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Article: What Is An AVM, And What Can It Do For You?(Brief Article)
- Article from:
- Credit Union Journal
- Article date:
- January 29, 2001
- Author:
CopyrightCOPYRIGHT 2001 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As long as there have been real estate data information and computer programs, the concept of automating the home appraisal process has existed. The advent of the Internet and subsequent development of electronic delivery of information has propelled Automated Valuation Models (AVMs) technology to the top of discussion lists amongst mortgage lenders. This is primarily because AVMs address the demand for the electronic exchange of appraisal information while helping to unclog one of the most notorious bottlenecks in the mortgage origination process. But, before further explaining the benefits and liabilities of AVMs, perhaps it would be best to define exactly what an AVM is ...
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Article: Study: AVMs Immune to Transactional Pressures.(AVM ...
Origination News;
August 1, 2005 ;
700+ words
... ... overvaluation errors from AVMs. "High-quality AVM systems are proven ... means the fact that AVMs tend to value properties ... than not, exceed AVM values in the context ... single, authoritative AVM, there are several ... number of different AVMs on a property until ...
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