A Solution to Fulfill the Underwriter's Constant Need for Accurate Property Valuations : A True Sales Price

Current technology allows many analysts to use regularly a complete population of sold prices of all property types derived from courthouse deed recordings. Access to the complete population of current and historic prices eliminates the need for samples, which minimizes use of much of the statistics material taught to students and practitioners. The impact is a major change in the use of the statistical paradigm learned by market research specialists, as well as its applications by real estate industry professionals. Mortgage lenders in general and underwriters in particular must learn about these new methods and data sources. By recognizing their use provides a more accurate and reliable property valuation report, real estate finance professionals insisting on their use will greatly mitigate unnecessary market and financial risks for their firms and shareholders