Verisk Commercial Real Estate — a Verisk Analytics (Nasdaq:VRSK) business — conducts commercial Property Condition Assessments (PCAs), Fannie Mae and Freddie Mac Physical Needs Assessments (PNAs), and annual assessments for lenders, equity investors, and other commercial real estate professionals. Since 1971, Verisk’s team of highly trained and geographically dispersed field analysts have performed walk-through surveys on thousands of commercial properties each year, assessing and grading buildings for hundreds of conditions and physical characteristics.
The foundation of Verisk Commercial Real Estate is our team of more than 550 full-time field services professionals. That includes our experienced national PCA staff, National Processing Center staff, and quality assurance managers. Available throughout the United States, Puerto Rico, and the U.S. Virgin Islands, our field analysts have extensive experience in property evaluations, loss control, engineering, and construction. They average nine years of experience conducting commercial property assessments.
Verisk field analysts have numerous professional certifications and designations. They’ve trained in ASTM International (ASTM), National Fire Protection Association (NFPA), and other international standards. Designations include:
For more details on our team and senior management, visit our Team page.
Traditional due diligence providers use independent 1099 subcontractors to perform most of the critical work. Verisk Commercial Real Estate believes the best customer service comes from a centralized model. That’s why we have a large, full-time, dedicated Verisk employee workforce in the field from coast to coast. You get the advantage of our consistency, training, reliable standards, and national reach. The Verisk difference is apparent when you have a large portfolio assignment. See the chart for a comparison of the two models.
Both the public and private sectors depend on Verisk for commercial property surveys, assessments, and gradings. In fact, Verisk assesses how local governments adopt, amend, and enforce building codes in nearly 20,000 communities and performs field surveys on more than 47,000 fire protection areas in the country. Verisk customers include commercial lenders, most U.S. commercial property/casualty insurers, and the ten largest global reinsurers. Virtually all the largest commercial insurers in the United States rely on our building surveys and reports.