Loan originators and servicers need an instant, reliable point of sale tool to validate a seller’s price opinion. FNC’s Valuesight gives you sales price information as recent as the past 48 hours for five comparables. You’ll also see a range of low, medium, and high values for a property based on real market activity, helping you make quick, accurate decisions.
Valuesight is also useful for HELOC loan production. Additionally banks may want to offer the Valuesight service to brokers and borrowers from public websites.
How Does it Work?
Users enter an address and Valuesight returns a map with the subject and the top-five ranked comparable sold properties selected from FNC’s National Collateral Database™ (NCD). The comps are ranked according to their similarity and distance to the subject property, and age of sale—an accurate measure designed by FNC’s in-house appraisal, subject matter, and real estate experts.
With Valuesight, you’ll quickly be able to assess recent area sales. Area sales are tiered to represent the newest, closest, and most similar comparable properties, properties which are similar or dissimilar based on characteristics, age, and time of sale. The product includes a description of the Comp-Tier ranking system and characteristics of each property, all easily accessed with a single click.
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