EvolvE VCS

New Appraisal Threshold for Evaluations

New Appraisal Threshold for Evaluations

evolve-key-2Recent changes now allow RE Evaluations up to $400,000 for 1-4 family dwellings!

The appraisal threshold to allow for evaluations of 1-4 family dwellings has been increased to $400,000. That means many of your current transactions can now be streamlined with an Evaluation instead of a lengthy and more costly Appraisal.

Your institution can also charge a fee for the evaluation report, making it a good source of non-interest fee income.

EvolveVCS and the EvolveVCS Online Evaluation software is your instant tool for writing evaluations for your institution on these transactions, including “subject to” transactions for proposed units or units under construction.

This online tool can be used ANYWHERE and provides an easy-to-follow template with the necessary fields to create an approved Evaluation.

Attach photos, supporting PDF documents, and create a final report you can PDF – all with our easy to learn, web based software.

All data is maintained on a dedicated server, located in a secure data center that exceeds all SSAE 18 standards and is annually reviewed for SOC-3, SOC-2, SOC-1, HIPAA, PCI, and DSS compliance.
Contact us today to learn more and start writing Evaluations tomorrow!

Call Eric Collinsworth at 615-417-9942 or email info@evolvevcs.com or use the contact form below:

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