FNF Unit Offers More Complete AVM Score

Jacksonville, Fla.-based Hansen Quality, a division of Fidelity National Financial, has launched PRO Value, a service that analyzes overvaluation risk on residential appraisal reports and provides an independent, AVM-derived collateral value that is reviewed and certified by an expert appraiser.The service is designed to be used in the origination phase as a substitute for desk reviews or in the due diligence process for whole loan purchases, according to the company. PRO Value assigns an overvaluation risk score after evaluating factors associated with an appraisal report, such as unique property attributes, below average condition, negative external influences, and inappropriate comparables. From there, a review appraiser chooses an accurate automated valuation model value from a selection of three or four AVM models, including an appraiser-assisted model. The company said the final PRO Value report includes the overvaluation risk score, the reviewed AVM value, and commentary summarizing the review appraiser's analysis. The FNF family of companies can be found online at http://www.fnf.com and http://www.fidelityinfoservices.com.