EVR is Australia's leading desktop valuation report prepared by a bank-approved valuer following a systemised, proven and prescribed methodology. It is a low-risk, low-cost, auditable security assessment with accuracy levels generally equivalent of full valuations.

Use EVR to:

• Get a valuation within one business day for faster turnaround.
• Get flexibility and additional options by ‘cascading’ to either Physical Inspection or 'Short Form' full valuation.
• Reduce risk thanks to:
• Data being sourced from Australia’s largest residential property data source.
• Photographs / imagery from multiple sources.
• ‘Customer Call’ process being available for full verification of the data and imagery.
• Valuer 'Property and Market Risk Assessment' being conducted (as in a 'Short Form' full valuation).
• The lender determining what property and loan criteria they will accept an EVR for.
• Ensure accuracy thanks to the EVR audit process, which confirms:
• Accuracy of the data presented in the EVR report;
• Accuracy of the imagery presented in the EVR report; and
  
• Valuer feedback and comments that support the assessment value provided in the report.
• Reduce stakeholder influence as valuers don’t speak to brokers, lenders or real estate agents with an interest in the property’s value or loan approval.
• Ensures that only the valuation firms a lender approves are performing EVRs for them.
• Select pre-defined comparable sales criteria to get an array of recent, relevant sales.
• Reduce disputes by communicating any necessary information to the lender, helping to justify the value they place on the property.

Features of EVR reports include:

Who uses EVR?

• Banking and Finance professionals
• Valuers
• Loan Mortgage Insurers
• Consumers
  

Availability:

EVR is available for access online and via in-house and third-party valuation management systems and is priced on a per unit basis.

EVR is available in all major metropolitan areas throughout Australia and in the five main urban areas throughout New Zealand.

Contact RP Data at This e-mail address is being protected from spambots. You need JavaScript enabled to view it or on 1300 734 318 to learn more about what you can do with an EVR.