Two new property-valuation services layer the use of a licensed appraiser on top of an automated valuation model or broker price opinion to get a more accurate reading.
One, from AppraisalWorld of San Jose, is called the Collateral Valuation Report. AppraisalWorld is teaming up with Forsythe Appraisals LLC of St. Paul to train appraisers in its use. The primary test market for the service is Florida; the goal is eventually to have more than 4,000 appraisers trained nationwide.
First American Valuation and Property Solutions, a Dallas unit of First American Corp. of Santa Ana, Calif., calls its offering the Appraiser-Validated Price Opinion.