Data Analysis For Reviewers
As an invaluable tool for detecting potential appraisal errors, Savvi technology alerts the reviewer or underwriter to analysis integrity.
Savvi automates appraisal analysis with an innovative, rules-based engine, providing a first-level comprehensive review of each comparable. While other industry tools may check for form filling errors, Savvi checks for the quality of the analysis.
With a simple click, you can visually compare the appraiser’s selected comps to recent sales from the MLS and confirm their existence and validity. The application maps the subject property, comps selected by the appraiser, other possible comps, and recent foreclosures. Because all properties are mapped, you’ll quickly see where comps are located in relation to the subject property.
QC can help you answer the following questions:
Does the appraiser-supplied data reasonably comply?
Are the appraiser-selected comps really comparable to the subject?
Savvi can also be used to help catch inaccurate value to help in rebuttal by ensuring the best comparables and the correct adjustments are selected before loans are submitted to capital markets and investors.
Why just settle for the final value when you can have the entire file? When it comes to mitigating risk you need the complete analysis. Savvi Vault stores all of the full analysis in one place for easy access. If your analysis is ever questioned, simply request the data from our vault. Starting from the data analyzed by the appraiser to the complete testing of the data with the final report. When it comes to mitigating risk make sure you have all data and analysis you need.
One Data Set, One result
The power of using the same data
Using the Savvi platform, you can share the data and complete analysis. If you are working with appraisers that already use the Savvi platform, or are looking to have your existing appraisal panel become more efficient, Savvi has the answer. One data set, One result. Having access to appraisers that use the Savvi database gives you full control of the valuation process.
Testing the analysis behind the report
Savvi’s Value Analysis Report
Test your file:
Load your appraisal “mismo file” and see if a deeper analysis supports the final estimated value. Savvi applies supportable adjustments to the selected comparables of the appraiser to determine the accuracy of the final value
Having a 4th approach to value to support your final value can make a big difference when it comes to mitigating risk or validating the final value.
No other software in the industry checks the adjustments in the report like Savvi.
Checking the math “adjustments” behind the report is the most important part of the appraisal when it comes to due diligence.
Receiving an over or under valued appraisals can cost you! With Savvi, you will close more loans while mitigating risk.
To find out more about our automated data analysis system