CREtelligent Expands Solution Suite with Automated Valuation

CREtelligent Expands Solution Suite with Automated Valuation Model for Commercial Properties


CREtelligent Expands Solution Suite with Automated Valuation Model for Commercial Properties
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SACRAMENTO, Calif., May 25, 2021 /PRNewswire/ --
 CREtelligent.com today announced the addition of a Commercial Automated Valuation Model (CAVM) to its suite of real estate solutions. Through a partnership with Collateral Analytics (a Black Knight company), CREtelligent can now deliver an estimated property value to a commercial real estate professional in under 30 seconds.
With over a decade of leading-edge data science, econometrics, machine learning and artificial intelligence expertise, the Collateral Analytics CAVM provides the most advanced valuation model on the market.
"In the business of commercial real estate, knowing the value of your assets at any point in time gives you an advantage and can be instrumental in managing risk and maximizing returns," said Anthony Romano, CEO of CREtelligent. "In some situations, speed is important, and the time and cost of a full appraisal is not an option," said Romano, adding that the CAVM is not USPAP compliant or intended to replace an appraisal, but used to make or support value assumptions. Automated valuation models have been used for decades in the residential market and have grown in popularity in commercial market in recent years.

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