Fast, Cost-Effective Valuation Solutions

The Commercial Evaluation Report

The Commercial Evaluation Report (CER) is a cost-effective, robust report that provides a reliable option to valuing properties. The CER is compiled from a desktop evaluation of the subject property based on public records data about the physical characteristics of the subject property and an on-site inspection with supporting photos.

Insight-Rich Reports

The CER includes an exterior inspection, photographs of the property and street scene, optional interior photos, and a description of the surrounding neighborhood. A risk rating and description are provided that documents the physical condition of the property, any necessary improvements, deferred maintenance items, and any obvious environmental concerns.

Reliable Comps

Comparable sales are collected and analyzed using quantitative analysis to form an opinion of value. The CER also features an aerial photo of the subject property and comparable sales plotted. The report includes a signed certification by the analyst/reviewer.

Features of the CER include:

Available for sales or sales/income approach to value
On-site inspection with supporting photographs
Map with the subject and comparable sales properties plotted
Well-supported comparable sales approach to value
Fully reconciled, analyst attested, and certified
All property types, nationwide coverage

Agency Compliant

The Commercial Evaluation Report meets the criteria for commercial evaluations stated in the FDIC’s Interagency Appraisal and Evaluation Guidelines.

The guidelines allow regulated institutions to use an appropriate evaluation of the real estate in lieu of an appraisal for transactions with a loan amount of $500,000 ($1 million for Credit Unions) or less, or for “business loans” of $1 million or less, where the property is used as collateral. Transaction value is defined as the amount of the loan or extension of credit, not the value of the property.

Mean Value Reports (MVR)

The Mean Value Report (MVR) features a property description from public records, an image of the subject property, a selection of three comparable sales with limited adjustments, and a weighted mean opinion of value.

This non-inspection report is ideal for lower LTV transactions, loan renewals, and portfolio management. You have the option to include images of comparable sales in your MVA report.

Features of the MVR include: