Fee Appraiser Application Package Thank you for your interest in joining the SettlementOne National Appraisal Panel. With unbeatable customer service and fast, accurate web-based products, SettlementOne is a leader in providing settlement solutions for the mortgage and lending industry. Our network of appraisers nation-wide have been verified as licensed or certified appraisers and have proven experience in performing high quality valuation reports for our valued customers. As an independent appraiser approved by SettlementOne, you will have the opportunity to expand your appraisal business and benefit from our client base of over 7,000 financial institutions, including Banks, Lenders and Credit Unions. With cutting-edge technology, our web-based order and fulfillment system enables you to manage your business effortlessly and receive prompt payment for your services. If you are interested in increasing your workflow with a reputable, quality-driven partner, then joining SettlementOne s National Appraisal Panel is the right choice for you. For consideration as a fee appraiser, the following items must be submitted for approval: -Completed Application / Agreement -Copy of current State License(s)/Certification(s) - Current Resume (minimum of 5 years work history) -HUD Letter of Approval (if applicable) - Errors and Omissions Insurance Certificate -W-9 Form (if Firm Principal is not an appraiser, add only company name) -Worker s Compensation Insurance Certificate (ONLY for states of North Dakota, Ohio, Washington, West Virginia & Wyoming) - Agreement Addendum (Only applicable in Oregon) NOTE: Appraisal samples are NOT required. Regarding Firm Appraisal Assistants or Trainees: SettlementOne will NOT accept appraisal reports completed by an Appraisal Assistant or Trainee. All appraisal reports must be completed 100% by the assigned appraiser. Reports may NOT include any trainee work. Please return all documents via fax to 619-923-2947 or email to appraisers@settlementone.com. If you have any questions regarding this opportunity, please feel free to call our Appraisal Management Team at 866-382-4530. 1
APPRAISER APPLICATION FORM APPRAISER INFORMATION Referred by Lender: Recruited by SettlementOne Appraiser Name: Date: Appraisal Firm Name: Address: County: City: State: Zip: Office Phone: Fax Number: Cell Phone: Email: Social Security #: OR Tax Id #: Please Specify: Self Employed Owner/Officer PartnerEmployee Number of Firm Appraisers: Maximum Open Order Capacity: Years Appraising Experience: (Maintaining ability to meet due dates) STATE LICENSING & CERTIFICATION INFORMATION ( Attach copies of all licenses) State Licensed Certified License or Certification Number Expiration Date ADDITIONAL INFORMATION Are you set up for EDI transmission? Yes No Appraisal Software Are you approved for HUD/FHA work? Yes No Specialized Experience: REO Relocation Review # Completed in Last Year APPRAISAL COVERAGE (List specific counties/states If you don t cover the entire county, then specify the cities/towns) State: Counties: Property types competent to appraise: 2
DISCIPLINARY ACTIONS Have you ever been the subject of a lawsuit by a lender or investor? Yes No If yes, please explain: Have you ever been disciplined by a state appraisal licensing agency? Yes No If yes, please explain Have you ever had a claim filed against your Errors & Omissions Insurance: Yes No If yes, please explain MINORITY OR WOMEN-OWNED BUSINESS SettlementOne may provide appraisals to the U.S. Department of Housing and Urban Development (HUD) under terms and conditions contained in service agreements with some of our clientele. These agreements stipulate that those clients shall comply with all applicable laws, regulations and directions pertaining to subcontracting with small business concerns owned and controlled by socially and economically disadvantaged individuals. In order to maintain our files and to provide reports required by HUD and/or other governmental agencies, please complete this section of the Appraiser Application Form. Please check the appropriate boxes: African American Native Americans (including American Indians, American Eskimos, American Aleuts & Native Hawaiians) Hispanic Americans (from any Latin American country in South America, Central America or the Caribbean) Asian-Pacific Americans (from Japan, China, Okinawa, Philippines, Vietnam, Korea, Samoa, Guam, Northern Marinas, Laos, Cambodia, Thailand, Taiwan & the U.S. Trust Territories of the Pacific) Asian- Indian Americans (from India, Pakistan and Bangladesh) Women-Owned Business Concern: a concern that is at least 51% owned or is a publicly-owned business where the combined total of all classes of stock is owned by a woman or women who are U.S. citizens and who also control and operate the business. Control in this context shall mean ex ercising power to make policy decisions and operate shall mean being actively involved in the daily management of the business. The signer represents that their enterprise:is IS NOT a minority or women-owned business. SettlementOne is fully committed to the policies and guidelines of the Community Reinvestment Act, the Federal Fair Housing Act, the Equal Credit Opportunity Act and adheres to Non- Discrimination practices in the appraisal process. Federal regulations prohibit discrimination in the selling, brokering or appraising of residential real property. SettlementOne does not support or encourage discrimination or any like practices of any form. I understand that omission or misrepresentation of material fact in this application may result in the refusal of consultant services. I acknowledge that SettlementOne, at their sole discretion and for any reason, has the option of not accepting my application or changing my status at any time. I hereby authorize SettlementOne to make any investigation of my background deemed necessary and to release copies of my application package (resume or license) to their clients upon request. 3
