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Automated Valuation Model
(AVM) Services
AVMs automate the subject property valuation process. They
are commonly used on refinances, equity loans, and other types of loans where property ownership
is not changing. They are also valuable for quality checks on previous valuation reports. Many different real estate factors are
used in processing AVMs: recent sales in the subject property
area; overall market conditions; conforming neighborhood;
CPI (Consumer Price Index); and GNP (Gross National Product).
AVM
reports are generated within 30-seconds, allowing lenders
to receive a timely and affordable property valuation report
that quickens decision making and loan closings.
Those
institutions looking to manage their risk against possible
valuation errors may choose the AVM Plus—a
report backed by an E&O insurance policy.
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