AVM  (Automated Valuation Model)

 

Automated Valuation Models (AVM) provide real estate property valuations derived from mathematical modeling and statistical analysis. These powerful AVMs calculate a property’s value at a specific point in time by analyzing the values of comparable properties.

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The AVM also considers into account, previous valuations, historical local market trends and user-provided information such as number of bedrooms and improvements. These AVMs can be enhanced with a BPO and also our valuation warranty protection policy.

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Heartland Valuation Services suite of AVMs can be used as a single report or we can use a cascade approach that will go through each of the AVMs we offer until a confidence score is reached, that is preset by the lenders criteria.

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AVMs are used by banks, credit unions, mortgage originators and servicers to get a snapshot of the value of the property at a specific time. AVMs are a low-cost valuation tool that can be provided in a matter of seconds, not days or weeks.

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Heartland Valuation Services provides the following AVM:

HVE

Veros

Black Knight

RMV

SiteX

Value Sure

Corelogic Path

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