Appraiser Comparable Sales Selection Message

Collateral Underwriter’s comparable sales selection model is one feature that makes Collateral Underwriter (CU) unique. The model leverages the database of appraisals.

CU ranks the appraiser-provided comparables against the pool of available sales from our repository of appraisals by weighing time, distance, and physical similarity. CU does not rely on arbitrary rules or assign a fixed weight for these factors, but instead uses advanced statistical analysis to derive market specific results for every appraisal, as the significance of each factor may vary from market to market and may change over time.

The Comparables page displays the appraiser-provided comparables alongside the top model-ranked sales. The sale that requires fewest adjustments (as determined by the CU adjustment model) is ranked highest (#1), and other sales are listed in descending order based on the quantity of model adjustments. If the comparables selected by the appraiser are ranked substantially lower than the model sales, CU will display a comp message.

NOTE: CU scores the comparable selection as of the effective date of the appraisal. Sales transactions that take place after the effective date of the appraisal are not considered by the model.

See the Comparable Sales Message page for an example.