DataQuick Launches Valuation Tool to Optimize Portfolio Risk Management Decisions

by 07 May 2012

Flexible, high-quality tool reduces risk, promotes valuation confidence


SAN DIEGO, May 7, 2012 – As portfolio risk managers diligently work to correctly assess default and loss severity risk, they need intelligence that goes beyond simple property values.   San Diego-based DataQuick, a provider of advanced real estate information solutions powered by data, analytics and decisioning, has released CMV-Portfolio, a flexible automated valuation tool that uses confidence scores and configurable business rules to optimize portfolio risk management decisions.

            To provide users a higher level assurance in their portfolio decisions, each CMV-Portfolio property value is delivered with a confidence score, indicating the precise level of accuracy associated with the value together with a Forecast Standard Deviation (FSD), which represents the probability that the CMV-Portfolio valuation falls within a statistical range of the actual market value, measured against a sale price.

            “It’s not enough to just have a valuation attached to a property,” said John Walsh, president of DataQuick. “How likely is it to be an accurate estimate? Is the valuation supported by recent sales? Does the score demonstrate confidence? Is the property an outlier in its community, skewing automated results? All of these questions can cast doubt on a valuation, and risk managers need insight into these factors to ensure the best business decision.”

            CMV-Portfolio calculates a more accurate valuation by basing its value estimates on input from four diverse sub models. And unlike most AVMs, users can specify the desired accuracy level based on the requirements of individual portfolios. Allowing risk managers to have full control of accuracy and hit rate enables CMV-Portfolio to be more widely used across the organization, generating a higher value enterprise wide.

“CMV-Portfolio provides risk managers with the highest possible level of property valuation, but most importantly, the peace of mind that the provided values are accurate and can be fully trusted,” Walsh said. “This confidence leads to the best results possible– highly effective and accurate portfolio review decisions and reduced risk.”


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