Generally Accepted Appraisal Rules® (GAAR®)
Automated appraisal review for risk mitigation
Revolutionize your property valuation and review
Unlock the full potential of your property investments with GAAR technology found in our CMS® platform. Our automated appraisal review for regulatory compliance and risk delivers quick, consistent reviews, detecting potential appraisal frauds and errors. GAAR scans appraisal forms, flags inconsistencies, and produces instant reports, allowing you to address issues swiftly and confidently. The GAAR Viewer highlights rule violations and related fields, enabling compliance with Fannie Mae, Freddie Mac, USPAP, FHA, VA, and more. Save time and money by managing only flagged exceptions. Invest smarter with GAAR - your gateway to secure and informed property management.
Automated risk mitigation
Instantly identify regulatory compliance and risk issues, saving time and enabling thorough appraisal reviews.
Enhanced appraisal analysis
Screen appraisals for compliance with Fannie Mae, Freddie Mac, USPAP, and more, enabling industry standards to be met.
Fraud detection
Utilize real market data to verify appraisal information, comparables, and neighborhood trends, reducing fraud risk.
Automated risk mitigation
Instantly identify regulatory compliance and risk issues, saving time and enabling thorough appraisal reviews.
Enhanced appraisal analysis
Screen appraisals for compliance with Fannie Mae, Freddie Mac, USPAP, and more, enabling industry standards to be met.
Fraud detection
Utilize real market data to verify appraisal information, comparables, and neighborhood trends, reducing fraud risk.
Efficient exception management
Flag only potential violations, allowing appraisers and underwriters to focus on crucial exceptions, boosting productivity.
Streamline appraisal analysis
GAAR® technology helps you automate and enhance appraisal review for regulatory compliance and risk mitigation. Instant reports highlight inconsistencies and potential fraud, enabling faster and more accurate loan processing.
Instant red flag reporting
With GAAR Viewer, users receive immediate reports highlighting rule violations and relevant fields in red. This visual tool allows for quick identification and resolution of appraisal issues, enhancing efficiency and mitigating risk pre-funding.
Comprehensive regulatory compliance screening
GAAR Compliance Series rigorously screens appraisals against industry standards, including Fannie Mae, Freddie Mac, USPAP, FHA, and VA. This thorough evaluation is designed to satisfy regulatory requirements, fostering trust and assurance in the appraisal process.
Advanced fraud mitigation
GAAR's external rules component uses real market and property data to detect potential fraud and validate appraisal information. By analyzing price trends and market conditions, GAAR proactively identifies overvalued properties and risky lending situations.
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Instant red flag reporting
With GAAR Viewer, users receive immediate reports highlighting rule violations and relevant fields in red. This visual tool allows for quick identification and resolution of appraisal issues, enhancing efficiency and mitigating risk pre-funding.
Comprehensive regulatory compliance screening
GAAR Compliance Series rigorously screens appraisals against industry standards, including Fannie Mae, Freddie Mac, USPAP, FHA, and VA. This thorough evaluation is designed to satisfy regulatory requirements, fostering trust and assurance in the appraisal process.
Advanced fraud mitigation
GAAR's external rules component uses real market and property data to detect potential fraud and validate appraisal information. By analyzing price trends and market conditions, GAAR proactively identifies overvalued properties and risky lending situations.
FAQ
How does GAAR Technology help with appraisal reviews?
GAAR scans the fields on the appraisal form, alerts the reviewer or underwriter to inconsistencies and contradictory information, and produces an instant report of “red flags.” This allows for potential issues to be investigated and addressed pre-funding.
What is GAAR Viewer?
GAAR Viewer is a feature that provides users with an on-screen view of the appraisal report, highlighting any rule firings and related fields in red. It includes rule reference numbers and descriptions of potential violations.
What series of rules does GAAR Technology include?
GAAR Technology includes two main rule series: the Compliance Rule Series screens appraisals for compliance with regulations such as Fannie Mae, Freddie Mac, USPAP, FHA, VA, and more; the Risk Rule Series goes beyond regulatory compliance to identify potential fraud and risky lending situations.
How does GAAR minimize human touch points?
FNC’s® Collateral Management System® and GAAR minimize human touch points by allowing only exceptions to be handled by appraisers and underwriters. Reports are only managed when flagged for potential violations, saving time and money.
How does GAAR mitigate fraud?
GAAR includes an external rules component that applies real market and property information to verify appraisal data, validate comparables, and provide additional market information. This helps identify declining property values and decrease appraisal fraud.
How often are GAAR rules updated?
The rules in GAAR Technology are continually monitored and updated based on reviews by clients and FNC subject matter experts, as well as the testing of thousands of appraisal reports.
