VALPRO, Boxwood's automated valuation model for small commercial properties, debuts at the Predictive Methods Conference (PMC), June 9-11 in San Diego. The PMC is a venue dedicated to professionals involved with collateral risk analytics on both commercial and residential sides of the business.
VALPRO is offered by Boxwood and its partner, First American Commercial Real Estate Services (FACRES). VALPRO will be marketed in conjunction with FACRES' IVR product, a commercial valuation model that has been used by banks and non-bank lenders for similar valuation purposes for the past eight years. The IVR model, which Boxwood has supported analytically for years, will soon be upgraded to full automation as well. Together, these commercial automated valuation models offer lenders greater efficiency in processing small-balance loans, as well as seamless market coverage on a national scale. VALPRO demonstrations will be provided at FACRES's booth, Number 33, at the PMC.