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?
MarketValue Pro (MVP) is powered by the innovative Clarocity™ Valuation Platform that simultaneously engages and coordinates multiple vendors to create the final appraisal report. For MVP RE, a licensed real estate agent 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 integrated valuation tools, the appraiser analyzes the local market and subject data, selects comparables, provides qualitative analysis and estimate of market value.
MVP is designed from the ground up to help lenders cost-effectively stringent regulatory requirements. 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 is available in several different cost-effective configurations designed to meet your inspection needs. Whether it’s for loan servicing, origination, or equity lending, Clarocity Valuation Services has the right alternative appraisal solution for you.
† Interagency Appraisal and Evaluation Guidelines (December 2010), Section XIII, “Evaluation Content”