National Valuation Service®, Inc.

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Nationwide Appraisal Service Cooperative Overview
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National Valuation Service is a nationwide appraisal service company, Appraiser

Co-operative and organizational Member of the NCBA (National Co-operative Business Assn.) We
offer reliable solutions to satisfy the Home Valuation Code of Conduct (HVCC). Our organization
solves the problems the mortgage banking industry faces regarding direct communication
between Loan Production Staff and Appraisers. It is our mission and commitment to offer Clients
the highest quality USPAP compliant appraisal reports while maintaining (HVCC) compliance. We
are also committed to helping Independent Appraisers maximize profits. Our team of
professionals will maintain an open door policy and proactively manage relationships with Fannie
Mae, Freddie Mac and the Independent Valuation Protection Institute (IVPI) in order to insure the
highest level of compliance.

National Valuation Service is your one stop solution to streamline the appraisal process;

• Our platform centralizes all the tools necessary for Lenders and Appraisers to efficiently
manage the appraisal process through one web-based interface.

• Comply with federal regulations and guidelines and USPAP

• We solve the appraisal management process frustrations caused by excessive

inefficiencies and excessive costs associated with meeting compliance, fraud and
valuation requirements.

• Research – Allregs.com; ASC; Public Tax Records; Freddiemac.com; Fanniemae.com

Our secure web-based management system allows clients to order, track, and receive appraisals
online, 24 hours a day, 7 days a week.

National Valuation Service, Inc. P.O. Box 690413, Vero Beach, Fl. 32969
Website: http://www.nvs.coop/ Email: info@nvs.coop
Phone: (786) 581-9171, (772) 978-0954; Fax: (202) 446-0885

National Valuation Service, Inc. P.O. Box 69043, Vero Beach, Fl 32969 (772) 978.0954 / (786) 581.9171 www.nvs.coop
National Valuation Service®, Inc.
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Nationwide Appraisal Service Cooperative Client
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Order, Track, and Receive Appraisals Online

National Valuation Service offers a secure, easy to use web based system. As a client, you
can request appraisals, monitor their progress, and download completed reports anytime,
through your personalized client portal. Our online system supports direct Fannie Mae File format
import providing a mechanism for direct submission of orders thus eliminating redundant
processes.

In addition to our national database of thousands of licensed and certified Appraisers, Client
provided appraiser lists are audited regularly to ensure compliance with FHCMC/FNMA, FIRREA,
FHA and federal regulatory guidelines. Verification of licensing, insurance and / or qualifications is
performed on all appraisers. Appraisals are assigned utilizing criteria outlined by the client. For
example, license designation, skill level, area of expertise, coverage area, past performance, TAT
and quality rating. Appraiser performance and work product is continually reviewed. We do not
broadcast appraisal orders. We assign directly to the appraiser who completes the assignment
and is accountable.

Status updates are uploaded by Appraisers and forwarded so the client is informed and potential
problems and delays are minimized. The client will be notified via e-mail immediately of any changes
and updates from the Appraiser at the time of change or updates. The Appraiser will be notified via e-
mail immediately of any changes made by the client. Through their personalized portal, clients and
Appraisers are able to view all requested orders and their status at any point in time. Once
completed, appraisals are uploaded by means of the online portal and delivered to the client.
Optionally, the client may select to run the report through our automated review process. The
automated review process evaluates PDF reports based on an industry standard rule set, appraisal
guidelines, and client specific underwriting guidelines.

National Valuation Service, Inc. P.O. Box 69043, Vero Beach, Fl 32969 (772) 978.0954 / (786) 581.9171 www.nvs.coop
National Valuation Service®, Inc.
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Nationwide Appraisal Service Cooperative SAS 70
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National Valuation Service web based IT system, inclusive of its SAS-70 security (Standards
of Accounting) features have been integrated into banking systems for the past 10 years and is a
truly comprehensive solution that enables lenders to guarantee compliance with current and
future regulation.

Statement on Auditing Standards (SAS) No. 70, is widely recognized auditing standard developed
by the American Institute of Certified Public Accountants (AICPA). A service auditor's
examination performed in accordance with SAS No. 70 ("SAS 70 Audit") is widely recognized,
because it represents that a service organization has been through an in-depth audit of their
control objectives and control activities, which often include controls over information technology
and related processes. In today's global economy, service organizations or service providers
must demonstrate that they have adequate controls and safeguards when they host or process
data belonging to their customers. In addition, the requirements of Section 404 of the Sarbanes-
Oxley Act of 2002 make SAS 70 audit reports even more important to the process of reporting on
the effectiveness of internal control over financial reporting.

