I applied the HELOC in BECU in June and finally noticed that BECU uses CoreLogic’s tool called ValuePoint4. After reviewing the report, I felt very surprised and disappointed.
The comparable sales section is totally not persuasive because all properties are from my neighbors. We bought the houses and moved in between last May and last Sep. We knew sales prices of the houses very well.
A lot of properties have been sold nearby in other communities in 3-6 months. I don’t see them in comparable sales section. What a surprise! This is very basic real estate knowledge. I can't believe CoreLogic does it this way
If the tool itself is not tested well and not persuasive, why give the appraisal report to customers? In my opinion, don’t waste the money to buy this appraisal tool- Core Logic ValuePoint4 .