OnSite provides an objective property condition assessment, based on a physical inspection conducted by trained Field Services Inspectors, and a patent-pending algorithm, and is supported by the most comprehensive data in the industry.
Exterior physical inspection of the subject property
A qualified CoreLogic Field Services Inspector conducts a physical, external inspection of the subject property and answers a series of questions about the property and neighborhood. Questions are specifically designed to identify property conditions for institutions using AVMs in lending decisions. The answers to these questions are used to create an objective overall condition rating, calculated using a patent-pending algorithm.
External factors
If any negative external factors were seen by the Field Services Inspector adjacent to the property or within the immediate neighborhood the specific positive and negative external factors are noted.
Photos of the property
The Field Services Inspector also takes photos of the front view, street view, and the property address, which are included in the OnSite report. The Field Services Inspector can make note of any damage or other issues observed.
Subject property detail
OnSite includes specific subject property detail information including zoning, land use, subdivision, lot size, building sq ft, living sq ft., lot sq ft, bedroom/bath count, and year built.
Local market conditions
OnSite provides local market conditions required to satisfy the Guidelines including: Listing Analysis, Market Trends, Sales and Foreclosure Activity Trend, and HPI Forecast Trend.
OnSite is available as a standalone report or as part of your AVM rules management. OnSite is available across CoreLogic platforms, and supports rule-based logic to automatically trigger from the AVM result to request OnSite, including pre-screens for: Property Type, Condo-Hotels, Confidence Score Sufficiency, Value Deviations, Collateral Risk, and Natural Disaster Areas.
