Dart Appraisal, an independent appraisal management company, recently announced its collaboration with HouseCanary, a San Francisco-based real estate data analytics company. Through this collaboration, Dart Appraisal will offer The Value Report, a new valuation product to its lender clients.
The Value Report provides an on-demand valuation, risk assessment and market data for a single property or entire portfolios.
“At Dart Appraisal, we're always striving to offer the most unique and efficient products that meet our partners' needs,” said Michael Dresden, President of Dart Appraisal. “The Value Report is a modern option for lenders who want to value their portfolio, or who need a quick valuation on a property that provides more detail than a standard Automated Valuation Model.”
The Value Report delivers comprehensive property details, including its sales history and a suitability score, ranking the subject property against its 10 closest, algorithmically selected comparables. Lenders will also receive an understanding of the local market, as well as a three-year value forecast for both the subject property and the market environment.
“HouseCanary measures price movements on every residential block in the country, allowing for precise home valuations,” said Jeremy Sicklick, HouseCanary CEO. “Our algorithms combine 40 years of history, one billion residential transactions and hundreds of proprietary calculations influencing home values, providing lenders a modern way to accelerate loan origination and underwriting. We’re excited to work with Dart Appraisal to meet the new demand.”