avmpro product sheet october 2016 (1)

Welcome to the next dimension in BPOs.

Some say that our innovative approach to multi-sourced valuation opinions is revolutionary. The truth is we consider it remarkably evolutionary. For years mortgage and investment professionals have gambled on single-agent opinions to determine market prices. BPOMerge™ is a game changer. By leveraging three independent expert price opinions to achieve valuation consensus, BPOMerge is the industry’s most reliable BPO. Fueled with real-time data integration and advanced auditing features, every element of BPOMerge sets new standards that can’t be matched by traditional Broker Price Opinions. Welcome to our evolution and say goodbye to your traditional BPO.

Built In Tie-Breaker Three agents independently assess the subject property and provide ex-pert price opinions and commentary.

Blending the Best MergeValue™ looks at each agent’s comparable selection performance and determines a probable price for the subject property.

Comparable Summary A total of 18 comparables are summarized with individual agent’s metrics measured against the subject property.

Keeping Score BPOMerge scores MergeValue based on agent agreement and whether the comparables provided support the value determination.

Top Comps BPOMerge™ identifies comparables selected by multiple agents and weighs those comps as higher-confidence in the BPOMerge calculation.

3115 Melrose Drive, Suite 130Carlsbad, CA 92010

www.clarocity.com(760) 208-6400

Copyright ©2013-2016 Clarocity, Inc. All rights reserved

Audacious Auditing

About Clarocity

BPOMerge completely redefines QC with 7 levels of total quality management. Starting from assigning the most qualified agents near the subject to our innovative automated audit system, BPOMerge sets new standards in valuation quality.

Collaborative ValuationThe entire concept of BPOMerge starts by using three qualified agents to develop independent price opinions and merge it into the most probable price for your subject. We first score each agent on how well they chose comparables to the subject and use this to fuel advanced algorithms. The resulting MergeValue™ provides the most likely price for your subject property. BPOMerge takes it one step further by providing a MergeValue Confidence Score that not only reflects agent consensus, but also whether the provided MLS comparables support MergeValue price determination. BPOMerge is designed from the ground up to inspire confidence in your price opinions.

Clarocity was created to address what we thought was a lack clarity around alternative valuation products, which address today’s toughest valuation challenges. We have a heritage of providing the highest-quality valuation products and services available. We honor this tradition by ensuring that clients have complete access to innovative products that leapfrog the current generation of valuation solutions.

Visit www.clarocity.com or call (888) 489-5519 to experience the next dimension in BPOs.

Agent Performance Score Ensures that every report starts with the most qualified agents.

Data Integration Every property and comparable is fueled with public record data

to reduce data entry errors.

Run-Time Rules Dozens of business rules

continually ensure optimal comparable selections.

Quality Control Our trained valuation

specialists review every report.

Agent UX An innovative guided user-experience ensures accurate report production.

Instant Validation Every field is checked to ensure data is properly entered.

Automated Audits Our platform leads the agent through a comprehensive audit and corrects many of the problems found in traditional BPOs.

Each BPOMerge Report startswith an comprehensive

inspection of the subject property.

After the inspection is submitted, two additional agents are engaged

to review the inspection and perform independent price opinions.

The final results are compiled, and automatically reconciled into a MergeValue, representing the

most probable price for the subject.

The BPO that exceeds all your inspectations.

In today’s banking and investment climate, it’s essential that your valuation technology solutions provider equips you with real insight into property and market conditions. Truth is, agents are your “feet on the street” and you’re relying on them to provide essential details needed to manage risk and investment decisions. It is time to challenge conventional wisdom, which is why we developed a new breed of Broker Price Opinions. BPOPro™ leverages our proprietary platform and delivers an industry-leading valuation solution. BPOPro™ digs deeper into the property details and conditions driving today’s real estate valuations. We like to think we designed the perfect BPO, but when you’re as passionate as we are about innovation, BPOPro™ is just the beginning.

Broker Price OpinionAs-Is and Quick-Sale values provide the local market expert price opinions you’re looking for.

Market Insight Neighborhood and market performance assessments.

