SERVICES

We offer our clients a full suite of products to facilitate their mortgage process to provide a “One-Stop” shopping approach for real estate services that enables our clients to make sound loan decisions.

  • Residential Appraisals & Evaluations
  • Residential & Commercial Search Products
  • Commercial Appraisals & Evaluations
  • Customized Evaluations
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  • Review Appraisals
  • Flood Services & 4506’s

Residential Appraisals

  • All FHA Form AppraisalsAny form appraisal adhering to the guidelines of the Federal Housing Administration (FHA) and used specifically for FHA loan requirements.

  • FNMA 1004 Single FamilyThe subject’s physical inspection, market research, and report completed by a licensed appraiser.

  • FNMA Multi FamilyThis form is to be used with properties consisting of 2-4 units, the subject’s physical inspection, market research, and report completed by a licensed appraiser. This form would also include necessary rental data such as the 1007 Rent Schedule and 216 Operating Income Statement.

  • All Exterior Drive By’sLimited condition form appraisals using an exterior inspection from the street only combines with MLS and public records data.

  • FNMA Condo FormThe subject’s physical inspection, market research, and report completed by a single licensed appraiser. This form includes information specific to the subject’s condo associate, fee, budget, and amenities.

  • DESKTOP Appraisals (1004/70)A report completed by a licensed appraiser WITHOUT a physical inspection. The appraiser relies on secondary data sources such as MLS, data aggregators, public records, online sources, or any other reliable sources.

  • HYBRID Appraisals (100/70)Otherwise known as a “bifurcated” or an “enhanced desktop” appraisal is a two-part report. Inspection through a third party is allowed. Photos and a digital floor plan are collected and sent to a licensed appraiser. The appraiser then takes that data and completes the market research and report. The appraiser DOES NOT always complete the physical inspection themselves.

  • REO Appraisals

  • Property Assessment Report (PAR)An Internal Evaluation that provides an Equalization Value based on the subject’s current tax assessment and town/county equalization rate. This product also provides a list of open mortgages to verify lien positions. Standard use is for Portfolio reviews and renewals.

  • PDR/Value Acceptance+Property Data Report / Value Acceptance + is a limited condition form with the inspection being completed by a trained vendor who is NOT always an appraiser. PDR includes photos and a digital floor plan completed by the vendor. Digital market information is sent to the lender directly for the subject. This form requires an appraiser waiver by the lender, and it is solely the Lender’s decision to utilize the report in lieu of a traditional appraisal.

  • Tax Equalization Report (TER)A limited Exterior Evaluation that provides an Equalization Value, as well as characteristics of the subject property and neighborhood influences. Three (3) photos of the subject property are also included. Standard use is for Portfolio reviews, renewals, and some new originations.

  • Property Plus Report (PPR)A limited Exterior Evaluation that provides a property condition report, as well as characteristics of the subject property and neighborhood influences. The exterior field inspection and reporting on property, as well as three (3) photos of the subject property are also included. Standard use is for Portfolio reviews, renewals, and some new originations. This is often paired with our AVM services.

  • Customized Exterior, Interior and Desktop Evaluations

Commercial Appraisals

Universal has experienced exponential growth in our Commercial Appraisals with a dedicated staff of experienced appraisers specializing in all types of commercial, industrial, multi-family and special purpose properties. Universal can handle all your Commercial Appraisal needs in a timely manner and at an affordable price.

Review Appraisals

  • Residential Field and Desk Review Appraisals
  • Commercial Field and Desk Review Appraisals

We use an experienced panel appraiser familiar with the local market to complete each review appraisal; thereby, ensuring geographic competency. Each product is designed to provide the Lender/Client with a licensed appraiser’s opinion on the accuracy of the appraisal report under review.

Automated Instant Evaluations (AVMs)

Universal Real Estate maintains integrations with the leading Automated Valuation Model (AVMs) providers in the industry. These products provide lenders and servicers instant valuations based on market data and innovative analytics.

Property Search Products

  • Mortgage Search

  • Mortgage Recording

  • Tax Return Verifications (TRV)This is a thumbs up or thumbs down approach of verifying that the property taxes have been paid on the property.

  • UCC FilingsA review of all Uniform Commercial Code (UCC) filings which allow creditors to notify other creditors about a debtor’s assets used as collateral for a secured transaction.

  • Certificates of Good Standing

  • Property SearchReviews public records on the property to confirm the property’s rightful legal owner in addition to any claim or liens on the property that could affect the loan.

  • Current Owner SearchA search to establish the details of the present title holder of the subject property and the latest deed with consideration.

  • Tax Status Report (TSR)Provides a breakdown of taxes for the subject property, whether current or delinquent. Standard use is for Portfolio Review

  • Superior Court SearchConsists of a certified search of judgements, liens, and bankruptcies filed in the N.J. Superior Court and bankruptcies filed with Federal District Court.

  • Corporate Franchise Tax SearchA search to find out if a tax has been paid by business for the right to conduct business.

  • Bringdown SearchA search bridging the gap between the date the original search was performed and the date of the closing.

  • Tax Portfolio ReviewA search to show any property tax delinquencies and prior year total annual tax amount.

  • VOEVerification of Employment

  • Article of Incorporation

  • All known Commercial Searches

Flood Services

  • Life-of-Loan Certification
  • Census Tract Information / HMDA