Live Valuation-Sample LPO/BPO Report

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Virtual Assisted Valuation (VAV TM ) Better Results in a Fraction of the Time VAV TM 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. Standard appraisal forms produced with new levels of efficiency and accuracy! Utilizing market metrics and data derived from the local Multiple Listing Service, appraisers are empowered to produce more accurate valuations in a fraction of current time standards. 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 trend-lines are displayed and can be inserted in to appraisal reports. The market can be further examined by price bands. What We Offer: LiveValuation offers you market analytics at your finger tips: Value Ranges Median and Average Prices Average Days on Market Current Inventory Levels and Absorption Rates; annual and the past 30 days Typical property types; design, age, bedrooms, baths, and lot size Estimate of REO activity by units and percentage 01101100 01101001 01110110 01100101 00100000 01110110 01101100 01100001 01110101 01100001 01110100 01101001 01101111 01101110 01101100 01101001 01110110 01100101 00100000 01110110 01101100 01100001 01110101 01100001 01110100 01101001 01101111 01101110 Bringing Science to the Art of Appraisal

description

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.

Transcript of Live Valuation-Sample LPO/BPO Report

Page 1: Live Valuation-Sample LPO/BPO Report

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.

Standard appraisal forms produced with new levels of efficiency and accuracy!

Utilizing market metrics and data derived from the local Multiple Listing Service, appraisers

are empowered to produce more accurate valuations in a fraction of current time standards.

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

trend-lines are displayed and can be inserted in to appraisal reports. The market can be

further examined by price bands.

What We Offer:LiveValuation offers you market

analytics at your finger tips:

• Value Ranges

• Median and Average Prices

• Average Days on Market

• Current Inventory Levels and

Absorption Rates; annual and

the past 30 days

• Typical property types;

design, age, bedrooms, baths,

and lot size

• Estimate of REO activity by

units and percentage

01101100 01101001 01110110 01100101 00100000 01110110 01101100 01100001 01110101 01100001 01110100 01101001 01101111 01101110

01101100 01101001 01110110 01100101 00100000 01110110 01101100 01100001 01110101 01100001 01110100 01101001 01101111 01101110 Bringing Science to the Art of Appraisal

Page 2: Live Valuation-Sample LPO/BPO Report

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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.

Bringing Science to the Art of Appraisal

Page 3: Live Valuation-Sample LPO/BPO Report

Bringing Science to the Art of Appraisal

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01101100 01101001 01110110 01100101 00100000 01110110 01101100 01100001 01110101 01100001 01110100 01101001 01101111 01101110 Bringing Science to the Art of Appraisal

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.

Ernest W. Durbin II, SRA, CRPCEO, Founding Partner

“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.”

Page 4: Live Valuation-Sample LPO/BPO Report

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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.

Bringing Science to the Art of Appraisal

Bringing Science to the Artof Appraisal.

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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.

Bringing Science to the Art of Appraisal

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).

Bringing Science to the Art of Appraisal

Page 6: Live Valuation-Sample LPO/BPO Report

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01101100 01101001 01110110 01100101 00100000 01110110 01101100 01100001 01110101 01100001 01110100 01101001 01101111 01101110 Bringing Science to the Art of Appraisal