Expert Commentary In-depth insight fueled with audit comments on over a dozen different business rules.

Hand-Selected Comparables 3 listed and 3 sold comparables with supporting data and photos provide the most recent information available.

In-Depth Inspections Up to 34 subject and neighborhood site-inspected elements.




Unconventional Conditions

Audacious Auditing

With BPOPro™ we thought it was time to take a novel approach to site inspections. We’re ready to go beyond broken windows and address real subject and neighborhood valuation targets.

We know our clients are often thousands of miles away from the subject, and need to dig into what’s really driving the market. That’s why our agents collect over 34 subject and neighborhood related inspection elements.

It’s more than just multiple levels of total quality management – we knew the best way to get the right answers is to ask the right questions. That’s why every time our agents submit a BPOPro™ report, we perform an automated audit to drive the industry’s most in-depth commentary. We believe rich commentary not only provides insight other BPOs lack, but leverages local market expertise like no other alternative valuation product on the market. We’ve even created custom audit questions to find the answers for our client’s toughest questions.

26

BPOPro Exterior ComparisonTypical

Broker Price Opinion

Typical Property

Condition Report

Exterior BPOPro™

As-Is and Quick-Sale and As-Repaired Values Yes No Yes

Photos 6+ 2+ 6+

Repairs with Cost-to-Cure Yes Optional Yes

Subject and Neighborhood Inspection Elements 7 18 40

BPOPro™ Desktop BPOPro™ Exterior BPOPro™ Interior

Inspection

Inspection Type None/Desktop Exterior Interior

Property Condition

Subject & Neighborhood Inspection Elements 40+ 40+

Subject Inspection Photos

Repairs & Cost to Cure

Valuation & Market Assessment

As-Is and Quick-Sale Price Opinion

Expert-Selected Listing and Sold Comparables

Comparable Location Map

Comparable MLS Photos

Agent Commentary

Market & Neighborhood Trend Assessment

Integrated Quality and Audit Rules

Available Options

BPOXtensions™We know that having the right valuation solution for your business needs often means using a multitude of products and designing extensive customization options. That’s why our valuation platform was designed to be completely modular, allowing you to add only the components you need to create your own custom BPO. BPOXtensions™ are a complete set of features and functions you can add to everyBPO we offer, allowing you the freedom to choose the services that are most useful for your business.

BPOMerge™ Reconciliation

BPO RampUp™

Turn to an expert for mult-valuation review and assessment.

BPOMerge™ Reconciliation provides the additional security of knowing that an expert has carefully reviewed and reconciled the multiple valuations provided in each BPOMerge Report we provide.

Features Include:n Full review of your report available from your choice of appraiser or trained valuation expert n Reconciled as-is, quick-sale, and as-repaired values n Expert-Selected Comparablesn Commentary and Insightn Custom Risk and Business Rules can Identify and Engage Expert Reconciliation as Needed

Increase the certainty of your risky valuations.

BPO RampUp™ is designed for clients looking for a more cost-effective method to increase valuation certainty on their loans. RampUp eliminates the need for ordering multiple BPOs when a valuation doesn’t meet your internal valuation expectations.

As an add on option to BPOPro™, RampUp leverages business rules to automatically turn your BPOPro into a BPOMerge report. When your provided benchmarks aren’t met, our platform will automatically engage multiple vendors to upgrade your report to a BPOMerge complete with three full opinions, MergeValue automated reconciliation value, and confidence scoring. Now you can automatically get increased valuation confidence when you need it most.

Features Include:n Leverage your own valuation benchmarks to drive effective business rules n More cost efficient than ordering multiple BPOs on the same property n Seamless RampUp™ progressive BPO technology ensures rapid turn-times

BPOMerge

BPOPro

While there was relative consensus between all three agents, Agent B’s lower value assessment is not supported by the more recent sales and

listings in the neighborhood. Agents A&C have indicated while that this market was heavily hit by foreclosures and short sales, it has begun to

stabilize. A recent listing for a smaller property accross the street is currently listed at $479,000. It’s a bank owned, REO property, but even if

there were consessions and price reductions, it is much smaller than the subject property. Along with the overall sales trend, it’s my opinion that a

reconciled value is supported by the evidence supplied. It’s likely that in the near future this market will stabilize and gain some mild appreciation in

2012.

