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The Collateral Valuation Report (CVR™)
Faster
than a URAR, More Powerful than an AVM!
The Collateral Valuation Report (CVR) is
an appraisal report based on
CompCruncher, our computer aided
appraisal software. The CVR is produced
by appraisers trained in real estate
regression analysis. It is not an AVM
embedded in a form filler. The appraiser
is center stage and has complete control
over the data analysis and the valuation
process. The CVR is completed
from the desktop, no physical inspection
is necessary, nor required.
CVR Use
You can use the CVR for any valuation
service except for re-finance and loan
origination. Refinance and loan
origination are governed by Fannie Mae
and Freddie Mac and you need to use
their approved forms for that type of
appraisal work.
We have found that lenders and
appraisers use the CVR for their
alternative valuations. Here are some
suggestions for you to understand the
great use of the CVR across the
multi-billion alternative valuation
market:
-
Bail Bondsmen
-
Estate work
-
Divorce disputes
-
Tax assessment challenges for the
tax assessor and/or home owners
-
Forensic appraisals
-
Legal work
-
Lenders have told us that the CVR is
a highly attractive alternative to
provide more accurate and more
reliable valuation with additional
analytical features in the following
areas:
-
Replacement for BPOs, particularly
for HELOCs
-
A replacement to a URAR for
portfolio loans (HELOCs, private
clients, consumer finance, community
banking)
-
Default management for any BPOs used
in the process (short sales)
-
Alternative in the loan modification
programs
-
Quality assurance
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Secondary valuation in value dispute
resolution and value reconciliation
CVR Turn Times
The CVR will be delivered within 48
hours of the order being placed.
CVR Sample
Please
click here to see a CVR sample.
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