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.