As-Is Value

Quick-Sale Value

As-Repaired Value

Cost to Cure

Neighborhood Market Trend

Overall Market Trend

PROPERTY ADDRESS:

1770 Star Crest Pl, San Marcos, CA 92078

REFERENCE NUMBER:

#201291029

LENDER NAME: REPORT DATE:

01/16/2012

www.kirchmeyergroup.com Order: 192102 | Page 2/16

$485,000

$451,000

n/a

$0

Stable -

Stable -

Reconciled Value Comments

Reconciliation

Subject Property Reconciled Value

1710 Weatherwood Ct $450,000

Selected Comps Proximity Type Price

1710 Weatherwood Ct 0.26 mi Sold $450,000

2523 Blue Oak Cl 0.12 mi Sold $500,000

1758 Weatherwood Ct 0.08 mi Listed $529,000

1771 Star Crest Pl .012 mi Listed $479,000

R1

R1

R2 R2

R3 R3

R4

S

S

R4

Benchmark ValueProvided Price Assessment,

AVM, or Other Valuation Method

When the price opinionfails to meet benchmarks,

multiple agents are automatically engaged to create a BPOMerge.

When the price opinionmeets benchmarks, a

BPOPro will be provided.

Business Rules BPOPro Value Variance (+/-%)

from Benchmark

AVM Agent Price

Estimated Value $588,900 $500,000

Marketing Time 120 Days

Quick Sale $500,000

Overall Property Condition

AVM Review & Price Assessment

Market Assessment

Agent Certification & Signature

SUBJECT ADDRESS:

456 Main StreetCITY:

AnytownSTATE:

CAZIPCODE:

12345

PROPERTY TYPE:

CondoASSESSOR'S PARCEL NUMBER:

12345678GROSS LIVING AREA:

1,174YEAR BUILT:

1988BEDS:

2BATHS:

2.00

Poor Fair Average Good Excellent

AVM Under Review: Equifax AVM Insight

DO YOU AGREE WITH THE AVM VALUE?:

NoIS THIS PROPERTY UNIQUE FOR THE NEIGHBORHOOD?:

No

ARE THERE ANY CONCERNS THAT NEGATIVELY IMPACT THE PROPERTY VALUE?:No. None noted. Property exterior appears to be in good condition. Noapparent problems noted from curbside exterior visual inspection.Curbside landscape appears maintained. There are a few comparableswithin the AVM that contain inaccurate data which is driving the AVMvalue up. The subject property is located within a beach community,therefore comparable sales located within close proximity may not becomparable due to their location next to the beach and/or views. Basedon my knowledge of the area the subject value is estimated at 500K.

ARE THERE ANY CONCERNS THAT POSITIVELY IMPACT THE PROPERTY VALUE?:No. None noted.Property exterior appears to be in good condition. Napparent problems noted from curbside exterior visual inspection.Curbside landscape appears maintained. Condition of the interior isunknown; this is an exterior inspection only.

NEIGHBORHOOD MARKET TREND:

IncreasingMARKET INVENTORY:

In BalanceFORECLOSURE ACTIVITY:

Low

ARE THERE ANY NEIGHBORHOOD ISSUES THAT CURRENTLY AFFECT THE PROPERTY VALUENo

MARKET & NEIGHBORHOOD COMMENTARYMarket conditions for the subject's zip code show a slight increase in values as well as price per sqft compared to 2014. Currently, there appears tobe a balance between supply and demand.

The agent certifies, to the best of my knowledge and belief:1. That I am an active licensed agent in good standing, and that my license and expiration date are accurately represented on this report.2. That I inspected the subject property, and the information provided in the inspection report is my own assessment3. That I reviewed an Automated Valuation Model for this property, which may or may not coincide with my own independent price assessment4. The intended purpose of this Broker Price Opinion is to assist the intended user in making decisions within the scope of applicable statutory and regulatory requirements and performing

required due diligence.

