Products and Services
Appraisalaudit.com's core product is a Retrospective Field Review Appraisal. Our reviewers perform the following:
- Drive by and photograph the subject property and original comparables.
- Confirm, when reasonably possible, the sales information on the subject and original comparables.
- Test the statements in the original appraisal against the Multiple Listing Service, tax records, real estate records, and other sources.
- Critically analyze the original appraisal.
- Obtain at least two additional comparable sales.
- Conclude the value estimate in the original appraisal was reasonable or provide a revised value along with justification thereof.
We also provide the following:
- Retrospective Appraisals (which establish property value as of a specific date in the past)
- Desk Reviews
- Custom Value Analysis of one or a number of properties or a market
Welcome to AppraisalAudit.com.
AppraisalAudit.com is a service of NIA Consulting, Ltd.. NIA Consulting is the nation's most respected consulting firm specializing in forensic financial risk analysis. Since 1982, we have audited thousands of financial transactions, identifying potentially fraudulent activities. Currently, we represent some of the leading financial institutions in the country.
In the course of reviewing thousands of financial transactions, we have identified a number of transactions in which property value were potentially overstated. An overstated property value is particularly insidious in a mortgage loan transaction. Not only does the overstatement entice the lender into a transaction it might not otherwise close, but it also strips the lender of a substantial portion of the security the lender relies on in the event the borrower is unwilling or unable to pay the mortgage payments as agreed.
Identifying a property value issue is fairly routine. Providing evidence of overstatement sufficient for a financial institution to make an informed business decision about what to do with the property and who might be responsible for the overstatement is problematic. Our clients became frustrated with the difficulty and expense of gathering evidence of property value misrepresentations. In response, we formed AppraisalAudit.com.
Through AppraisalAudit.com, we assembled a panel of some of the best and most experienced review appraisers in the country. AppraisalAudit.com professionals understand our clients seek consistently excellent work product. They understand that AppraisalAudit.com review appraisals are not “rubber stamps” of the original appraisal but, rather, are complete, competent, and critical value analyses performed in a timely manner at a fair price.
