Appraisal Alternatives 

• Fueled by "Best-in-Class" property information resources such as LPS' proprietary real estate database and internal appraisal reports, neighborhood housing profiles and tax records
• Industry-proven statistical valuation techniques developed and tested over a 20-year period by an internal staff of real estate economists
• Real property and sales deed data gathered from 1,100 counties, representing 85% of property ownership nationwide
• Quick and reliable automated estimations of residential property values within minutes, delivered via a dedicated Web site
  

Quick Collateral Evaluation (QCE)

• Independent desktop valuation, which utilizes input from multiple AVM providers, as well as available raw data
• Correlation between AVM conclusions and raw data points are reviewed on-line by a qualified real estate analyst
• Multiple data points reduce risk of errors associated with single AVM data conclusions
• When available data does not permit a value conclusion, the QCE is electronically upgraded to a drive-by or interior property inspection, depending on client credit risk policy
• The QCE is not an appraisal and does not include (a) a physical inspection of the exterior or interior of subject property, or (b) photographs of the interior or exterior of subject property

Field Asset Verification (FAV)

• A drive-by property evaluation of residential real estate, performed by a licensed real estate agent or appraiser
• The FAV combines the field agent's drive-by opinion of value with a supporting nearby comparable sale and other available public information about the subject property
• The FAV is not an appraisal and does not include (a) a physical inspection of the interior of subject property, or (b) photographs of the interior or exterior of subject property

Property Evaluation Report (PER)

• A property evaluation of residential real estate performed by a licensed real estate agent or appraiser
• The PER is based upon a direct sales comparison approach
• The field agent value conclusion is supported by three nearby comparable properties that have recently sold and public records information
• The PER comes as an interior (PERi) or exterior report, with or without photos
• The PER is not an appraisal

Broker's Price Opinion (BPO)

• Provides subject property verification
• Determines current condition of subject exterior
• Assesses neighborhood property trends
• Determines typical marketing time
• Summarizes and compares closed sales and competitive listings to subject property
• Provides an estimated value for subject property containing either probable sales price or suggested list price
• The BPO comes as an interior (BPOi) or exterior report, with or without photos
• The BPO is not an appraisal

For more information, please visit www.lsi-lps.com