CLIENT REFERENCE NUMBER:CR0002

Clearly a better approach to AVM + Inspections.

With today’s strict regulatory environment, it’s essential that lenders consider property condition as part of their overall valuation. While traditional Automated Valuation Models (AVMs) have become a routine tool used in lending, they cannot take into account overall property and neighborhood conditions. AVMProTM bridges the gap by using local real estate a agent to provide a comprehensive on-site property report with neighborhood characteristics along with an independent assessment of the AVM.

AVM Estimated Market ValueWith the ability to work with a selection of AVMs, AVMPro provides you the market value to support your lending decision.

Integrated Price Opinion AVMPro leverages a nationwide panel of real-estate agents, allowing for an AVM review and independent Price Opinion.

Property Condition Using standardized condition ratings, AVMPro assists lenders meeting the Interagency Appraisal and Evaluation Guidelines that require regulated institutions to ascertain the physical condition of the property.

AVM Review The agent reviews the AVM and provides an overall qualitative assessment and independent price opinion.

Picture PerfectWith a minimum of 6 overall photos, 40 inspection elements and repairs, AVMPro provides the unmatched insight that traditional AVMs and Property Condition Reports lack.

LOAN NUMBER:123456

REFERENCE ID:

APPRAISAL REPORT

SUBJECT ADDRESS:

123 Main StreetCITY:

AnytownSTATE:

CAZIPCODE:

11111COUNTY:

USA

Subject & Assignment Information

SUBJECT INSPECTION PHOTO 12/10/2015

OPINION OF MARKET VALUE:(SEE EXTRAORDINARY ASSUMPTIONS)

218,000

BORROWER:

OWNER OF PUBLIC RECORD:JOHN DOE

JOHN DOECLIENT:

ABC Bank123 Main StreetAnytown, CA 11111

CURRENT USE:

Single-Family AttachedPROJECTED USE:

Single-Family DetachedREAL PROPERTY INTEREST VALUED:

FEESIMPLEPRESENTLY HIGHEST AND BEST USE?:

YesZONING CONFORMANCE:

Appears conformingASSESOR'S PARCEL NUMNER:

P6411068000035YEAR BUILT:

1999GROSS LIVING AREA:

2,709 sfBEDROOMS:

4BATHS:

2.00GARAGE:

2gaSITE SIZE:

16,501 sfSITE CONFORMITY:

Conforms to the neighborhoodBASEMENT:

Yes (Partial, Finished)ARCHITECTURAL STYLE:

ColonialOCCUPANCY STATUS:

OccupiedIS SUBJECT LISTED?:

NoEFFECTIVE DATE:

12/10/2015ESTIMATED EXPOSURE TIME:

3-6 Months

Property Condition (Based on third-party inspection and other available information, see page 5)

POOR FAIR AVERAGE GOOD EXCELLENT INFERIOR SIMILAR SUPERIOR

Market ConditionsLOCATION:Suburban

GROWTH RATE:Stable

PROPERTY VALUES:Stable

DEMAND/SUPPLY:In Balance

MARKETING TIME:< 3 Months

Tax & Assessment Information

ASSESED LAND:

$14,700ASSESED IMPROVE:

$69,490TOTAL ASSESSED:

$84,190TAX YEAR:

2013

Value Reconciliation

The subject neighborhood is located on the west side of Hamilton Ohio. It is predominantly two-story dwellings with some other designs interspersed. Market conditions in the neighborhood are generally in balance. Supply levels are typical (in balance) for this time of the year. Values have been relatively stable with some moderate appreciation. New construction is occurring in the neighborhood on the southern section.

The subject property is most similar to comparable number 1 which sold for $220,000. Comparable number 2 is located on the same street but is inferior, lacking basement finish. Comparable number 3 is a newer home but substantially smaller and considered inferior. This comparable is located in a section of the neighborhood that represents the lower portion of the price range as well.

The subject property is most similar to listing number 2 although this listing is regarded as inferior because of its lack of basement finish. Listing number 1 is a new home and is substantially superior as a result. The square footage was estimated for this listing. The subject is inferior listing number 3 which is a three-bedroom and lax basement finish.

