Home Equity Appraisal Turn Times

Improve Home Equity Appraisal Turn Times and Reduce Appraisal Costs

The Benefits of Home Equity Evaluation Products

The lending industry continues to be challenged by significant appraisal delays caused by an imbalance in appraiser supply and demand. To address these challenges, CSS is offering a new evaluation product that is ideal for home equity lenders. This product is valued by highly trained analysts rather than appraisers, and can be delivered in 2-4 business days, allowing you to close loans faster while still maintaining robust underwriting standards.

Benefits of CSS’s Home Equity Evaluation


2-4 business day turn time

Significantly less expensive than a full appraisal

Compliant with interagency guidelines

Includes every data field in a 2055 appraisal, with comparable accuracy based on extensive testing

Thorough exterior or interior/exterior inspection report, with option for virtual inspection

Full transparency of comparable data and selection

Extensive market analytics

Lender Case Study

CSS recently implemented this valuation product for a home equity lender closing several hundred loans per month.

css icon

The evaluation product has been successfully used on 75% of these loans.

css icon

On loans where the evaluation is unsuccessful due to property or loan characteristics, CSS automatically upgrades to an appraiser-valued hybrid or full appraisal.

css icon

On loans where the evaluation was used, the lender has reduced valuation cost and turn time by 70% as compared to a full appraisal.

css icon

Overall, this lender’s savings from using evaluations instead of full appraisals are approximately $60K/month.

Check out our latest articles


KeyBank Story: Centralized Title Success

Read more »


Why We Are Renewing Our SOC2 Type 2 Certification

Read more »


RON vs. RIN— What’s the Difference?

Read more »

Leave a Comment

Your email address will not be published. Required fields are marked *