The Collateral Valuation Report (CVR™)
CVR stands for Collateral Valuation Report. A Collateral Valuation Report (CVR) is an innovative, USPAP-compliant valuation product that is completed by a licensed and certified appraiser who has local market knowledge, and training sufficient to drive the powerful analytics that power the CompCruncher product. A CVR is a best of class valuation solution for lenders who need supportable values, efficient.
The Collateral Valuation Report (CVR) is an appraisal report based on CompCruncher, a 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.
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.
Bail BondsmenEstate work
Tax assessment challenges for the tax assessor and/or home owners
The CVR can be a highly attractive alternative to provide a valuation with additional analytical features in the following areas:
Replacement for BPOs, particularly for HELOCs
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
Secondary valuation in value dispute resolution and value reconciliation
Still looking for more information call us at 801 455 7696. Information from Appraisalworld.