The appraisal report that tackles today’s

toughest valuation challenges

The challenge for us was simple. Could we develop an appraisal product that’s so easy to use, that any appraiser could intuitively start and complete a high-quality appraisal report in minutes? Could we turbo charge a proven process that agents use every day and provide an exceptional appraiser user experience? Could we design a report that met all the USPAP definitions as an appraisal report, yet remained user-friendly for consumers? Absolutely.

Market ValueMVP meets all the requirements of an appraisal report, and provides an opinion or market value for compliance with Interagecy Guidelines

Market Conditions The appraiser provides a market analysis and overall assessment of current market conditions effecting the property.

Detailed Analysis In addition to providing comparable listings and sales, the appraiser provides a qualitative analysis to support their value reconciliation.

Picture PerfectAn 40+ element site inspection of the subject property is provided by an agent or inspector to assist the appraiser in determining a reliable value reconciliation.




Built for Compliance

A Team Player

MVP is designed from the ground up to meet the stringent regulatory demands facing lenders today. MVP Reports with inspections are designed to meet and exceed all the Evaluation Content Requirements as outlined in the Interagency Guidelines.† Coupled with the necessary USPAP requirements, MVP reports are classified as an appraisal report providing you maximum flexibility depending on the intended use. Lastly, for lenders and servicers needing to meet the CFPB Equal Credit Opportunity Act (ECOA) Valuations Rule, MVP consumer-focused design provides needed clarity in the valuation conclusion.

MVP leverages Valuation Vision’s platform technology to simultaneously coordinate multiple vendors to create the final report. To start, an agent or inspector is engaged to provide a comprehensive 40+ element inspection of the subject property and neighborhood. Upon completion, the order then moves to the appraiser for review and value reconciliation. Using our integrated valuation tools, the appraiser analyzes the local market and subject data, selects comparables, provides qualitative analysis and estimate of market value.

26

Exterior Broker Price Opinion

Appraiser Evaluations†

2055 Appraisal

Inspection

Inspection Performed By Agent Appraiser Appraiser

Inspection Type Exterior Exterior Exterior

Interagency Appraisal and Evaluation Guidelines†

Identify the Subject Property

Subject Current and Projected Use

Appraiser’s Estimate of Market Value

Exterior Inspection and Condition Verification

Describes Valuation Analysis

Provide Considered Supplemental Information and Analysis

Indicate Information Source(s)

Preparer’s Certification and Information

Appraisal & USPAP Requirements

Valuation Performed by a Licensed or Certified Appraiser

Designed to Support USPAP Compliance

Appraisal Report

Unrestricted Use

† Interagency Appraisal and Evaluation Guidelines (December 2010), Section XIII, “Evaluation Content”

Each MVP Report startswith an comprehensive

inspection of the subject property by a qualified

agent or inspector

After the inspection is submitted, a local licensed

or certified appraiser provides a

value reconciliation

The final report is a complete appraisal report as defined by USPAP and

Interagency Guidelines

Valuation Vision is not a licensed Appraisal Management Company (AMC) in all states, and this is not a solicitation for AMC services. MVP is an appraisal product and providing these services may require that the provider meet the state regulatory and compliance requirements. Should you require an AMC, Valuation vision licenses products and technology to select AMC partners that can meet compliance requirements.

MarketValue™ Pro

MVP Exterior

MVP Interior

Agent or Inspector Agent or Inspector

Exterior Interior

Do your appraisals

make the grade?Appraisal Quality Compliance (AQC) represents the next generation appraisal review solution. AQC is designed to provide lenders and AMCs a powerful solution to identify and reduce appraisal defects. As part of an overall Appraisal Quality Management program, AQC provides the independent review necessary to maintain regulatory compliance.

Subject & Transaction TypeThe appraisal dated 7/1/2014 was performed for a refinance transaction with an indicated value of $850,000. The appraisal describes thesubject as a 2005 built, 4524sf, 4br/4.1ba PUD located on a 14,810sf lot in a moderate density suburban neighborhood.

