Agile Evaluation Product Details · Guidelines (IAG) standards for a condition- informed...

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PDF M T W Th F Sa Su M Day 0 Day 1 Day 2 Day 3 Day 4 M Day 0 T Day 1 W Day 2 Th Day 3 F Day 4 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 C1 Property Values Stable Sale Price/Listing Price 98% Typical DOM 45 Days $340,000 HouseCanary Value

Transcript of Agile Evaluation Product Details · Guidelines (IAG) standards for a condition- informed...

Page 1: Agile Evaluation Product Details · Guidelines (IAG) standards for a condition- informed evaluation. Clients should refer to the IAG and consult their compliance specialists to ensure

PDF

M T W Th F Sa Su MDay 0 Day 1 Day 2 Day 3 Day 4

MDay 0

TDay 1

WDay 2

ThDay 3

FDay 4

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

Page 2: Agile Evaluation Product Details · Guidelines (IAG) standards for a condition- informed evaluation. Clients should refer to the IAG and consult their compliance specialists to ensure

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

Page 3: Agile Evaluation Product Details · Guidelines (IAG) standards for a condition- informed evaluation. Clients should refer to the IAG and consult their compliance specialists to ensure

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