The Collateral Valuation Report (CVR™)

Washington DC, Suburban Maryland and Northern Virginia

Portfolio Review

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.

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
• Secondary valuation in value dispute resolution and value reconciliation

Pricing starts at $425 dollars for non-complex residential. This includes an interior inspection of the property. Exterior inspection starts at $300

Information on this page is taken from Appraisal World. http://www.appraisalworld.com/CVR/

Stephen Rochkind, SRA