Triserv offers consumer loan evaluations or hybrid evaluation products for home equity lending and portfolio valuation services. These include AVM products, home inspections, and hybrid products like Triserv's MACR (Market Analysis & Conditions Report).

The Interagency Advisory on the Use of Evaluations in Real Estate-Related Transactions can be found on the Federal Reserve's website here.

The guidelines establish the use of non-appraisal evaluation products for transactions where:

• The "transaction value" (generally the loan amount) is $250,000 or less
• Certain renewals, refinances, or other transactions involve existing extensions of credit

Under these definitions, lenders can utilize evaluation products in combination with non-appraiser inspections to underwrite certain types of loans. The majority of these in the banking and credit union space are home equity loans.

Title XIV, Section 14.7.6 in the Dodd Frank banking reforms also specifically prohibits the use of BPO (Broker Price Opinion) for use as the primary basis in determining the value of a piece of property in regards to a mortgage loan secured by that property [§1473(r)].

Though Triserv offers Broker Price Opinions for our lenders, it is clear that valuation options that combine AVM and onsite property inspections are the preferred method for conducting these types of evaluations. Triserv offers lending institutions the MACR (Market Analysis & Conditions Report) for home equity lending and portfolio management.