Valuation & Appraisal Policy – Homebridge HELOC

Loan Amounts up to $400,000

For all loans between $10,000 and $400,000, NFTYDoor utilizes automated valuation models (AVMs) in the following order of preference:

Primary AVM – Clear Capital (AVM2):
1. FSD (Forecast Standard Deviation) must be 20 or less
2. If AVM2 meets these criteria, the valuation is considered successful.
3. If AVM2 fails, proceed to Step 2.
Secondary AVM – Collateral Analytics (AVM1):
1. FSD must be 20 or less
2. If AVM1 meets these criteria, the valuation is considered successful.
3. If both AVM1 and AVM2 fail, proceed to Step 3.
Manual Valuation Review:
1. A NFTYDoor Collateral Analyst will complete a manual AVM review to determine an appropriate property valuation.

Loan Amounts Over $400,000 up to $500,000

These loans follow the same process as outlined above. If the process above fails, an option for a transferred appraisal may be possible. The transferred appraisal, if not originally ordered through NFTY, but was for a prior transaction, may be accepted if all of the following conditions are met:

The appraisal is dated within 120 days of closing.
The appraisal is certified to/in the name of a lender (not a broker or borrower).
There is proof of AIR-compliant ordering and completion practices.
The appraisal passes Quality Control review by the Corporate Appraisal Review Team.

Loan Amounts Above $500,000

A full appraisal is required for all loans exceeding $500,000.
- 1004(Single family), 1025(multi-family), 1073(Condo)
The appraisal must be ordered by NFTYDoor through our approved AMC (Appraisal Management Company).
Transferred appraisals or any external collateral valuations will not be accepted.

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