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Automated Valuation Models (AVM) |
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AVM's, or instant
appraisals through CASA are the same AVM solutions chosen by 20 of the
nations leading banks to deliver fast, statistically accurate home
valuations. An AVM, or Automated Valuation Model is a computer generated residential property appraisal report. Created instantly, an AVM report is accepted by most lenders in lieu of a physical appraisal for second mortgages and HELOCs. AVM's can significantly reduce the time it takes to obtain an estimate of value and reduce the costs associated with the traditional property appraisal process. You can obtain an AVM on most any property located in the US by completing and faxing the AVM Request Form. Orders are processed and returned via email within 4 business hours of request. In the rare instance that insufficient data exists on the subject property for the creation of an AVM, there is no charge. For more information on AVM's, or any product or service offered by Credit Technologies, please contact us toll-free at 800.445.4922
CASA provides AVM services to eight of the nation's top ten banks, delivering fast, statistically accurate home valuations. These leading institutions, and many others, trust CASA for applications that include appraisal substitution, collateral scoring, customer retention, appraisal QC, direct marketing, collections and loss mitigation, portfolio due diligence and more. CASA leverages a very large, meticulously filtered property records database and multiple, market-specific analytic approaches to estimate current market values for individual residential properties. While the algorithms that comprise this unique system use several inputs that an appraiser does - for example, comparable sales, home characteristics and time adjustments - CASA does not emulate the traditional appraisal process. Rather, CASA is engineered and continuously calibrated to be the optimal, fully-automated property valuation solution for meeting lenders' rapidly evolving needs. Unlike most AVMs, the CASA system calculates property value estimates in real-time. This processing technique - which still renders CASA value estimates in seconds - serves to further enhance the accuracy, hit rate and safety of the service for our lender customers. For more information, or to access AVM through your Credit Technologies account, simply call 800.445.4922 - it takes only seconds to activate your account. |
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