The CVR is a new breed of Appraisal

Peakview Appraisals is pleased to offer you our newest valuation product, the Collateral Valuration Report, or CVR for short. The CVR is an appraisal designed to save you time and money, and can be used for any purpose other than loan originations governed by Freddie Mac and Fannie Mae.

How does the CVR differ from an AVM?

The CVR is an appraisal. It is fully USPAP compliant and only trained, licensed appraisers are certified to provide this service to their customers.

The heart of the product is the Comp Cruncher Analytical software from AppraisalWorld®.

We are now fully trained and certified to use Comp Cruncher. This amazing tool can analyze 200 to 500 sales transactions in a few seconds. This Regression Analysis will;

• provide us the top comparable sales according to OUR specifications,
• show us the range of values added by amenities such as pools or extra garage spaces,
• and provide us with data about the current market trends.

If the software is the heart of the CVR, then the Appraisers at Peakview are the soul.

The old programmer's warning, "Garbage In, Garbage Out" still applies today. Unlike the AVMs of the world, we control the Quality and Quantity of the data Comp Cruncher gets. We start with a dump of 200 to 500 MLS closed, active and pending listings from the subject area. Usually this is about a mile radius, and 12 to 18 months sales. We then save the equivalent data from the County Tax Records which will give us accurate closing dates, sale prices, gross living areas, and site areas. Our "in house" developed software merges these two data sets into one file that Comp Cruncher can go to work on. At Peakview Appraisals, it is always "Accurate Data In, Amazing Results Out".

We also have the last word. The opinion of value given in the CVR is that of a fully qualified and licensed Appraiser, not a number spit out of the computer. It will be accurate and be developed from our knowledge of the area, our experience, and all of the data. 

How does the CVR differ from a full Appraisal?

The CVR does not use the Fannie Mae / Freddie Mac forms, however most of the information is the same. In fact, the CVR analysis is much more in depth. Fannie and Freddie restrict the use of their forms to mortgage lending transactions, but a CVR can be used by anyone else  who needs a reliable property valuation.

Why Order a CVR?

Simply put, less time and less money, just as accurate.

• New technology allows us to analyze a greater volume of data very quickly. You will have your report the within one to two business days. 
• The cost is only $125.00 for the desktop version and $175.00 for the drive-by.
• The CVR is an accurate opinion of value by a licensed Appraiser, not the computer generated value you get from an AVM. We have the final word about the real value of the property and you get the exceptional appraisal that Peakview Appraisals has always been proud to provide.