Serving the Pikes Peak region

Mortgage Appraisals in Colorado Springs

Reliable valuations for lenders and borrowers. We're on the approved appraiser panels for most major lenders.

How It's Ordered (719) 593-7977

Fee set by your lender
Inspection about 30 minutes
Report in 2–3 business days
Purchase, refinance, home equity

How it's ordered

Assigned by your lender

Your lender or its AMC chooses the appraiser. Borrowers can't pick who appraises the home.

At a glance

Mortgage appraisals are ordered by the lender or its appraisal management company (AMC), not by the borrower. Prewitt Appraisals performs purchase, refinance and home equity appraisals in Colorado Springs and El Paso County for lenders whose approved panels we're on. Being on a lender's panel doesn't mean we'll be assigned a particular loan, and the fee is set by the lender.

Ordered by: Your lender or its appraisal management company
Fee: Set by the lender
Loan types: Purchase, refinance and home equity
Inspection: About 30 minutes
Report: Typically 2–3 business days after the inspection
Disagree with the value?: Request a Reconsideration of Value through your lender

What we do

Appraisals for
Lender Transactions

Federal rules keep the appraiser independent, so the lender or AMC makes the assignment.

Most mortgage transactions require an independent appraisal to protect the lender from making a loan on an overvalued property. Prewitt Appraisals is on the approved appraiser panels for most major lenders.

Borrowers cannot choose their appraiser for mortgage transactions; the lender or an appraisal management company handles it. We provide the same thorough, professional service however the order arrives.

What's in the report

Market analysis for the neighborhood
Comparable sales and documented adjustments
Interior and exterior photographs
Measurements and floor plan sketch
Condition and quality description
How the final value was reconciled

How it works

From Order to Report in About a Week

What to expect once your lender assigns the appraisal.

Your lender orders

The lender or AMC assigns the appraisal and sets the fee.

We schedule the inspection

About 30 minutes. We measure, photograph, and note condition and features.

Report to your lender

Usually 2–3 business days after the inspection, delivered to the lender.

Questions about the value?

Ask your lender for a Reconsideration of Value with specific comparable sales.

Ordering

Who Orders a Mortgage Appraisal

Your lender or its appraisal management company (AMC) assigns the appraiser. Federal rules keep the appraiser independent of the borrower.

Borrowers

Your lender makes the assignment

You can't request a specific appraiser for a mortgage. If you're still choosing a lender, you can ask whether Prewitt Appraisals is on its approved panel, but being on the panel doesn't mean we'll be assigned your appraisal.

Need a value for your own decision, outside the loan? A private party appraisal is yours to order.

Private Party Appraisals

Lenders and AMCs

We're on the approved panels for most major lenders. Call to add us to yours or to place an order.

The fee

Your lender sets the appraisal fee and collects it at closing or upfront. We don't bill borrowers directly for lender work.

Common questions

Mortgage Appraisal Questions

Can't find your question? Call (719) 593-7977 and talk to an appraiser.

Read a related guide

No. Federal regulations require that lenders maintain independence in the appraisal process. Your lender or an appraisal management company (AMC) will select the appraiser. This ensures the appraisal is unbiased and independent.

The inspection itself typically takes about 30 minutes. After the inspection, the completed appraisal report is usually delivered within 2-3 business days. Total timeline from order to delivery is typically about one week.

The appraiser will measure the property, photograph the interior and exterior, note the overall condition and features, test basic plumbing and electrical systems (for FHA/VA loans), and inspect the attic and crawl space. The inspection covers the property's size, condition, amenities, and any items that may affect value.

If you believe the appraisal is inaccurate, you can request a Reconsideration of Value (ROV) through your lender. You'll need to provide specific comparable sales data that supports a different value. The appraiser will review the additional data and determine if an adjustment is warranted.