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IRR-Residential

Local Knowledge...Nationwide

Business Type

Franchise

In Business Since

2004

Overview

In this age of lender consolidation, Internet based lending and centralization of appraisal ordering, appraisers are finding themselves becoming more distant from an increasing percentage of their clients. Appraisal management companies have stepped into this void, and in so doing, have taken a significant portion of the appraiser’s fee. The AMCs now are the ones that have the relationship with the large national lenders.

IRR-Residential was formed in response to this trend by bringing together the best local residential appraisers into a national company of independently owned and operated offices that can re-establish a direct relationship with clients, thus increasing revenue to local firms.

Products & Services

IRR-Residential a franchise opportunity from Franchise Genius

Utilizing the IRR-Connections state-of-the-art technology platform, IRR-Residential provides single point of contact for nationwide valuation services to accommodate the following requirements:

Mortgage Origination
Mortgage Servicing
REO and Property Disposition
Portfolio Due Diligence
Appraisal Reviews for Compliance, Quality Control, Audit, and Fraud Detection

All appraisal orders are handled in full compliance with FIRREA, Regulatory Agency, USPAP and FHLMC/FNMA standards. Each appraisal report is reviewed by IRR-Residential’s quality assurance team to ensure compliance with these standards and FHA and VA requirements. Reports are further reviewed to assure compliance with specific client underwriting requirements

Training & Support

Power of Branding: As IRR-Residential continues to grow, its brand will exude confidence. Clients can anticipate consistency in quality and service, no matter where an office is located.

Local Knowledge... Nationwide: IRR-Residential is the only national residential appraisal company supported by strong, independently owned offices. Locally controlled offices provide better service and greater client confidence.

Power of National and Regional Sales and Marketing: IRR-Residential affiliates gain the benefit of a corporate sales department that markets to regional and national clients. Moreover, the franchise company empowers local affiliates to leverage their relationships with large local lenders into national accounts for IRR-Residential.

Employee Retention and Training: Affiliates receive operational support lacking in most small businesses. Training programs facilitate individual franchisee growth with programs designed to improve efficiency and operational effectiveness. Well-run organizations are more successful at keeping their employees.

Bottom Up and Top Down Marketing: Having a network of independent offices empowers each office to create revenue and develop opportunities for others in the network. The national network in turn empowers IRR-Residential to market to national companies that require consistent quality appraisal services across the country.

Why IRR-Residential?

Powerful Relationships:

Synergy: IRR-Residential will connect the “best of the best” local appraisal firms. A collection of successful companies working together stimulates more ideas and allows all franchisees to benefit from each other’s success.
Internal Communications: IRR-Residential provides a range of resources to keep its offices connected to the progress and vision of the company.
National Meetings: National IRR-Residential franchisee meetings are held each year. At these meetings, presentations and discussions focus on business development, best practices, technology and other related topics. The best performing appraisers and offices are recognized at these meetings.

Are You a Good Fit for IRR-Residential?

IRR-Residential is looking for residential appraisal firms that desire to elevate themselves above their local competitors by joining a national organization of successful appraisal companies. Ideal candidate firms will have demonstrated success in their marketplace and have a desire to grow their business. IRR-Residential intends to add more than 60 offices per year to provide nationwide valuation services. The company is focusing on firms whose primary business is residential appraisal.

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