New Workflow System for Based on The R Earth Package

A new workflow for URAR appraisals based on the R/earth version of MARS (Multivariate Adaptive Regression Splines) has been added to our toolset.      The conversion has added some improvements, such as full automation of the processing of MLS input through submission to earth(), parsing of the R::earth  output to Excel spreadsheets with adjustments, and aggregation …

Basic Software Toolkit for Valuation Engineers

Here is a short list of the main software tools used in my office: Statistics MARS Salford Systems MARS ($15,000) or R-Language Earth Package (Free) R-Language – Hundreds of other useful statistics, graphing and related products. GIS Quantum GIS https://www.qgis.org/en/site/ (Free) ArcGIS ($$$)   CAD Software for Building Floorplans Chief Architect Home Designer Pro (You can …

Mortgage Lending Value (MLV) Ties Together Valuation Engineering, Prescriptive Analytics, and Value Engineering

It is often beneficial to look at how other countries handle appraisal. A number of countries in Europe, particularly Germany, require that appraisers provide a "Mortgage Lending Value" (MLV) as part of the appraisal for home loans.  This goes a good step beyond the American appraisal process of simply providing a Market Value.   RICS advises, though …