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Appraisal Products:  Appraisal Alternatives

 

ValueSure AVM Model

  • Fueled by "Best-in-Class" property information resources such as: LexisNexis real estate database and internal appraisal reports, neighborhood housing profiles and tax records
  • Industry proven statistical valuation techniques developed and tested over a 20-year period by an internal staff of real estate economists
  • Real property and sales deed data gathered from 1,100 counties, representing 85% of property ownership nationwide
  • Quick and reliable automated estimations of residential property values within minutes delivered via a dedicated website
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Quick Collateral Evaluation (QCE)

  • Independent desktop valuation, which utilizes input from multiple AVM providers, as well as available raw data
  • Correlation between AVM conclusions and raw data points are reviewed online by a qualified real estate analyst
  • Multiple data points reduce risk of errors associated with single AVM data conclusions
  • When available data does not permit a value conclusion, the QCE is electronically upgraded to a drive-by or interior property inspection, depending on client credit risk policy
  • The QCE is not an appraisal and does not include either (a) physical inspection of the exterior or interior of subject property, or (b) photographs of the interior or exterior of subject property

 

Field Asset Verification (FAV)

  • Drive-by property evaluation of residential real estate, performed by a licensed real estate agent or appraiser
  • FAV combines the field agent's drive-by opinion of value with a supporting nearby comparable sale and other available public information about the subject property
  • FAV is not an appraisal and does not include either (a) a physical inspection of the interior of subject property, or (b) photographs of the interior or exterior of subject property
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Property Evaluation Report (PER)

  • Property evaluation of residential real estate performed by a licensed real estate agent or appraiser
  • PER is based upon a direct sales comparison approach
  • Field agent value conclusion is supported by three nearby comparable properties that have recently sold and public records information
  • PER comes as an interior (PERi) or exterior report, with or without photos
  • PER is not an appraisal
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Broker's Price Opinion (BPO)

  • Subject property verification provided
  • Current condition of subject exterior determined
  • Neighborhood property trends assessed
  • Typical marketing time determined
  • Closed sales and competitive listings to subject property summarized and compared
  • Estimated value for subject property containing either probable sales price or suggested list price provided
  • BPO comes as an interior (BPOi) or exterior report, with or without photos
  • BPO is not an appraisal
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