Real Estate Valuation Solutions for Credit Unions

Credit Unions

Jul 06, 2023, 22:50 ET

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In a recent post, we wrote about NCCI’s 3-All-in-One AVM Service. It allows our customers to simply log in, submit an address and download a valuation report – all in less than 5 minutes and at a price point they can afford.

 

This was important to us because we kept hearing about innovative new solutions our technology partners were developing but were frustrated that they were pricing these new offerings much higher than many of our clients could afford.

 

We understand why this happens. These large technology developers sink a lot of resources into their products and their first target market is the largest financial institutions.

 

We wanted to find a win-win that would put these products into the hands of the institutions that need them now at a price that was workable. That led to our partnership with RELAR and Quantarium.

 

The offerings in NCCI’s 3-All-in-One AVM Service

It was our desire to offer a complete valuation solution to our credit union clients. Our new partners have helped make this possible.

 

RELAR is the industry's leading predictive technology. It provides the only AVM that “predicts when a buyer will arrive in time & what they will pay” along with today's value. It also provides property level indices, 30, 60, 90 short sales values.

 

Quantarium is the provider of the industry’s No. 1 ranked AVM model. The company’s collateral reports include: Value, Confidence Score, LTV, Equity, Comparable, Voluntary & Involuntary Liens, Owner Occupied Lien Balance, Property GLA, Assessment & Tax, Last Sale, 5yr Value History, Comparable Sales & Listings, Listing History & Market Indices.

 

Together with the reports our credit unions are used to receiving from our national network of on-the-ground agents, these products make up a complete valuation solution.

 

So far, users of our new 3-All-in-One AVM service have described it in the following terms:

 

INSIGHTFUL

Through constant advanced machine learnings, we can extract deeper data insights, quickly and efficiently.

 

PREDICTIVE

The only valuation model that predicts price and time on market along with satellite and map-imagery analysis

 

CALIBRATED

Continuously evaluating the coefficients associated with each AVM variable to ensure current market fluctuations are reflected

 

QUALITY

Our process is unbiased and independently tested to help ensure the reliability of our model outcomes

 

MEASURABLE

Our reports predicts both price and time to sell and expected ranges for both numbers to support regulatory requirements

 

PROVEN PERFORMANCE

We measure performance based on current and calibrated data based on required data points are from transactions across various geographic markets

 

We’re very excited about this new partnership and the resulting offering as it makes new valuation products available that even the smallest financial institutions can afford. To find out more about this or any of NCCI’s offerings, contact us today.

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