Live Valuation-Sample LPO/BPO Report

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Our Live Price Opinion Report is similar but far superior to the BPO Product. Our Product will fuse the local market expert opinion to the automated data analysis and then create an auto generated summary report.

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  • Nice post . Coincidentally if others need a Drive-by BPO Form , We saw a sample version here https://goo.gl/rWBqii.
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Live Valuation-Sample LPO/BPO Report

  1. 1. 01101100 01101001 01110110 01100101 00100000 01110110 01101100 01100001 01110101 01100001 01110100 01101001 01101111 01101110 Bringing Science to the Art of Appraisal 01101100 01101001 01110110 01100101 00100000 01110110 01101100 01100001 01110101 01100001 01110100 01101001 01101111 01101110 Virtual Assisted Valuation (VAVTM) Better Results in a Fraction of the Time VAVTM is a state-of-the-art proprietary valuation system. Traditional appraisal methods are time and labor intensive but the associated fees and number of orders are compressed. Put VAV™ to work in your operation and dramatically improve productivity and accuracy. Better, faster results lead to more orders. What We Offer: LiveValuation offers you market analytics at your finger tips: • Value Ranges Standard appraisal forms produced with new levels of efficiency and accuracy! • Median and Average Prices Utilizing market metrics and data derived from the local Multiple Listing Service, appraisers • Average Days on Market are empowered to produce more accurate valuations in a fraction of current time standards. • Current Inventory Levels and After defining the market area, real time market analytics are displayed on a dashboard for the appraiser to interpret. Graphs of quarterly and monthly price changes with annual Absorption Rates; annual and trend-lines are displayed and can be inserted in to appraisal reports. The market can be the past 30 days further examined by price bands. • Typical property types; design, age, bedrooms, baths, and lot size • Estimate of REO activity by units and percentage
  2. 2. 01101100 01101001 01110110 01100101 00100000 01110110 01101100 01100001 01110101 01100001 01110100 01101001 01101111 01101110 Bringing Science to the Art of Appraisal 01101100 01101001 01110110 01100101 00100000 01110110 01101100 01100001 01110101 01100001 01110100 01101001 01101111 01101110 Virtual Assisted Valuation (cont.) A narration of these analytical data points is automatically generated for inclusion in standard appraisal forms (1004, 2055, ERC etc.) This narration is not just canned comments but is created using rules sets that mirror standard appraisal methodology. If needed, the appraiser can edit or add to these comments before or after they are ported their appraisal software. VAVTM does not stop with market metrics. All of the active, pending and sold properties within the market defined by the appraiser are available for comparison to the subject. Displayed with photos, and side by side with the subject, comparable selection is enhanced with a sophisticated scoring system. Comparables are ranked based on their similarity and distance from the subject. The highest scoring comparable properties come straight to the top. In addition the appraiser can sort or filter properties in a multitude of ways.
  3. 3. 01101100 01101001 01110110 01100101 00100000 01110110 01101100 01100001 01110101 01100001 01110100 01101001 01101111 01101110 Bringing Science to the Art of Appraisal 01101100 01101001 01110110 01100101 00100000 01110110 01101100 01100001 01110101 01100001 01110100 01101001 01101111 01101110 Virtual Assisted Valuation (cont.) Once comparable properties are selected they can be reviewed with detailed MLS and public record information is displayed for each property. These verified properties are then exported directly to the appraisers desktop form software. With LiveValuation the appraiser can save hours of time and confidently produce data rich reports supported by real time market metrics. “The mission of LiveValuation is not to replace the appraiser with technology but to empower them. Our Virtual Assisted ValuationTM technology does the heavy lifting for the professional leaving them to do what they do best, make value decisions.” Ernest W. Durbin II, SRA, CRP CEO, Founding Partner
  4. 4. 01101100 01101001 01110110 01100101 00100000 01110110 01101100 01100001 01110101 01100001 01110100 01101001 01101111 01101110 Bringing Science to the Art of Appraisal 01101100 01101001 01110110 01100101 00100000 01110110 01101100 01100001 01110101 01100001 01110100 01101001 01101111 01101110 Powerful Regression Analysis LiveValuation is not an AVM but integrates regression tools the local appraiser can use in their marketplace. The comparable properties the appraiser selected, from the market area they defined, are analyzed with over 20 different regression models. This small market modeling yields outstanding results! AVMs frequently fail because they include properties that, for one reason or another, are not truly comparable (outliers). LiveValuation only analyses the properties the professional appraiser has selected. The result of this combination of local market expertise and modern regression techniques supplies very accurate values. The appraiser drives the data selection and reviews the value or value range produced by the regression tool. The final value is reconciled and called by the appraiser. Science to the Art Bringing of Appraisal.
  5. 5. 01101100 01101001 01110110 01100101 00100000 01110110 01101100 01100001 01110101 01100001 01110100 01101001 01101111 01101110 Bringing Science to the Art of Appraisal 01101100 01101001 01110110 01100101 00100000 01110110 01101100 01100001 01110101 01100001 01110100 01101001 01101111 01101110 LiveValuation has a New Appraisal Report Format Once the appraiser has analyzed the market, selected and reviewed the comparable properties, run the regression analysis, and reconciled an opinion of value, LiveValuation can produce a USPAP compliant summary appraisal report. On the final screen, the appraiser is guided through the valuation process in a question and answer format. USPAP compliance is directed by popup screens, alerting the appraiser to provide commentary when needed. Predefined statements of Scope of Work are included for desktop valuations, exterior and interior inspections. The appraiser can edit the Scope of Work as well as make and discuss Hypothetical Conditions or Extraordinary Assumptions. The Summary Report generated includes a main page with market and subject property specifics. Potential items of concern for the intended user are highlighted in red directing the reader to the addendum page. After the main page all properties included in the analysis are demonstrated with photos. A comments addendum follows the comparable listings and sales provided. Finally the report includes the necessary Certifications and Limiting conditions which have been custom written for the specific property. The LiveValuation Summary Report is data rich, accurate and USPAP complaint. The local appraiser can leverage this report for private assignments, local lenders, as well national entities which have expressed interest in receiving this report in place of a BPO report (Brokers Price Opinion).
  6. 6. 01101100 01101001 01110110 01100101 00100000 01110110 01101100 01100001 01110101 01100001 01110100 01101001 01101111 01101110 Bringing Science to the Art of Appraisal 01101100 01101001 01110110 01100101 00100000 01110110 01101100 01100001 01110101 01100001 01110100 01101001 01101111 01101110

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