Equi-Trax Asset Solutions LP has announced the release of its new hybrid collateral valuation product, Property Inspection Condition Report With Automated Valuation (PICR-AV). The new offering combines a leading automated valuation model (AVM) with a live inspection to provide the industry’s best risk mitigation solution for the price.
“We are excited about this new offering because we believe it is the most comprehensive collateral valuation solution for the price available on the market today,” said Guy Taylor, chief executive officer of Equi-Trax. “Because a property’s condition and its ultimate market value are so closely linked, it makes sense for us to create a valuation model that includes sufficient information on both.”
PICR-AV combines Equi-Trax’s national property inspection force with a suite of automated collateral valuation products that is in line with Dodd-Frank Act requirements. The cascade includes six options of valuation models that can be selected to examine factors of property information and deliver an accurate valuation in seconds. The new product offers:
►An instant, simple, and accurate value verification tool
►Boots on the ground inspection effectively limits risk
►Easily access values provided by up to 12 additional AVMs
►Offers access to a customized AVM cascade
►Nationwide coverage and ample data volume
►Fully-compliant with federal guidelines
►Valuation data for more than 146 million properties, 99.8 percent of the U.S. population
Equi-Trax is also making available a version of its property and market condition report that is warranted. The warranted PMC combines an AVM with a current view of the subject and neighborhood condition, and it’s backed by insurance coverage from a carrier rated “A” by AM Best. The product complies with the latest inter-agency guidelines. Equi-Trax offers property inspections and valuation products nationwide.
