AUTOMATED VALUATION MODEL (AVM)
Appraisal MC offers access to AVM modules as a service. The AVM is a statistically based summary derived from a program that uses information available for real estate transactions such as comparable sales, property characteristics and local market trends to provide an estimate of market value for a specific property. These tools can assist as a supplement to manage risk for collateral valuations.
REVIEW PROCESS
• Any appraisal undergoing a review is processed through our Automated QC Review first
• Appraisal is then reviewed by an expert member of our QC team to ensure compliance
• Our team will then notify the appraiser and update the lender on any necessary revisions