Automated Valuation Models (AVM) provide real estate property valuations derived from mathematical modeling and statistical analysis. SettlementOne’s powerful AVMs calculate a property’s value at a specific point in time by analyzing the values of comparable properties. The AVM also takes into account previous valuations, historical local market and user-provided information such as number of bedrooms and improvements.
SettlementOne’s AVMs are used by banks, credit unions and mortgage brokers to get a snapshot of the value of the property at a specific time. AVMs are a low-cost valuation tool that can be provided in a matter of seconds, not days or weeks.