SAS No. 70 is the authoritative guidance that allows service organizations to disclose their control
activities and processes to their customers and their customers' auditors in a uniform reporting
format. The issuance of a service auditor's report prepared in accordance with SAS No. 70
signifies that a service organization has had its control objectives and control activities examined
by an independent accounting and auditing firm

National Valuation Service, Inc. P.O. Box 69043, Vero Beach, Fl 32969 (772) 978.0954 / (786) 581.9171 www.nvs.coop
National Valuation Service®, Inc.
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Nationwide Appraisal Service Cooperative Appraisal Products
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National Valuation Service offers a complete line of appraisal Products.

All appraisal orders are handled in full compliance with FHCMC/FNMA, FIRREA, FHA and federal
regulatory guidelines.

FNMA 1004/FHLMC 70- Single Family Residential (Owner Occupied Properties)

FHMA 1004/FHLMC 70 –Single Family Residential (Non-Owner Occupied Properties)

FHMA 1004/FHLMC 70 –Single Family Residential (FHA)

FHMA 1073/FHLMC 465- Individual Condominium Unit (Owner Occupied Properties)

FHMA 1073/FHLMC 465- Individual Condominium Unit (Non-Owner Occupied Properties)

FHMA 1073/FHLMC 465- Individual Condominium Unit (FHA)

FNMA 1025/FHLMC 72- Small Residential Income Property Report

FNMA 1025/FHLMC 72- Small Residential Income Property Report (FHA)

FHMA 2090- Individual Cooperative Interest Appraisal Report

FNMA 1004C/ FHLMC 70B- Manufactured Home Appraisal

FNMA 1004C/ FHLMC 70B- Manufactured Home Appraisal (FHA)

FNMA 2055/ FHLMC 2055- Exterior-Only Inspection Residential Appraisal Report

FNMA 1075/FHLMC 466- Exterior-Only Inspection Individual Condo Unit Appraisal report

FNMA 2095- Exterior-Only Inspection Individual Cooperative Interest Appraisal Report

FNMA 2075-Desktop Underwriter Property Inspection Report

FNMA 1004D/FHMLC 442 Appraisal Update and /or Completion Report

FNMA 216/FHMLC 998- Operating Income Statement

FNMA 1007/FHMLC 1000- Single Family Comparable Rent Schedule

LAND APPRAISAL

FNMA 2000/FHMLC 1032-One Unit Residential Field Review Report

FNMA 2000A/FHMLC 1072- Two-to-Four Unit Residential Appraisal Report

National Valuation Service, Inc. P.O. Box 69043, Vero Beach, Fl 32969 (772) 978.0954 / (786) 581.9171 www.nvs.coop
National Valuation Service®, Inc.
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Nationwide Appraisal Service Cooperative HVCC Certificate
SAMPLE
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Certificate ID : SAMPLE

Certificate Date:
Certificate of HVCC Compliance
Subject Property:

National Valuation Service®, Inc. - an entity with no vested interest in the outcome of this real estate
transaction certifies that through its technology platform, policies and procedures the appraisal report
represented was delivered in compliance with the Home Valuation Code of Conduct (HVCC December
2008). The Client does not have any ownership or management interest in National Valuation Service, Inc.

Key Process Points:

All pre-qualification valuations were performed via AVM or independently without knowledge of or access to
appraiser.

The lender named on the appraisal report submitted the appraisal request form via our secure appraisal
management platform which does not contain estimated value, loan amount or target values.

Appraiser selection, both automated and manual, was performed in compliance with the HVCC regulations.

All orders, except where explicitly documented, such as FHA orders, are arms length transactions where the
lender is unaware of the appraiser’s identity until the final copy of the appraisal report is delivered. The
appraiser is only provided the client name and address to facilitate appraisal form completion and is never
provided the loan officer, processor or any other originating personnel contact information.

The system prevents knowledge of and communication with the appraiser and documents all lender
communications to promote compliance.

Click here to view the Process Log

Click here to view the Appraisal Report

National Valuation Service, Inc. P.O. Box 69043, Vero Beach, Fl 32969 (772) 978.0954 / (786) 581.9171 www.nvs.coop
National Valuation Service, Inc. P.O. Box 69043, Vero Beach, Fl 32969 (772) 978.0954 / (786) 581.9171 www.nvs.coop