What Alternative Valuation Products does Class Offer?

Products

Product	Description	Message	Fee
AVM (Automated Valuation Model)		Fast and reliable: Obtain fast and accurate property valuations using advanced algorithms leveraging extensive data sources for reliable and precise valuations.	$15
AVM + PCR	Automated Valuation Model + Property Condition Report	Fast, accurate, and insightful: Get quick and reliable AVM results combined with a detailed property condition report to ensure credibility.	Exterior: $75 Interior: $95
BPO (Broker Price Opinion)	Agent property inspection with a value included	Benefit from expert insights: Gain in-depth property value analysis from experienced brokers.	Exterior: $105 Interior: $140 Land: $75
Class Evaluation	Analyst assisted AVM	Technology meets experience: Combine the power of analyst-assisted AVM with an interior or exterior inspection for a comprehensive valuation.	$95 PCR Exterior: $135 PCR Interior: $175
Limited Desktop	PCR + Appraiser limited desktop analysis with valuation included	Unmatched precision: Get the most accurate valuations through a true appraisal using sophisticated quantitative methods and diverse data sources. (Borrower Attestation, PCRs, Disaster Certs, Final inspections)	$125 PCR Exterior: $175 PCR Interior: $230 Disaster Exterior: $75 Disaster - Interior: $125
Borrower-Led Inspection	Self-guided property documentation process	Convenient and efficient: Enable borrowers to complete required property inspections remotely through a customizable digital form, eliminating the need for third-party site visits.	$65
CVA (Class Valuation Analysis)	Comprehensive appraisal review by licensed appraisers	Expert verification and assurance: Receive comprehensive appraisal reviews conducted by state-licensed appraisers who evaluate the supporting data and methodologies to ensure valuation accuracy and compliance.	$145
Property Condition Report (Standalone)			Exterior: $60 Interior: $85

Borrower-Led Inspections

Fast, reliable, customizable

Forms are 100% configurable & flexible to fit client requirements
Message to customer can be altered & customized
Includes geolocation & photo timestamps
Thirty-five (35) fraud detection tests & reverse image searches are conducted to verify images.
Inspection audit trail included in report.
Process is easy to follow, the app walks the customer through the steps to answer all required questions & provide specific photos needed to suffice lender requirements
Class QC team will review all reports prior to delivery to client

Borrower-Led Inspection ProcessBorrower-Led Inspection Example

Class Valuation Analysis (CVA)

Streamlined Desktop Assessment: appraisal review product designed for bulk portfolio valuations, loan production quality control, and the assessment of existing appraisals.

Class Valuation Analysis (CVA): A solution designed by Class to provide lenders with an alternative to the ClearCapital CDA.

Rating Agency Recognition: Lenders and Servicers have a strong desired to use our CVA, but they request that it be recognized or approved as an accepted review product by rating agencies.

Contents of CVA Report:

Graded risk score of appraisal under review
Review of original appraisal's content & conclusions
Sales-Comparison (Comp) Grid
Value Analysis
Additional Appraiser-Selected Comps
Value Commentary
USPAP Compliant & Valuation Quality Questionnaire
USPAP Compliant Appraiser Signature Section

	Class Valuation Analysis (CVA)	Current Market Offering
USPAP Compliant		✓
Completed by a State-Licensed Appraiser		✓
Nationwide Coverage		✓
Subject Transaction History		✓
Market Trend Data		✓
Review of Underlying Appraisal Market Conditions		✓
Review of Underlying Appraisal Property Attributes & Condition		✓
Review of Underlying Appraisal Comparable Selection		✓
Review of Underlying Appraisal Valuation Methodology		✓
Reviewer's Value Conclusion & Commentary		✓
Appraiser-selected Comps to Support Alternative Value Conclusion*		✓

*if applicable

CVA Example

Product Cascades

Alt. Valuation Standard Product Cascade

Alternative Valuation Standard Cascade

Alternative Valuation Borrower-Led Inspection Cascade

Product Examples

AVM

Property Condition Report

Limited Class Evaluation

Class Evaluation

Class Evaluation Process

Combination review of AVM + Appraiser assisted review of data to increase confidence score of AVM
Value should ALWAYS be within the range of the sales chosen
Value conclusion is based on similarities/differences of all comps selected
- Algorithm compares subject property to the comparable property’s characteristics
- Takes into consideration when sales are viewed but not added to the grid
Appraiser is expected to review comps and provide a “thumbs up or thumbs down” within the evaluation tool as well as a reason for why a comp is inferior/superior

If an opinion of value is ever derived and it is not within the range of sales, it could be because all sales are inferior or superior to the subject property
- This should only really occur when a property is on large acreage, when the analyst reveals these results, they should stop work and contact Class Valuation and not proceed with the report, it will not increase the confidence score and therefore makes the product obsolete.
- The analyst also may not have changed the regression analysis tool from “Sub-Market” to “Comparables”
The system defaults to “Sub-Market,” if this is not updated to “Comparables” the and sales in the “data” tab of the tool, and it could produce an invalid opinion of value.
Comp filters also much be reviewed to avoid using comps older than 12 months, the analyst must adjust this manually on all reports prior to determining their comp selection
Filters for the graph analysis are also controlled by the analyst to close the gap on the data shown within the report, our main analyst starts with +/-25% GLA within 25% of the subject’s lot size and brackets the bedroom and bathroom count.
Lastly, the analyst will review all sales within the ranges based on how they’ve filtered the report tool and view comparable photos to see if comps have been renovated, have similar features (pools, spas, garages, style, etc.) based on this review, the best 3-5 sales within the 12-month period are chosen.
The analyst do their best to produce a >90 confidence score, they’ll start with 3 comps, and if the confidence score is not 90 or above, they will add 2 additional sales to increase the confidence score within the report.