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 Evaluations 

 

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

Comparative Market Analysis (CMA)

  • Helps mortgage servicing companies understand subject property condition, and the characteristics of the subject property and local housing marketplace and that affect home value

Desktop Property Evaluation (DPE)

  • A desktop evaluation of residential real estate performed by a qualified real estate professional
  • Combines the speed and convenience of a desktop evaluation and the local market knowledge of the assigned field agent
  • Based on a sales comparison approach; three nearby comparable sales and public record information support the value conclusion; not an appraisal and does not include a physical inspection of the subject property, or photographs of the 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

Natural Disaster Condition Report (NDCR)

  • A drive-by property inspection of residential real estate performed by a licensed real estate agent or appraiser
  • Can be coupled with any desktop product to produce a low cost solution for physical verification and condition of an asset
  • NDCR may include indications that the subject may be in an area affected by a natural disaster -- such as a flood or fire -- along with indications of degree of damage

Property Condition Report (PCR)

  • Fast, objective property condition inspections you can trust
  • Helps mortgage originators and lenders to quickly verify subject property condition and conformity to the immediate neighborhood
  • Uses our national network of 15,000 real estate professionals and appraisers

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

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



   

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