LIABILITY/WORKERS COMPENSATION INSURANCE INFORMATION An Appraiser is not an employee or an agent of SettlementOne for any purpose. An Appraiser is an independent contractor and is not eligible to participate in or receive any benefit from any company benefit plan, program or other arrangement that may, from time-to-time, be available to employees of SettlementOne including but not limited to any health, disability or life insurance, vacation, holiday or sick leave pay or profit sharing/pension plans. SettlementOne will NOT provide workers compensation for any Appraiser. FOR STATES OF OHIO, NORTH DAKOTA, WASHINGTON, WEST VIRGINIA and WYOMING, an Appraiser has the affirmative obligation under this Agreement to furnish proof to SettlementOne, that at all times, it has an active policy of Workers Compensation Insurance in the state/s in which the Appraiser does business. For all States, any Appraisal Firms which have employees, the Appraisal Firm has the affirmative obligation under this Agreement to furnish proof to SettlementOne, that at all times, it has an active policy of Workers Compensation Insurance in the state/s in which the Appraisal Firm does business. An Appraiser or Appraisal Firm is solely responsible for payment of applicable taxes and withholdings, respecting all payments made under this Agreement, and for all claims, da mages and/or lawsuits arising out of the acts of an Appraiser and/or an Appraisal Firms employees, subcontractors and agents. Contracts for appraisal assignments are given on a job-to-job basis. SettlementOne has the sole discretion as to whom appraisal assignments will be offered. SettlementOne does not guarantee employment as an independent contractor or offer a guaranteed amount of compensation. By signing this Agreement, an Appraiser or Apprai sal Firm agrees to maintain adequate Errors & Omissions insurance, automobile insurance and a policy for Workers Compensation Insurance (when applicable) for the Appraiser, Appraiser s employees, Appraiser s subcontractors and Appraiser s agents. The Appraiser or Appraisal Firm further agrees to furnish SettlementOne with a copy of the Errors & Omissions insurance certificate and Workers Compensation insurance certificate in all states in which they do business. I, as the Appraiser or designated representative of an Appraisal Firm, acknowledge that this is a condition which is precedent to doing business with SettlementOne. Appraiser Signature Date Signed 4
APPRAISER SERVICE AGREEMENT As consideration for the right to contract with SettlementOne, Inc, a California corporation known as SettlementOne, as a provider of appraisa l services to SettlementOne s clients, the undersigned Vendor hereby warrants, represents and agrees as follows: SERVICE REQUIREMENTS Vendor hereby agrees that it will meet the follo wing minimum service level requirements: 1. Immediately upon receipt of assignment: a. Determine if you are accepting the assignment and can complete by the due date specified b. Contact SettlementOne immediately if the assignment is being declined as the order must be reassigned NOTE: Consistent declining of orders may warrant removal from the National Appraisal Panel as these delays impact customer service levels 2. Within 24 hours of receipt of assignment, the appraiser must: a. Contact the borrower or primary contact b. Set the inspection date c. Update SettlementOne by email as to inspection date or provide details regarding any delay in service 3. Within 48 hours from date of inspection, the appraiser must: a. Submit the completed appraisal report to SettlementOne TURN-AROUND TIME REQUIREMENTS Vendor hereby agrees that it will meet the following criteria set for delivery of services: 1. 3-5 business days for Interior Products 2. 2-3 business days for Exterior Products 3. 24 hours for Quality Issue corrections CRITERIA FOR ASSIGNMENT OF ORDERS SettlementOne will make assignments based on quality, proximity to subject, turn-around time, performance, expertise, timely status updates and capacity available for open orders. NOTE: Failure to comply with USPAP, FNMA and/or SettlementOne service level standards may result in removal from our National Appraisal Panel. SettlementOne reserves the right to unilaterally change the terms of the National Appraisal program at any time without prior notice. 5
Non-Solicitation and Non-Disclosure Vendor agrees that during the term of this Agreement and for a period of two (2) years immediately following the termination of the Agreement by either party for any reason, whether with or without good cause or for any or no cause, Vendor will not, either directly or indirectly, interfere with Company s contracts and/or business relationships, or prospective contracts and relationships, including, but not limited to: (i) Company s customer or client contracts and relationships; (ii) Company s relationship with its current and prospective employees; and (iii) Company s relationships with its business partners, vendors, and other entities and people with whom it regularly does business. Vendor further agrees that it shall not, at any time during the term of this Agreement, engage in direct competition with SettlementOne as a provider of appraisal management services. Such services shall not include Vendor's direct fulfillment of appraisal service requests on their customers' behalf. In the event that the Vendor is found to be in violation of the Non-Solicitation and Non- Disclosure terms of this Agreement, the Vendor shall be liable to SettlementOne for a penalty in the amount of five thousand dollars ($5,000) for each occurrence of such violations. SettlementOne also reserves the right to seek recovery of any and all losses and damages associated with, or stemming from, the Vendor s violation of such Non-Solicitation and Non-Disclosure terms of this Agreement. Vendor Company Date: Signature Title: Name Printed 6
License Warranty Vendor agrees and warrants that during the term of this Agreement to keep all required licenses in good standing for either any Appraisal Firm or individual Appraiser and report to SettlementOne any notification of or change in License status within 48 hours of Vendor s receiving such notice from any licensing authority. Vendor Company Date: Signature Title: Name Printed