Valuation Approaches DevelopedYes No Developed Should have Comments

Sales Comparison Approach Appears Reasonable

Cost Approach Appears Reasonable

Income Approach No The omission of the income approach was adequately addressed

Deficient Category Discussion1. The material contained in the Appraisal Report is NOT complete and sufficient.

Aerial imagery indicates the subject backs to a neighborhood feeder street which serves as primary ingress/egress access for the subject'simmediate subdivision. While this influence may result in some level of external obsolescence, it is considered relatively minor with minimal ifany impact to value. This influence was not disclosed or analyzed within the appraisal analysis, however it was bracketed within theappraisal's comp selection (appraisal comp 2). Although the appraisal did not disclose this influence, it was not considered to havesignificantly impacted the overall credibility or reliability of the analysis.

3. The analysis of the comparable sales contained in this Appraisal Report are NOT reasonable.

Per MLS, the appraisal appeared to have been inconsistent in its application of view adjustments. For example, appraisal comp 1 backed tothe community golf course, and thus was adjusted -$25,000 for its superior view amenity. Conversely, appraisal comp 3 also backgolf course per MLS and aerial mapping sources with direct views, yet no adjustment was applied. Also of note, appraisal comp 5similar "Hill Country" views to the subject according to the MLS, however it was adjusted $100,000 for inferior views.

It is duly noted that marketing remarks provided in an MLS listing with regard to views can be largely inconsistent, embellished, and/orsubjective, as evidenced by appraisal comp 2's MLS view description which cites golf course views yet aerial mapping shows no cof sight to the golf course. However, the appraisal provided very limited commentary regarding these significant adjustments, and nophotos of the subject's view were provided. With view adjustments being among the few applied within the sales comparison grid,detailed accounting of the reasoning and noted inconsistencies with MLS comments would have lent a greater degree of reliability to theapplication of these adjustments and the overall analysis as a whole. Photos of the subject's view would also have lent a great deal ofsupport to the $100,000 adjustments applied to comps 4 and 5 for their reported lack of view amenities.

Overall Reasonableness, Credibility, and USPAP Compliance AssessmentAppraisal Support:

MLS research indicated that the sales and listings provided in the appraisal for comparison were among the best available at the time of thevaluation given their proximity and overall physical similarity to the subject. As noted above, minor deficiencies were noted within theappraisal analysis relating to the subject's traffic influence (minor and bracketed though undisclosed), as well as inconsistencies within theapplication of view adjustments. While the appraisal would have benefited from a disclosure regarding the subject's traffic influence, as wellas further discussion of the adjustment process relating to views, the overall analysis as a whole was deemed to have been reasonable, andthe minor deficiencies noted therein were not so severe as to materially undermine the credibility of the report or the reliability of itsconclusions.

Significant Professional Appraisal Assistance and Previous Services (Original Appraisal)The original appraiser did not report significant professional appraisal assistance was provided.

The original appraiser did not report previous services in the 3 years prior to the appraisal effective date.

Subject Sales HistoryDate Type Price Data Source Effective Date Status DOM Comment

04/02/2008 Sale $725,000 MLS 05/06/2008 Settled 63 None.

Order #67873 09/09/2014 2 of 4

LOAN NUMBER:

12345678REFERENCE ID:

ABC1234CLIENT NAME:

ABC LenderREPORT TYPE:

RefinanceSALES PRICE:

$0APPRAISED VALUE:

$850,000APPRAISER:

John SmithAPPRAISER LICENSE NUMBER:

001234REVIEWED APPRAISAL FORM/TYPE:

FNM1004EFFECTIVE DATE OF APPRAISAL:

07/01/2014PROPERTY TYPE:

PUDPROPERTY RIGHTS APPRAISED:

Fee Simple Original Appraisal Subject Photo

REVIEW DATE:

09/09/2014INTENDED USER:

ABC LenderSCOPE OF WORK:

See Attached AddendumPURPOSE OF REPORT:

Evaluate report for completeness, adequacy, relevance, appropriateness and reasonablenessINTENDED USE OF REPORT:

Post-close audit purposes and compliance with the Texas Occupations Code §1104.1

123 Main StreetAUSTIN,TX 78732

Appraisal Quality Compliance

Order Details

This analysis does not include the development of the reviewer's opinion of value.

