Information To Provide With Your Request
The following information is required from requesters at the time of submission of order to facilitate a timely, credible evaluation or validation report:
- An accurate address, i.e., street #, street name, city, county, state, zip code, etcetera; two possible sources to confirm the subject's address are Google Maps and US Postal Service Look-up for all requests.
- A copy(ies) of a current tax card(s) for all requests.
- If an interior inspection is requested, an inspection point-of-contact who is available for contact within 1 banking-day of your placing the order and who is able to provide access within 3 banking-days of your placing the order; inspection POC's email and phone number(s) are sought.
- If a validation is requested, a copy of the most recent, prior appraisal or evaluation report; this item is desirable for all requests, but it is only a requirement of a validation request.
- If the request is an evaluation or validation that includes the income analysis, a financial point-of-contact who is able to provide knowledge regarding the history of the subject property with 2 banking-days of your placing the order; financial POC's email and phone number(s) are sought.
- If the request is an evaluation or validation that includes the income analysis, current rental income and operating expense data, e.g. detailed rent-roll along with Schedule Es or P&Ls that encompass the number of prior years you deem adequate for analysis {typically 2-years), for our review prior to talking with the financial POC.
- If a legal description is desired in the report then submit it with the request; if it is a new loan with legal description then make a comment to that effect in the request submission; note, a legal description is not required for an evaluation or validation.
- If subject property is a purchase then provide a copy of the entire contract or an abstract that summarizes the key elements of the purchase agreement; if the purchase agreement is not made available to WFX then state in the request the reason it is not provided.
Please be aware that the information, as cited above, is typically required to complete a compliant report, so the lack of its submission with a request to WFX will possibly delay the delivery of the report beyond our control and the initially agreed upon delivery date.
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