Federal banking regulators recently began adopting a final rule that requires, among other things, supervised mortgage originators and secondary market issuers to ensure that automated valuation ...
AVM stands for automated valuation model, a computer algorithm that uses available data to estimate a home’s value. Different AVMs might provide different estimates for the exact same home, depending ...
A final rule governing the use of automated valuation models in mortgage lending has now been published by a group of six federal regulators, the last step in the process of putting it into effect.
First American Data & Analytics has released an automated valuation model that estimates monthly rent for residential properties nationwide. The product — called Procision Rental AVM — updates daily ...
Whether you're considering refinancing, taking out a home equity loan, or curious what your home may be worth, waiting weeks for an appraisal can feel painfully slow. That's where automated valuation ...