PCV Murcor™ to debut Rental Broker Price Opinion at MBA Annual Convention

POMONA, Calif., Oct. 19, 2012 /PRNewswire/ -- PCV Murcor, a 30-year provider of real estate valuation solutions and consultation services for the mortgage industry, will debut its Rental Broker Price Opinion (BPO) at next week's MBA Annual Convention.

The tiered offering includes a broker price opinion, automated rent estimate (ARE) and the option to receive a reconciled broker opinion of the ARE.

The report also includes market rent and sales trending data with sales listing and rent comparables mapped from the subject neighborhood.

"Investors need a portfolio due diligence tool that will assist them in making a 'buy/no buy' decision on a bulk purchase of REO assets. There are two critical pieces of data required for these decisions; the first is the value of the property and the second is an estimate of the potential rental income," said Keith Murray, CEO of PCV Murcor. "Our Rental BPO would provide both of these required numbers in one easy to understand report."

A key feature of PCV's Rental BPO is that it includes more than just sales listings, rental estimates and market trending data. It also adds verified property condition information and valuable local sales and rental market knowledge from a licensed broker. This makes it a much more effective tool than alternative products such as automated valuation model (AVM)/property inspection packages that do not provide the valued experience and local knowledge of a local broker. This is particularly valuable for rural properties where the coverage of AVMs may not be as reliable or consistent.

"This new evaluation can now provide, in a single report, a decisioning tool for lenders, servicers and GSEs as they evaluate the pros and cons of executing bulk REO rental sales versus disposition strategies," said Tim Scherf, COO of PCV Murcor. "Our Rental BPO also helps servicers weigh the option of hiring a property management company to rent the property until the market value justifies the disposition."

The company will have more information on the offering at booth 713 during the October 21-24 MBA Annual Convention in Chicago.

About PCV Murcor
Pomona, Calif.-based PCV Murcor was founded in 1981 to meet the growing need for experienced real estate appraisal solutions and consultation services in the mortgage industry. For over 30 years, the company has provided expert collateral valuations for a multitude of clients including national, regional, and local lenders and servicers, financial institutions, government agencies, and insurance companies. For more information, visit the company's website, www.pcvmurcor.com.

© 2012 by PCV Murcor, Inc.  All rights reserved.  

SOURCE PCV Murcor