LPS Rolls Out New AVM

Lender Processing Services Inc. (LPS) has released LPS AVM, an automated property valuation model designed to assist the mortgage industry in establishing and verifying property values for underwriting, quality control and due diligence.

LPS has combined public records data, analytics and modeling resources to deliver an automated valuation report via LPS AVM. The report will include a value estimate, up to 10 comparable sales listings with a location map, a statistical confidence interval band, a history of subject property transactions and finance activity, and regional price trends, LPS says.

SOURCE: LPS

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