Why is an AVM used?

Advantages to using an AVM include:

  • Inexpensive when compared to Appraisals which can cost in excess of $200
  • Time savings. AVMs are generated instantly and in real time therefore significantly decreasing the application cycle time
  • Cost effective. Coupled with integrated fraud detection tools, AVMs performed during the front end minimize needless administration expenses.
  • Optimize the use of Appraisals. AVMs can flag potential risks and help to determine the extent of further due diligence.
  • Convenience. AVMs are accessible through the web and are displayed quickly and often available 24 hours a day. Stored configurations and simple design allow for rapid display of results in one convenient Report.
  • AVMs are objective. No opinion or exceptions are possible. Valuations cannot be swayed or influenced by emotions or personal prejudices.
Was this article helpful?
0 out of 0 found this helpful
Have more questions? Submit a request