Fannie's Collateral Underwriter stops at GSE-conforming residential. Valara reviews the commercial, jumbo, and non-GSE narrative reports it never touches: multifamily, office, retail, industrial, hospitality, and land.
Commercial appraisals are narrative, not gridded. Valara grades the reasoning behind the value, the questions a distance rule can never answer.
Cap rate support, NOI and expense reasonableness, and DCF coherence, tested against the market the appraiser cited, not a generic benchmark.
Comparable selection and the written justification for adjustments, distance, and bracketing.
Where developed: land value support, depreciation reasoning, and reconciliation with the other approaches.
Scope of work, highest and best use, extraordinary assumptions, and jurisdictional exceptions.
Whether the value conclusion is actually supported by the analysis, and where the report contradicts itself.
Missing fields, conflicting values, and math errors carried across the report.
Click through a real file: quality and confidence scores, an escalation recommendation, and every finding traced to the exact page it came from.
Run a sample, or upload your own narrative report.
$250 value, no credit card required.