The current market condition and various micro markets are driving a need for higher confidence in residential property valuations. We offer property valuations that bridge the gap between AVMs and Traditional Appraisals used for origination of second mortgages, HELOCs, and due-diligence on appraisals in pre or post funding. We have developed a relationship and integration with Proteck Valuation Services to offer a unique set of gap valuation products called CollateralPoint. CollateralPoint values are fueled by comprehensive collateral, market, demographic and economic data. Driven by appraiser expertise. And arrived at by an objective valuation engine.
We also offer Broker Price Opinions (BPOs) from the top appraisal management service providers in the industry. All appraisal management firms and their respective BPO products are available as choices in the FirstClose Dashboard for our customers’ convenience and flexibility.
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Gap Valuations
The CollateralPoint valuation platform gathers a full set of property and market data onto a Pro-Teck staff appraiser's desktop. The appraiser employs tools to filter, adjust and weight the data and applies logic to four distinct industry accepted valuation methods. The appraiser reviewed data and value methodologies are then passed to the CollateralPoint value engine. The result is an objective value with a supported value conclusion including backup data and analytics.
Report Options
• Level 1 - subject, comps and market data
• Level 2 - subject, comps, MLS and market data
• Level 3 - site inspection, subject, comps, MLS and market data
Report Contents
• Full summary: subject, comps, MLS and market data
• Fraud and Risk indicators for the subject and market
• MLS photos
• Map of subject and comps
• Satellite imagery of subject and comps
• Optional Broker site inspection: photos, property condition, market conditions
• 4 distinct Value Indicators
• CollateralPoint Value
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Broker Price Opinions (BPO) / Market Analysis
Our BPO vendor partner, Pro-Teck Valuation Services, offers accurate market analysis with their PMA6 (6 comp) product.
Pro-Teck PMA6 (6 comp)
The ProTeck Market Analysis 6 report is a three comparable listings/three comparable sale form that includes competitive properties currently on the market in addition to comparable sale data. These reports provide a more comprehensive view of the subject market and are a cost effective alternative to full appraisal products.
