Tag Archives: AVM

An industry veteran of 25 years explores the history and evolution of automated valuation models in real estate.

A recent study takes a look at how the traditional appraisal and the automated valuation model needs to be altered when predicting defaults and more if the manual appraisal threshold were raised.

Independent Settlement Services, a Pittsburgh-based appraisal and title management services firm serving the real estate finance industry, announced last week it will enhance its valuation products with Value Report, an automated property valuation with an instant automated valuation model (AVM) that combines the data and algorithms of Independent Settlement Services and HouseCanary. HouseCanary is a real estate valuation provider that leverages decades of data and proprietary algorithms for its valuations. The Value Report offers instant AVMs, risk assessments, and real estate market data for individual single-family homes and condos, as well as portfolios.

Collateral Analytics, a provider of automated valuation solutions and real estate analytics products for the financial services industry, announced recently it has launched the CA Credit Risk Model. The new patent pending product is designed to offer quantitative measures of the risk and cost of potential borrower default in a residential mortgage.

Valuations expert Craig Zielazny has joined Platinum Data Solutions to help build out its automated valuation model (AVM) offerings, the company announced. As Platinum Data's new SVP of valuation analytics, Zielazny is tasked with growing its valuation analytics channel, which includes 18 non-proprietary AVMs and an AVM testing technology.

Pro Teck Valuation Services introduced Appraisal Desktop with Inspection (ADI), a new hybrid appraisal product for home equity and second mortgage lending. As a USPAP-compliant desktop appraisal platform, ADI was designed to fill the gap between an automated valuation model with property condition report and a field appraisal.

Axios Valuation Solutions, a Fort Worth-based compliant appraisal services provider, announced the release of Desktop Appraisal, a new solution designed to combine the company’s technology and analytics with the expertise of local market appraisers to deliver compliant, reliable valuations.

PCV Murcor is unveiling its newest valuation tool to mortgage industry professionals this week at the Mortgage Bankers Association's 99th Annual Convention in Chicago. It's called Rental Broker Price Opinion (BPO)--a tiered offering that includes a BPO, automated rent estimate (ARE), and an optional reconciled broker opinion of the ARE.

eMortgage Logic, LLC is celebrating its 10th year in business. The company provides residential real property valuations, data, analytics, and customized solutions for mortgage lenders, servicers, and investors nationwide. The idea for eMortgage Logic originated with Ralph Sells during his tenure at Freddie Mac, after Sells revived a struggling internal broker price opinion company acquired by the GSE's HomeSteps division.

eMortgage Logic, LLC, a national provider of property valuation services, has developed a new report that the company says continues to demonstrate its ability to bring clarity and transparency to the residential valuation space. eMortgage Logic's new Platinum Valuation Report (PVR) combines broker price opinion (BPO) and automated valuation model (AVM) data, coupled with a detailed reconciliation analysis report completed by a licensed or certified appraiser.