Appraisal FirewallX, in partnership with Black Knight, offers lenders the ability to place, track, and obtain Property Condition Reports (PCRs) within a single platform. This evaluation tool can be easily ordered when a traditional appraisal report is waived, while still verifying the subject property's value and condition. Most PCRs are delivered within 3-5 business days. If an appraisal report is deemed necessary, lenders can order the report directly from the existing PCR, via Order Appraisal.
Additionally, Appraisal FirewallX's PCR product offering works in tandem with our Automated Valuation Model (AVMs), ensuring lenders get property valuation results fast. For additional information on how to order AVMs, refer to our Automated Valuation Model (AVMs) guide HERE.
Content Includes:
Enable PCRs at the Division Level
Prior to placing a PCR request, you must enable the product from the Billing/Services section via Edit Settings within the division.
Enable the box and Save.
Placing a PCR Order
Once the product has been activated, users will see a Valuation option from the New Order slide out navigation bar.
Choose Valuation to be directed to the New Order form. Users must fulfill all required fields as marked by an asterisk(*). Within the Order section, under Valuation Type, users should choose PCR - Property Condition Report.
Once a green checkmark has been supplied in each section (Loan, Property, and Order), the Order button at the bottom of the screen will be enabled. Select Order to place the PCR request.
PCRs typically take 3-5 business days to return and when the report has been provided by the vendor, users will be notified. The output will be accessible via the Communications Log or the Documents tab within the order.