Why was CompCruncher created?
CompCruncher was created to help appraisers provide a comprehensive and accurate valuation product, at a cheaper price and a quicker turnaround time than the traditional FNMA appraisal report. Appraisers are the only trained and certified experts in real estate property valuation, and are central to any property valuation service. Realtors and real estate brokers are marketers; they are not trained nor are they experts in any type of real estate valuation. Therefore the CVR is a much more comprehensive and accurate valuation tool for lenders to base underwriting decisions on, than are the Realtor’s Broker Price Opinion (BPO) or Automated Valuation Module (AVM), products which pale by comparison.
