LPS Launches New Valuation Model
Lender Processing Services (LPS) launched its latest property automated valuation model (AVM) this week. The LPS AVM creates automated reports compiled from public records data, analytics and modeling resources. Information in the reports includes the estimated value of a property, up to 10 comparable sales listings with a location map, a history of subject property transactions and finance activity, and regional price trends. LPS is a Jacksonville, Fla.-based integrated mortgage technology and services firm. Write to Austin Kilgore.