Appraisal Alternative

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

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 on-line 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)

  • A drive-by property evaluation of residential real estate, performed by a licensed real estate agent or appraiser
  • The FAV combines the field agent's drive-by opinion of value with a supporting nearby comparable sale and other available public information about subject property
  • The 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

Property Evaluation Report (PER)

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

Broker's Price Opinion (BPO)

  • Provides subject property verification
  • Determines current condition of subject exterior
  • Assesses neighborhood property trends
  • Determines typical marketing time
  • Summarizes and compares closed sales and competitive listings to subject property
  • Provides an estimated value for subject property containing either probable sales price or suggested list price
  • The BPO comes as an interior (BPOi) or exterior report, with or without photos
  • The BPO is not an appraisal
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