Items Tagged with 'Automated Valuation Model'


  • From HW Magazine

    Veros applies AI to simplify and improve valuation decisions

    Premium provider of automated valuation models
    The company’s newest technology offering, VeroPRECISION, is the industry’s first property-specific Valuation Decision Engine designed to “cure the industry’s common cascade.” Unlike a traditional AVM cascade model, VeroPRECISION identifies upfront whether or not an AVM is a suitable valuation tool for the subject property and, if so, identifies the best AVM model for that property. 
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  • Moody’s: Appraisal alternatives pose new credit risks

    Could weaken credit quality of new RMBS
    The use of technological alternatives to traditional residential property appraisals is likely to expand in the coming months and years, yet it could bring risk to the mortgage industry, or so says a new report from Moody’s Investors Service. Here’s why.
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  • Collateral Analytics sues Nationstar for allegedly stealing trade secrets

    Claims Nationstar stole property valuation programs and is now trying to sell them
    In a blockbuster lawsuit filed earlier this week in federal court, Collateral Analytics claims that Nationstar Mortgage stole the company’s proprietary property valuation technology, had a subsidiary replicate it, and is now trying to push Collateral Analytics aside to sell “knock-offs” of the company’s software to other market participants.
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    When do AVMs make the most sense?

    Lenders save money and drive efficiencies for the growing HELOC market
    One of the largest origination costs for lenders is the appraisal product. Drive-by appraisals or interior appraisals are prohibitively expensive. Many lenders have determined that the “cost” of the valuation is not commensurate with the “value” of the information in the underwriting process. This is why AVMs are returning to dominance in the valuation space for home equity lending.
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  • Experts: Appraiser market needs more options

    Current choices: Hot dog or filet mignon
    Experts explained the difference between AVMs and full appraisals, and what the benefits are to each one. They explained lenders need more appraisal options to choose from, as their current options are like choosing from either a “hot dog, or a filet mignon.”
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  • LendingTree unveils its own Zestimate-style home valuation tool

    Will help users identify when they have “actionable” home equity
    Consumer-facing home valuation tools, especially Zillow’s “Zestimate”, have long been a source of consternation in the housing industry. And while Zillow’s tool is mainly designed for people looking to buy or sell a home, there’s a new home valuation tool on the market for people looking to buy, sell, or mainly to refinance their mortgage. The company behind the new valuation tool: LendingTree.
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