Appraisals
Traditional and alternative solutions for real estate appraisal
solutions and collateral valuation products.
AVMs (Automated Valuation Models)* are statistically based
computer programs that use real estate information such as
comparable sales, property characteristics, tax assessments
and price trends to provide an estimate of value for a specific
property.
The strengths of AVMs relative to traditional real estate
appraisals are speed, reduced costs, consistency and objectivity.
AVMs can significantly reduce the time it takes to obtain
an estimate of value and reduce the costs associated with
the traditional property appraisal process.
Warranted AVMs* make automated valuation models even more
appealing and cost-effective by providing lenders with financial
protection from the risk of overvaluation. If issues arise
after closing and a manual review verifies the loan was overvalued
enough to make a claim, the lender simply submits a claim
and the overvaluation (plus related costs as outlined in the
lender’s agreement) is covered. Credit Plus is one of the
first in the industry to offer Warranted AVMs.
Credit Plus’ AVMs provide:
• Nationwide coverage
• Completely web-based program
• Integrated ordering process
• Instant return
• Premier selection of valuation models, including
- Case Shiller Weiss (CASA)
- Basis 100 (PASS and HPA)
- Home Value Explorer (HVE)
- Value Point 4
- More coming
*Provided through strategic relationship with Ariston.
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