RicherValues

Residential Real Estate Valuation Data Software

Our software provides robust valuations within seconds, which include as-is value, multiple ARVs, and renovation cost estimates. The system identifies the most profitable renovation strategy based on this data, and allows clients to further underwrite with a fully transparent and interactive platform.  Ideal for both lenders and investors.

We also provide additional products including Desktop Reviews, Inspections, Full Service Reviews and Property Risk Reports.  Many of these additional products are popular among mortgage note investors.

YOU CAN’T AFFORD NOT TO HAVE THIS INTELLIGENCE.

You can’t afford to continue operating in the dark. Let us shine a brighter light on your properties for you!

• Automated Values
• Desktop Reviews
• Full Service Reviews
• Property Risk

Investors: You could be missing deals, overspending on your rehab, holding onto properties too long, and LOSING PROFITS!

Secondary Market: You’re paying too much for diligence without getting the accuracy you need, and nobody is showing you the true risk at an asset-level.

Lenders: You could be failing to identify the mismatch between borrower renovation SOW and the proposed ARV, thereby exposing you to unnecessary investment risk.

Servicers and Asset Managers: You could be hurting your IRR and client recoveries, limiting your value and growth potential! Overspending, underspending, overpricing, or underselling can all have a significant impact on your portfolio returns.

AUTOMATED VALUES

Instant Intelligence. Deeper Understanding.

Automated Values, with access to an interactive UI for review, customization, and saving your own opinions of value on every asset.

BENEFITS:

• Accuracy: Empirical data shows that our system produces results within 15% of actual sales prices for 94% of properties across 130+ markets in 40 states.
• Transparency: Complete transparency to all comps, images, property data, and other information.
• Interactive Underwriting: As great as the automated accuracy is, we’re not perfect!  We built the system to enable ultra-fast interactive underwriting, and we encourage every client to review, adjust, and/or customize the underwriting on each asset.

APPEALS TO: 

• Asset Managers
• Lenders
• Investors
• Property Managers
• Servicers
• Scaled firms with internal underwriting staff

REPORTS INCLUDE:

• As-Is and ARV values at multiple levels of renovation
• Estimated renovation budget at each level
• Identification of the optimal rehab strategy
• Full transparency to all comps and images
• Ability to modify, adjust and refine the underwriting
• Print final results to PDF and save

TURNAROUND: 30-45 seconds

DESKTOP REVIEWS

A Fraction of the Time. A Fraction of the Cost.

Automated Values + Expert Review by RicherValues’ expert underwriters. End product is a completed report with all components from the Automated Reports.

BENEFITS:

• Accuracy: Empirical data shows that our system produces results within 15% of actual sales prices for 94% of properties across 130+ markets in 40 states.
• Speed: Determine your conclusions 75-90% faster.
• Transparency: Complete transparency to all comps, images and information.
• Expertise: Human review, adjustments, and underwriting by valuation experts and/or real estate agents to verify and validate the numbers and comps within the report.

APPEALS TO:

• Servicers
• Asset Managers
• Firms without internal underwriting staff or who wish to use third-party reports

TURNAROUND: 48 hours

FULL SERVICE REVIEWS

Full Property Inspection. Comprehensive Intelligence.

Automated Values + Inspections (interior or exterior) + Desktop Review = a full-service BPO-replacement…for a FRACTION of the cost!!

BENEFITS: 

• Accuracy: Empirical data shows that our system produces results within 15% of actual sales prices for 94% of properties across 130+ markets in 40 states.
• Speed: Determine your conclusions 75-90% faster.
• Transparency: Complete transparency to all comps, images, property data and other information.
• Expertise: Human review, adjustments, and underwriting by valuation experts to verify and validate the comparables, valuation estimates, and renovation costs provided within the report.
• Inspection: Verified property condition with interior or exterior property inspections, anywhere nationwide.

APPEALS TO: 

• Servicers
• Asset Managers
• Note Buyers
• Whole Loan Trading
• Firms without internal underwriting staff or who wish to use third-party reports

TURNAROUND: 3-8 days, depending upon client urgency and requirements

PROPERTY RISK

Non-conforming properties can take longer to sell and can bear more risk. Analysis on whether the Subject Property is conforming with the neighborhood and nearby sold comps.

BENEFITS:

• Objectivity: A pure, quantitative assessment of the subject property.
• Conformance: Flag whether the subject property is conforming or non-conforming within the neighborhood and hyper-local search radius.
• Hyper-Local: As with everything we do, we focus on a hyper-local area for every property, in contrast with other platforms which focus on the zip-code level and/or areas even larger.
• Risk Management: Understanding the full context of the subject property versus the market is an important step in managing risk.

APPEALS TO:

• Lenders
• Investors
• Note Buyers
• Asset Managers

TURNAROUND: Milliseconds