Property Evaluations

Lenders today sometimes find themselves challenged to find property evaluations that comply with Interagency Guidelines for Evaluation content, meet internal underwriting standards, and provide the insight needed to make confident lending decisions.

Technology-driven products alone are not always enough to get the job done right. Sometimes, regulations require a quick evaluation by a real estate professional to verify the property’s condition. Other than purchasing a standard appraisal, what can you do?

Insightful Hybrid Appraisal Alternatives

First American offers the Property Assessment Collateral Evaluation (PACE) valuation alternative that combines an opinion of value by a field expert with supplemental market information, and reconciliation of value by a certified/licensed appraiser.

  • Provides supportable market value with turn times up to five days faster (or more in some instances) than a standard appraisal.
  • Robust supplemental data and commentary from a certified/licensed appraiser provides you with added confidence in the property condition and reconciled value.

Pick the PACE that Meets Your Needs

With our PACE, PACE Pro and PACE Elite offerings, we can customize our report to the scope of the assignment to meet the needs of your business objectives.


  • Combines an exterior property inspection and valuation to produce a complete report
  • Used for Home Equity Lines of Credit (HELOC), and loans under $250,000


  • Complete dataset is provided to a local licensed or certified appraiser
  • Used for HELOC, loans under $250,000

PACE Elite

  • Complete dataset is provided to a local licensed or certified appraiser
  • Appraiser performs an exterior inspection and completes the reconciliation along with providing a final value
  • Great for HELOC, loans under $250,000

Built with Clients in Mind

Credit unions and lenders (consumer, residential and equity) looking for a compliant evaluation that’s more than a technology only driven valuation, yet not a full standard appraisal.

The risk assessment officer who needs to make a lending decision for lower value loans (less than $250,000).

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