|
This page is currently under construction.
In short, the Collateral Valuation Report (CVR) is a new valuation product that's sweeping the appraisal industry. The CVR utilizes both the tried and true Sales Comparison approach to value (comparing the various features of neighboring sales that are the most similar to that of the subject), and the Regression Analysis (RA) approach to value.
|
An RA (within the CVR) will look at all the data within the subject's market area, and is not limited to just those that are considerd to be similar to the subject. By analyzing and interpolating between a wider range of data, the appraiser is reducing their subjectivity, thereby deriving a more objective and supportable value estimate.
The CVR product is the brain child of Bradford Technologies. It is rapidly becoming the valuation product of choice to replace BPO and Desktop Analysis; and is currently be utilized by four of the top five lending institutions.
Come back to this page soon for some thumbnail samples, and a more detailed description of the CVR product and how it may apply to your valuation needs.
|
|
