Automated valuations
Following our introduction of Repeat Sales Regression to the UK in 2005, we have gone onto create one of the UK’s most accurate and responsive automated valuation solutions. Now incorporating more data than ever before, our model is created alongside lenders and surveyors to be tailored to the industry’s needs.
Transparent confidence levels:
Our confidence levels are explicitly linked to forecast standard deviation – the most widely used predictor of uability of AVM results worldwide.
Our confidence levels range from 1 to 10, with 10 being the most accurate valuations. More experienced AVM users can also opt to receive confidence outputs in the form of forecast standard deviation percentages.
Wealth of data:
Calnea Analytics draws upon data from a variety of sources, including Land Registry and Registers of Scotland, Surveyors and Estate Agents, as well as incorporating census data, and other government datasets to produce highly accurate valuations – even in remote areas of the country.
A flexible approach:
Calnea can work with lenders and surveyors to incorporate lending rules into automated valuation systems to ensure that valuations are only used where they meet risk management criteria.
You can access the Instantvalue™ AVM through our intuitive web- based system. This is designed to offer users a quickly integrated AVM solution with minimal training requirements and maximum flexibility of outputs.
Instantvalue™ Portfolio
Our proprietary Automated Valuation Model (AVM) provides a rapid and reliable means of valuing residential property portfolios of any size. This service enables valuations to be returned using a variety of inputs, including XML code, flat text files or a spreadsheet. What is more, because of our wealth of property data, we can work with datasets that are incomplete or data-poor.
As part of our Lender Early Warning System, Calnea routinely identifies areas of the country that are experiencing particular forms of property stress – for example concentrations of repossessions, rapidly falling house prices or generalised macro- economic instability. These output flags can be applied on a property by property basis to portfolios to enable better decision making and risk management.
Calnea’s portfolio outputs can be used in a number of areas, including;
- Surveyor or Panel performance auditing
- Loan book risk assessment
- Capital adequacy review
- Basel II or RMBS applications.
Instantvalue™ Integrated
InstantValue™ Integrated provides users with a full AVM and confidence level (or forecast standard deviation) which can be incorporated seamlessly into your systems via an XML interface or via the Quest or XIT2 processing software.
Calnea also offers AVMLite™ an XML integration producing valuations without confidence levels .
Instantvalue™ Rental
Calnea has a wealth of rental data from its Mouseprice consumer site. We use this alongside our AVM as well as rental achieved data from other sources to assess probably rental levels on properties.
Instantvalue™ Rental is one of the outputs available as part of our Instantvalue™ Portfolio or Instantvalue™ Integrated.
Instantvalue™ Repossession
Calnea receives data from lenders in instances of repossession. We analyse this data against socio- demographic and property market trends to project likely discounts to open market value which would be achieved on a property by property basis, in instances of distressed sales.
This data also helps form part of our Lender Early Warning System™.
Instantvalue™ Repossession is one of the outputs available as part of our Instantvalue™ Portfolio or Instantvalue™ Integrated.