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""DataQuick"":http://www.dataquick.com/ launched a valuation tool to help portfolio risk managers with correctly assessing default and loss severity risk. CMV-Portfolio is a flexible, automated valuation tool that uses confidence scores and configurable business rules to optimize portfolio risk management decisions.
[IMAGE] [COLUMN_BREAK]To give users more assurance in their portfolio decisions, each CMV-Portfolio property value is delivered with a confidence score, indicating the level of accuracy associated with the value together with a Forecast Standard Deviation, which represents the probability that the CMV-Portfolio valuation falls within a statistical range of the actual market value, measured against a sale price.
""It's not enough to just have a valuation attached to a property,"" said John Walsh, president of DataQuick, in a company release. ""How likely is it to be an accurate estimate? Is the valuation supported by recent sales? Does the score demonstrate confidence? Is the property an outlier in its community, skewing automated results? All of these questions can cast doubt on a valuation, and risk managers need insight into these factors to ensure the best business decision.""
CMV-Portfolio bases its value estimates on input from four diverse sub models and allows users to specify the desired accuracy level based on the requirements of individual portfolios.
San Diego-based DataQuick is a provider of advanced real estate information solutions powered by data, analytics and decisioning.
