PROPERTY VALUATION
1 Source Data offers the most complete set of valuation products available. Lenders can choose the appropriate valuation product depending upon their underwriting risk profile, from cost effective Automated Valuation Models (AVMs) to full appraisals.
Automated Valuation Models (AVMs)
State of the art, computer-based real estate valuation algorithms are designed to produce an accurate value estimate of residential properties in a matter of seconds. These mathematical algorithms perform an electronic analysis of data from multiple sources such as; public record information, multiple listing services, and other proprietary databases.
• Access the top AVM providers in the industry including:
-- CASA by FiServ CSW (Case Shiller Weiss)
-- HPA (MRAC) by Basis100/First American
-- HVE by Freddie Mac
-- PASS (Solimar) by Basis100/First American
-- PowerBASE 6.0 by Basis100/First American
-- ValuePoint4 by First American
-- ValueWizard by Banton/TransUnion
-- VeroValue by Veros
• Capability of utilizing a cascading methodology, increasing the chance of returning an AVM value.
• AVMs can be guaranteed and warranted against lender loss.
Progressive/Gap Valuation Products
Combining the speed of an AVM and accuracy of an appraisal, these products are designed to meet the specific risk guidelines of lenders.
• Appraiser-Assisted AVM – A USPAP (Uniform Standards of Professional Appraisal Practice) approved alternative valuation product, reviewed and verified by a certified appraiser, filling the gap between an AVM and a traditional appraisal. Turnaround is generally within 24 hours, substantially reducing the time and expense it takes to process a traditional appraisal.
• AVM with Digital Photo and Condition Report – Confirms condition of property and value of AVM with a digital photo and physical inspection within 24-48 hours.
Traditional Valuation Products
Choose from multiple products to meet lending requirements, including Broker Price Opinions (BPOs) and a complete selection of Appraisal Reports, all delivered electronically.
• Appraisal Management Company – Choose from one of 1 Source Data’s service providers to deliver timely valuations online.
• Add and Utilize your own Appraiser Network – DataClick allows you the ability to add your own appraisers and submit an order to them electronically.
|
