in the archive.

View XML: Click on
software applications.

DOC Images: Click on
to view any documents associated with the subject property, like
property deeds, etc. Documents are saved with the property for 180 days.
to open the final report for viewing.
to view and save an XML version of the report, for integration with other
Searching In Progress Appraisals
You can search for and view appraisals that are currently in progress.
74
Working in the Quality Assurance Workspace
Chapter 11: Working in the Quality Assurance Workspace
To Search for In Progress Appraisals
1.
Login to AppraiserSuite.
2. On the main task bar, click In Progress:
The Work In Progress page opens, with a search on the top of the page. There are many ways that
you can quickly access appraiser worksheets that you would like to review. APPRAISERSUITE
provides search options by Requester, by Lender, by Appraiser Name, or by Order number. Enter
your search criteria and click Search.
The results appear in the list below the search box:
3. Click the address of the property you would like to review.
The appraisal opens.
4. Review the appraisal.
IMPORTANT NOTE: Modifying the appraiser's worksheet will overwrite the appraiser's original
worksheet and should only be done in cases where you are wanted to work interactively with the
appraiser on a particular file. Refer to Working on the Comparables Worksheet on page 32 for information.
You also have the ability to delete the appraisal. Use this feature with caution as it will also remove the
appraisal from the system of the appraiser who created it.
75
Was this manual useful for you? yes no
Thank you for your participation!

* Your assessment is very important for improving the work of artificial intelligence, which forms the content of this project

Download PDF

advertising