CoreLogic has introduced a new suite of automated valuation models (AVMs) that incorporates new cascade methodologies designed to help simplify AVM selection and provide optimal performance levels and delivery options for specific business needs.
The company claims its new Total Home Value suite of AVMs offers a new approach to AVMs – one which streamlines the AVM selection process.
Currently, AVMs have broad applications; meaning businesses must decide which AVM to use, the company says in a release. In some cases, they may be using AVMs that are not ideal for their intended purpose. With the Total Home Value suite, users simply choose the solution that best fits their business case.
“Total Home Value represents a sea change in the way the mortgage industry views AVMs,” says Ann Regan, executive, product management, collateral solutions, for CoreLogic. “With targeted audiences for each solution, multiple delivery options and simplified pricing structures, we continue to develop solutions that help our clients conduct business more efficiently.”
Total Home Value AVM solutions are currently available for portfolio monitoring, consumer-facing, origination, collateral analysis and marketing, with additional solutions to follow before the end of 2018.