trivalu presentation
DESCRIPTION
TriNovus' alternative to a full appraisal - AVMS, BPOs and Appraiser Desktop AppraisalsTRANSCRIPT
TriVALU
Alternatives To A Full Appraisal
TriVALU
• When Can You Use TriVALU?– According to regulatory agencies, an
Automated Valuation Model (AVM) is suitable as a substitute for a full appraisal when:• The transaction has a value of $250,000 or less• Involves an existing extension of credit at the
lending institution (provided that: (i) there has been no obvious and material change in the market conditions or physical aspects of the property that threaten the adequacy of the institution's real estate collateral protection after the transaction, even with the advancement of new monies; or (ii) there is no advancement of new monies other than funds necessary to cover reasonable closing costs.)
TriVALU
• Delivers a quick and accurate method for valuing collateral at a fraction of the price of a full appraisal
• Built to support not just metro areas, but community lenders servicing rural areas
TriVALU
• How Does It Work?– Our trained professionals review
multiple models to ensure that the AVM you receive is best suited for the subject property, thereby generating the most accurate value
– Results are delivered to your desktop within a matter of hours
TriVALU
• What Will I Get?– Your report will have 3 to 5 comparable
sales used in the value calculation• Sales are within 12 to 18 months• Within 20% of the subject property’s square
footage• No further than 1 to 1.5 miles of the subject• Majority will contain map with subject location
and that of comparables
TriVALU
• If an AVM is not available– Another option is the Broker Price
Opinion (BPO)• An evaluation completed in the field by
licensed real estate agent• Contains elements of a basic drive by
appraisal
TriVALU
• With A BPO You Receive– Three comparables– Neighborhood commentary– Photo of the subject
TriVALU
• BPO’s are completed within 48 to 72 hours after requested
• Significantly less than a full appraisial
TriVALU
• Appraiser Desktop Appraisal– Completed and signed off on by local
appraiser in the subject area– Less expensive than a full appraisal
TriVALU
• With A Desktop Appraisal You Receive– At least three neighborhood
comparables– Neighborhood information– Neighborhood trends– Note: this does not provide pictures
TriVALU
• Pricing–With TriVALU you pay for only what you
use– Search as often or as little as you like– You are only charged when results are
delivered
