AVMs, or automated valuation models, automate the subject property valuation process. They are commonly used on refinances, equity loans, and for quality control purposes. First Mortgage Investors have also endorsed AVM products to aide in front end credit risk management. Along with other loan data, AVM's help to determine appraisal inspection requirements.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). AVMs are 30-second reports, meaning that the completed report should return to the user in 30 seconds or less.
Automated Valuation Models are available on line through our web-based technology or can be ordered in batch form. Our technology features a cascade of AVM providers. AVM output in batch form can be used in conjunction with portfolio reviews or monitoring programs.