For lenders seeking solutions beyond traditional appraisals, NAN offers a variety of Alternative Valuation products so you can always choose what best suits your collateral underwriting needs.
What Alternative Valuation products does NAN offer?
ACE + PDR (Freddie’s Waiver + PDR)
Collateral offering that permits the lender to use a property data report (PDR) inlieu of an appraisal.
Value + Inspection Report (HELOCs)
Automated valuation model (AVM) with an onsite property inspection and deep contextual data.
Property Condition Report (PCR)
Designed to assess the physical condition of a property by conducting a limited walk- through survey.
Broker Price Opinion (BPO)
A BPO is typically completed by a real estate broker or agent and is not required to conform to USPAP or state appraisal law.
Commercial BPO (CBPO)
A CBPO requires two approaches to value: a Market Approach and an Income Approach which calculates income projections.
Commercial Sales Comp. Eval (CSCE)
A CSCE simply utilizes a Market Approach to value based on 3 Sales and 3 Listings of properties with similar Functional Utility as the subject
Automated Valuation Models (AVM)
Statistically based computer programs that use information such as comparable sales and price trends to provide estimate of market value.
Appraiser-assisted Automated Valuation Model (AVM). This product is often used to review existing AVMs with lower confidence scores.
Times are changing and appraisal modernization is creating more efficient ways of performing property valuations. We have compiled a list of our alternative valuation product offerings above.
Click on each product or solution above to learn more about:
- Use Cases
- Turn Times
- How to Place an Order