Agile Evaluation Product Details · Guidelines (IAG) standards for a condition- informed...
Transcript of Agile Evaluation Product Details · Guidelines (IAG) standards for a condition- informed...
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M T W Th F Sa Su MDay 0 Day 1 Day 2 Day 3 Day 4
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Order submitted Monday, before 2pm PST Order submitted Monday, before 2pm PST
Submitted by 2pm PST
Submitted after 2pm PST
Delivered by 5pm
Delivered by 5pm
Agile Evaluation Product Details
Take advantage of an inspection and automated valuation in one. With Agile Evaluation, you get a condition-informed, context-rich property valuation report, backed by HouseCanary’s industry-leading technology, delivered as a formatted PDF, Excel/CSV file, or direct-access API.
What do you get with HouseCanary Agile Evaluation?
We have designed Agile Evaluation to meet Interagency
Guidelines (IAG) standards for a condition- informed
evaluation. Clients should refer to the IAG and consult their
compliance specialists to ensure that the intended use of
Agile Evaluation aligns with regulatory guidance.
Regulatory alignment
Your Agile Evaluation will be delivered in four business days, with 2-day and 3-day rush delivery available. Orders must be placed
before 2pm PST; after 2pm, processing will begin on the following business day. Orders will be fulfilled by 5pm PST on the due date.
Rapid turnaround and rush options
Grids for listed and sold comparables are pre-populated with
the latest MLS and public records and use our in-depth
analytics and proprietary Similarity Score. Gross adjustments
to property data are based on regression models that use
local market analyses to fine-tune each adjustment. Outliers
are manually reviewed by in-house Quality Control personnel,
who may add, edit, or adjust comps as necessary.
Richly detailed comp grids
Exterior inspections provide brand new subject
photos from all angles of the property, as viewable from
public space. Interior inspections include interior photos of all
rooms. We also provide selected MLS photos for the subject,
comparable sold properties, and competitive listings.
Subject and comp photos
Only properties of supported types with sufficient data to
support high-confidence valuation are eligible for Agile
Evaluation. We currently provide Agile Evaluation for more
than 65% of US housing stock, tracking significantly higher for
properties with recent market activity.
High standards for uniform results
© 2019 HouseCanary, Inc. All rights reserved. www.housecanary.com
Condition-informed home evaluations delivered in days
Inspector Evaluated Property Conditions
C6 C5 C4 C3 C2 C1Property Values
Stable
Sale Price/Listing Price
98%
Typical DOM
45 Days$340,000HouseCanary Value
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Order submitted Onsite inspection
Agile Evaluation delivered
Manual review
Model updated with inspection
How it works
Agile Evaluation vs traditional BPO
Address check
Automated quality check
Automated quality control
Pass
Fail
Onsite property reviews are conducted by carefully
vetted industry professionals. Our inspection partners
ensure compliance, including verifying qualifications and
requiring recent background checks for field
representatives performing inspections.
Trusted third-party inspectionAll inspections and valuations undergo a series of
automated quality checks, which may raise flags for
human review. Human ingenuity complements our
technology by correcting input errors, resolving data
conflicts, and examining comp selection for
nonconforming properties.
Rigorous quality control
BPO Agile Evaluation
Property value estimate and conditon rating
Land value, as-is value, list price estimate, and forecast
MLS photos of sold and listed comparables
FEMA disaster, flood, and SuperFund information
Transaction history and DOM
Comp front view photos
Neighborhood market trend
Average turnaround time 5 business days 4 business days
© 2019 HouseCanary, Inc. All rights reserved. www.housecanary.com
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Technical specifications
© 2019 HouseCanary, Inc. All rights reserved. www.housecanary.com
Language:
System:
Valuation context:
Supported property types:
Value conclusions:
Order types:
• English
• Amazon Web Services
• HouseCanary’s Order Manager
• Transaction history including days on market (DOM)
• Comparability to market in beds/baths, age, gross living area (GLA), and site area
• Price range for neighborhood
• Single family residential
• Multi-family residential
• Condominium
• Townhouse
• Manufactured/mobile
• Agile Evaluation - Exterior Inspection
• Required information:
• Agile Evaluation - Interior/Exterior Inspection
• Required information:
◦ Street address and either ZIP code or city + state
◦ Street address and either ZIP code or city + state
◦ Inspection contact name, email, and phone number
• Condition-informed AVM value
• Land value
• As-is/quick sale value
• List price estimate
• Price forecast for the next three years
• Comparable home price trend
• Market index
Risk data:
3rd party property inspection report:
Sold and listed comparables:
Supplemental Information
Order upload formats
Output formats
Market context:
• FEMA flood zones
• FEMA disaster areas
• Superfund sites
• Industry-standard condition C-rating
• Condition notes and comments
• Evidence of occupancy
• Address verification photos
• Inspection photos of street and subject from all angles as viewable from public space
• For interior inspections: photos of every room interior
• Selection of MLS photos
• MLS descriptions
• Selection of MLS photos
• Sale price, status, sale type, GLA, beds/baths,
• age, site area
• Map showing median $/square foot on block
• Glossary of terms
• List of HouseCanary’s data sources
• Explanation of condition C-ratings
• CSV
• JSON
• PDF reports with your branding
• JSON
• REST API integration
• Months of supply for ZIP code
• DOM for ZIP code
• Sale/list price ratio for ZIP code
• One-year risk of decline for MSA
About HouseCanary
Founded in 2013, HouseCanary is a real estate technology company providing the most accurate home valuations to drive smarter
decisions across the real estate ecosystem. Clients include leading institutional investors and lenders who trust HouseCanary’s
products to fuel acquisition, portfolio management, underwriting, and other processes.
HouseCanary can be found at housecanary.com.www.housecanary.com