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.

CVR Use

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.

Here are some suggestions for the great use of the CVR across the valuation market-

Bail BondsmenEstate work

Divorce disputes

Tax assessment challenges for the tax assessor and/or home owners

Forensic appraisals

Legal work

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

Quality assurance

Secondary valuation in value dispute resolution and value reconciliation

Still looking for more information call us at 801 455 7696.  Information from Appraisalworld.