San Jose, Calif.-based Bradford Technologies has announced the release of CVR 2.0, the next generation of the company's Collateral Valuation Report (CVR) product.
According to the company, changes in the new format provide greater clarity and transparency of the appraiser's valuation process. The new CVR 2.0 report format makes greater use of charts to convey information and statistics to enhance the reliability and accuracy of the valuation. The new format also incorporates identity theft and appraisal fraud prevention technology, the same technology used by the U.S. Postal Service to prevent mail fraud, the company adds.