SAN FRANCISCO/Oct. 11, 2017 (StlRealEstate.News) — HouseCanary, the leading provider of modern valuation and appraisal solutions, announces the release of the industry’s most robust regression modeling program built directly into HouseCanary’s appraisal software, empowering residential appraisers to easily make data-driven adjustments.
HouseCanary’s regression analysis helps appraisers work faster and with greater regulatory credibility. As the appraisal industry moves away from paired sales analysis as a one-size-fits-all approach, HouseCanary’s regression software is paving the way for objective, data-driven comparable sales adjustments. Now, appraisers can easily identify which property features are most important for estimating a home’s value and instantly apply a suggested adjustment based on HouseCanary’s rigorous statistical models.
“HouseCanary’s regression modeling makes the appraisal process faster, easier, and more accurate. We’re supercharging an appraiser’s expertise by supplying them not only with algorithmically derived adjustments, but also with PDF outputs automatically included in the addendum that help justify appraisal decisions and further minimize revision requests,” said Steve O’Brien, Chief Appraiser of HouseCanary.
HouseCanary’s regression tool is the industry’s first implementation of directly integrated multiple linear regression modeling at no additional cost, enabling appraisers to rapidly examine the effect that multiple property features have on a home’s value simultaneously.
Regression analysis also extends to Agile Appraisal, HouseCanary’s flagship offering in its Valuation Suite, further enhancing the software’s accuracy and advancing HouseCanary’s mission of providing a fast, reliable valuation for every property. HouseCanary’s software marries an appraiser’s expertise with integrated computation, keeping the appraiser in control while equipping them with the insights available from thousands of advanced calculations.
More than ever, appraisers are asked to provide actionable data to successfully defend their work against inquiries from Fannie Mae, their state board, and their AMC or lender clients. HouseCanary’s built-in regression modeling makes it easy to do, keeping appraisers on top of the changing regulatory environment and forthcoming statutes such as Advisory Opinion 37. Once the valuation is complete, appraisers can export graphs and visuals directly into their reports with the PDF output, helping them justify their adjustments to their clients or regulatory bodies in a digestible format. The analysis is simple and comprehensive, making it easier than ever for appraisers to make data-driven comp adjustments directly from their tablet or desktop computer.
Read HouseCanary’s blog to learn more about our regression analytics.
Founded in 2014, HouseCanary’s mission is to help people make better real estate decisions. Built on a foundation of great data, powerful models, and predictive analytics, the HouseCanary platform aggregates millions of data elements, including more than four decades of property data and a rapidly expanding arsenal of proprietary calculations and analytics, to accurately define and forecast values and market influences. HouseCanary is financed by notable investors including Hillspire (Alphabet Executive Chairman Eric Schmidt’s family office), Alpha Edison, ECA Ventures, Raven Ventures and others top Silicon Valley investors. The company is headquartered in San Francisco. Visit the company’s website www.housecanary.com