Review AnalysisThe following is a summary of the reviewers opinions and conclusions as developed within the described scope of work:

DevelopedYes No Severity Review Description

1 MEDIUM The materialmaterialcontained in the Appraisal Report is complete and sufficient.2 The market datamarket datacontained in the Appraisal Report is adequate and relevant.3 MEDIUM The analysis of the comparable salesanalysis of the comparable salescontained in this Appraisal Report are reasonable.4 The analysis and appraisal methodsanalysis and appraisal methodsutilized in the Appraisal Report are appropriate.5 The opinions and conclusionsopinions and conclusionscontained in the Appraisal Report are credible.

If “no” is selected, any reason for the indicated disagreement is set forth in the sections below.

Assignment AnalysisThe following is a summary of the reviewers assessment about the subject, market, & assignment complexity:COMPLEXITY OF ASSIGNMENT:

MEDIUMCOMPARABLE AVAILABILITY:

MEDIUMMARKET DENSITY:

MEDIUM

Grade DefinitionGrade C Adequate: Deficiencies noted; however, any such deficiencies were not considered significant enough to impact the credibility

of the report and the risk of significant value variance appears to be moderate.

Order #67873 09/09/2014 1 of 4

C

AQC

AQC Scores BigAQC algorithm assists in recommending an A-F grade to the review appraiser based on evaluation and assignment analysis.

The Big PictureAppraisal and review details are extracted from the original appraisal and are clearly indicated on the form. When available, we’ll even extract and include the subject photo from the original appraisal.

Detailed Expert CommentaryThe independent reviewer provides in-depth commentary and analysis about valuation approaches, value assessment, and deficiencies in the original appraisal.

Beyond the Check AQC is the first solution that also indicates the severity of an infraction. This provides the tools necessary to better determine borderline issues.

Mitigating FactorsAQC produces key assignment analysis indicators that provide clues to additional mitigating factors when looking at assignment or market complexity.

Appraisal Quality Compliance




Building a Stronger Defense

Making the Grade

A Compliance StarThe AQC is a qualitative USPAP Standard 3 Desk Review. AQC exceeds the independent periodic appraisal review requirements as defined by the Texas Appraiser Licensing & Certification Board.† The AQC also provides a through assessment of USPAP compliancy. This ensures that AQC is an excellent solution for nationwide appraisal review, as part of a lender’s overall QC process.

As lenders work to reduce their loan defect rates, one strategy is to deploy a comprehensive and defensible Appraisal Quality Management (AQM) program.

As part of an overall strategy, AQC provides the robust independent appraisal review component lenders and AMCs need to escalate deficient appraisals and reduce resources utilized on appraisals that clearly make the grade.

By also leveraging Appraisal Quality Index (AQI), lenders and AMCs can more reliably identify appraisals requiring additional review. Using robust business rules and automated workflows, they form the cornerstone of an effective risk management policy.

A B C D FAQC is designed to make it easy to identify key deficiencies in the original appraisal report. With streamlined review processes, and an easy-to-understand grading system, AQC provides clarity into appraisal quality.

AQI™ scores appraisals based on hundreds of

best practices criteria to targetproblematic appraisals.

AQC supplies an independent appraisal review, providing

additional insight into the original appraisal.

As part of a valuation review cascade, you

may choose to support the review with a

suppliementary AVM, GEAR, or full appraisal.

Keeping ScoreHigh-level overview of AQC results is easy with the exclusive Summary of Findings report. This industry report identifies the strengths and concerns of a sampling. It can also be used as a stand alone report for regulators, vendor managers or department heads.

Valuation Vision is not a licensed Appraisal Management Company (AMC) in all states, and this is not a solicitation for AMC services. MVP is an appraisal product and providing these services may require that the provider meet the state regulatory and compliance requirements. Should you require an AMC, Valuation vision licenses products and technology to select AMC partners that can meet compliance requirements.

avmpro product sheet october 2016 (1)

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