Tag Archives: automated valuation model

Veros says its AVM isn’t tripped up by historical redlining boundaries

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Study finds that homes located within historically redlined neighborhoods tend to have less living space, smaller lot sizes and more variations in quality. Continue reading →

Quality control standards for AVMs may cover discrimination

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Proposed standards would include random sample testing and reviews to ensure a “high level of confidence” in the estimates produced by AVMs. Continue reading →

More tech vendors approved to support appraisal-free mortgages

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Stewart Valuation Intelligence (SVI) is the latest technology vendor to be approved by Fannie Mae to support the new value acceptance + property data valuation process. Continue reading →

First American touts Procision as ‘next-generation’ valuation model

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The Procision AVM suite comes in three flavors for mortgage lenders, capital market investors, proptechs and real estate professionals. Continue reading →

Why Zillow’s iBuying flop is just a blip, not a bad omen

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Many have pointed to the failure of Zillow Offers as proof that the Zestimate is inaccurate, but the company’s struggles actually reinforce the critical role that quality automated valuation technology plays in the iBuying process. Continue reading →

Sellers putting faith in their Zestimate? 4 steps for getting real on price

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We’ve all encountered the sellers who think their Zestimate is the last word on pricing. Here’s the proven four-step plan Carl Medford’s team uses at listing appointments to help bring sellers back to reality and win the listing. Continue reading →

Zillow claims Zestimate now more accurate thanks to tech update

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Zillow estimates the machine-learning-powered update will reduce the median error rate to 6.9 percent and increase homeowners’ Zestimate live offers by 30 percent. Continue reading →

Accurate Group acquires Coast to Coast Title & Escrow

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The deal expands Accurate Group’s presence in the Southeast and strengthens its national title insurance and closing capabilities. Continue reading →

HouseCanary CEO: ‘70% of all transactions will be automated’

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Douglas Elliman CEO Scott Durkin, however, slammed HouseCanary for ‘wanting a piece of our commission’ during an Inman Connect panel. Continue reading →

Nextdoor will now tell you how much your home is worth

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Your Home, as the company is calling the new feature, is meant to be a landing space on Nextdoor’s website and app that shows users how much their home might be worth and how much they might earn if they sold it. In essence, Nextdoor is now providing u… Continue reading →