Magellan’s intelligent cascading engine can be customized to your specifications. By fine-tuning your rules, you get results that are fast and accurate.
- Magellan Intelli-AVM Higher hit rates for AVM reports that meet your guidelines
- Fast loading AVM reports – most AVM’s returned in 3-5 seconds
- Standardized AVM report formats for easy comparison
- Instant access to leading AVM vendors
- Ability to quickly and autonomously change your cascading rule at any time
- Solid risk management with insured valuation reports
TrueRisk report is a suite of valuation tools to reconcile the true value of properties nationwide through transparent logic and risk alerts powered by a robust database of recent property records.
- TrueRisk is powered by both 100+ million nationwide closed sales records and MLS data with a nationwide coverage of approximately 75%
- Available access to MLS listing detail comments (limited areas)
- Comparable sales and MLS listings are scored (“CompScore”) to reveal the most suitable comparable sales relative to the subject
- CompScore reveals how well the appraisal report’s comparable data ranks among other available market comparable sales. Determines if the appraiser selected the best comparable sales and, if not, which comparable sales are considered more appropriate and why
- Provides details and deed transfer history for the subject property and nearby sales, enabling you to drill down and research potential valuation and/or fraud issues
- CompAnalysis report is an automated desk review that enables you to reconcile the true value of the comparable sales and the subject
- TrueRisk is integrated with Google Maps and Virtual Earth with interactive features that enable you to further drill down into the market comparable sales, including being able to view satellite, street level and Bird's Eye images
Valuation reconciliations assist in identifying potential misrepresentation in appraisal reports and other valuation products. Licensed real estate appraisers review multiple valuation products and other public record data to determine reliability of reports provided and render an opinion as to which value is most reliable.
- Review of multiple residential property valuations
- Determine if appropriate methodologies were used
- Identify any apparent risk factors
- Determine most reliable valuation
- Provide additional data to support conclusions (if available)
- Provide an opinion of the most reasonable value
Cost savings alternative to full appraisal reports, providing accurate and timely valuations. Drive-by reports include an estimate of current and or retro market value.
- Exterior inspections only
- Summary appraisal format
- Current or retro values provided
Quality assurance reviews performed on completed appraisals for the purpose of verifying that the market value opinion was compliant with relevant USPAP provisions, applicable state laws and regulations. Review products can be tailored to meet the needs of the client.
- Reviewed whether opinion of value is reasonable and appropriate methodology used
- Verification of sales prices and subject data verified
- No exterior or interior inspection of subject or comparable sales
- No opinion of value is given
- Reported results on Safe Harbor Solutions proprietary form
- Reviewed whether opinion of value is reasonable and appropriate methodology used
- Verification of sales prices and subject data verified
- No exterior or interior inspection of subject or comparable sales
- Opinion of value given with three comparable sales (if available)
- Reported results on Safe Harbor Solutions proprietary form
- Performed by an appraiser licensed in the specific state
- Reviewed whether opinion of value is reasonable and appropriate methodology used
- Verification of sales prices and subject data verified
- No exterior or interior inspection of subject or comparable sales data
- Opinion of value given with three comparable sales (if available)
- Reported on National Association of Review Appraisers and Mortgage Underwriters (NARA) Review Form No. 2006
- Exterior or interior inspections available
- Reported on Fannie Mae Form 2000 (SFR’s)/2000A (Units)
- Current and or Retro Field Review options
- Standard or Standard Enhanced Review options
- Standard Review – No additional sales data provided (value supported only)
- Enhanced Review – Additional sales data provided (if available)
- Standard Field Reviews are escalated to Enhanced Field Review if value is not supported in the original appraisal report.
Includes on-site inspections of the subject property from single-family homes to multi-family 2-4 residential units.
- Summary appraisal format
- USPAP compliant
- Standard Fannie Mae & Freddie Mac forms available
- REO appraisals available
- Forensic Appraisals
- Legal Uses
Narrative and form type reports available for all commercial and industrial use properties.
- Form Reports (FNMA 71A, FNMA 71B, & UCIAR)
- Narrative Reports (Restricted, Summary, & Self Contained)
- Legal Uses
- Mortgage Purposes