Appraisal Report LifeCycle

From the moment you identify a property, while still gathering docs, you can enter the address at Pocket Appraisal to reserve an appraiser for your file (regardless of the lender) with a guaranteed appraisal fee, find an accurate property value, prep your borrower for the process, and more.

Pocket Appraisal will provide a guaranteed fee and turn time within about an hour of your request.

Now you can finally disclose accurate appraisal fees, and never worry about those fees increasing down the road! Also, by reserving an appraiser, we can now hit the ground running after intent to proceed has completed - FASTER REPORT DELIVERY!

Kairos is integrated with every major platform. Appraisal Orders can be placed via Appraisal Scope, ValueLink, Mercury, Reggora, Closing Corp, Sonar, etc...

We use geocoding technology to confirm property details, and ensure that you have selected the correct appraisal forms for your loan.

Our team manually reviews all uploaded docs to confirm that the appraiser has everything they need to complete the assignment.

If documents are missing (title, purchase contract, home owners association, etc) then our team will alert you.

Our system immediately starts selecting potential appraisers for every assignment.

We consider things like the appraiser's recent turn times, fees, experience with similar properties, percentage of allocation per client (Loan Officer, Lender, and AMC), and more.

Our team will reach out to the selected appraisers individually (in compliance with State regulations), and negotiate terms for each assignment.

We then offer the job to the best available appraiser.

Once the appraiser has accepted the job, we can get started!

There is a lot of work to do now, including preparing the property Point of Contact for the appraisal inspection, organizing and preparing the appraiser's required docs, registering the assignment with the State, managing local AIR and USPAP requirements, and more...

If you haven't used Pocket Appraisal's Pre-Appraisal Process, then time is of the essence.

Now we need to push to schedule the inspection right away. Hopefully your borrower's house is ready.

Our scheduling tool will alert you when the inspection has been scheduled.

The appraiser will need access to the entire property, every ADU, every room, and potentially the attic and crawl space.

Please be sure that your borrower is prepared for this inspection based on their loan type (FHA loans require much more attention to detail).

If you took advantage of Pocket Appraisal's Pre-Appraisal process, then this has already been taken care of.

After the inspection, the appraiser will start writing the report. With support from our team, this report should be completed within two to five days (depending on complexity).

The appraiser will confirm all documents (including title, purchase agreements, permitting, etc), select comps, adjust value based on comparable features, and add commentary to support their value.

The appraiser will upload their report for our team to review.

Each report is automatically reviewed by ai to confirm that all details are in order.

Our team will then review the ai feedback to determine which items truly need adjustments. We will also look for discrepancies in the report, and double check that all commentary is accurate and understandable.

Now that the report has been completed to USPAP and FannieMae standards, we need to ensure that the Lender Overlays are accounted for as well.

Our team will alert the appraiser of any required revisions.

Once the appraiser has revised the report, we can now upload it to the UCDP.

The report is ready for upload to the UCDP. It will also be delivered to the Loan Officer, Underwriter, Realtor, and Borrower (based on client preferences).

Team Kairos is now on standby to help the underwriting department in any that we can. The faster we can address underwriting needs, the faster the loan can be funded.

This is just another part of what makes Kairos so unique - we care about helping you close your loan!