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QVR
Quick Value Report
The QVR report is created utilizing ValuTech’s innovative database-driven valuation process to produce a condition-based Automated Evaluation Report that that complies with the Interagency Appraisal and Evaluation Guidelines. The QVR contains a sales comparison grid, photographs, neighborhood description and market conditions providing an accurate, transparent valuation which can be easily understood. For clients who need an instant, regulatory compliant valuation.
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Compliant
property condition-based value estimate provided in a report format which does not require expertise or special staff to validate or underwrite in conformance with the Interagency Appraisal guidelines.
Comprehensive
contains a sales comparison grid with property-specific data, property & comparable photos, neighborhood description, market conditions and maps to support credit decisions.
Cost-effective
available at a fraction of the cost of other valuations products with similar levels of accuracy and information.
Accurate
an unbiased estimate of value supported by the most proximate and similar sold and active listing comparables adjusted into parity with the subject property.
Fast
produced instantly via an online interface for immediate access to value estimates.
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Compliant, Automated Evaluation
The industry’s first IAG Compliant AVM. ValuTech’s innovative database-driven valuation process is leveraged to create an Automated Evaluation that meets the need for an instant valuation that complies with the Interagency Appraisal and Evaluation Guidelines.
ValuTech utilizes its proprietary data which contains key property and comparable characteristics – like condition – to provide customers accurate and compliant reports. Our valuation models emulated the same methodologies and guidelines of traditional appraisals to produce accurate easy to understand valuation results which do not require expertise or special staff to validate or underwrite.
ValuTech’s Automated Evaluation Report fills the regulatory void not met by AVM providers marrying property inspections with an AVM’s. The QVR is concise report with a sales comparison grid, photographs, neighborhood description and market conditions providing accurate, transparent valuations which are remarkably different from any other automated valuation solution.
Applications
- Regulated Institutions for transactions that qualify for the appraisal threshold exemption or subsequent transaction exemption
- Underwriters easily verify subject information, market value and comparable sales
- Collateral review specialists quickly evaluate and confirm values
- Asset managers accurately and instantly confirm list or sales prices and loan offer considerations
- Servicing agents easily monitor their portfolios while adhering to regulatory guidelines.
- Realtors and homeowners quickly obtain the market value of a home