Quality and Valuation Products (QVP) Release Notes


November 30, 2017 Update

This update contains enhancements in Mercury Network's Quality and Valuation Products.

RealView

  • To help you focus on active disaster declarations, FEMA disaster declarations with a closeout date as of the appraisal date will no longer be shown.
  • An extra layer of authentication was added to the Checklist Admin page to provide additional security for account admins.

New rules

The following AQM rules are now available in RealView:

Project Info

  • Appraiser has not described condition of project and common elements.
  • Appraiser did not complete project improvements Subject Phase information.
  • Appraiser did not complete project improvements section for all of one of the two sections: Project complete or Project incomplete.

Appraiser Certification

  • A supervisor appraiser signed the report, but did not indicate they inspected the interior of the property.

Neighborhood

  • The report does not contain the required 2 comparables within a .5 mile if location is urban, 1 mile if location is suburban or within 5 miles if property is rural.

Sales Comparison Approach

  • Appraiser failed to bracket the subject location and has a variance of more than 5%.

Subject

  • This is a purchase. Check the final contract/addendums verifying that the contract date and final sales price match the appraisal.

Doc Details

  • November 30, 2017 Update
  • Document 11031
  • Updated: 11/30/2017

The Big Picture

This document details the changes for Quality and Valuation Products (QVP), released 11/30/2017.

Click here to view info on all QVP updates.