AI Reports™ AI-100.01 Summary Appraisal Report

Form

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Why AI Reports™ ?

Fannie /Freddie Forms are specifically for a mortgage lending transaction.

Prior versions of Fannie/Freddie Forms are also mortgage-specific but were used anyway.

Altered versions of lending forms are awkward at best, misleading at worst.

Only previous option was a narrative … resulting in inconsistent reporting quality.

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Highlights of the AI Reports™

Highlights of the new report form include:– Single Page Sales Comparison, Cost and Income

analyses– Refined and customizable Limiting Conditions– Clear identification of the appraisal company in

addition to the specific appraiser(s)– E-mail and Web addresses for appraiser and firm

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Highlights of the AI Reports™

Highlights of the new report form include:– Letter Size Format for a more professional

look– Emphasis and clarity of the Scope of Work– Focus on additional data fields relevant to

an assignment– Additional comparative data for

neighborhood, market and improvements

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AI 100.01 – The first of a suite of reports

AI Reports™ AI-100.01 Summary Appraisal Report Form

Assist Residential Appraisers in identifying new appraisal opportunities in:– Replacement cost for insurance purposes– Establish list price for potential sellers– Probate, estate and financial planning– Litigation, property settlement, property division– REO properties– Partial interests

Offered to all major residential appraisal software vendors

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Strengths of the AI Reports™ design

More space for narrative descriptions and explanations

Less “interruption” in flow since reader will not have to leaf through unnecessary text pages

Allows more detailed reporting by the appraiser

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AI Reports™ Summary Appraisal Report Residential

Page 1 of the report puts all vital information in front ofthe user on a single page.

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AI Reports™ Summary Appraisal Report Residential

Question and Answer

aireports@appraisalinstitute.org