AVM (Automated Valuation Model)
Automated Valuation Models (AVM) provide real estate property valuations derived from mathematical modeling and statistical analysis. These powerful AVMs calculate a property’s value at a specific point in time by analyzing the values of comparable properties.
​
The AVM also considers into account, previous valuations, historical local market trends and user-provided information such as number of bedrooms and improvements. These AVMs can be enhanced with a BPO and also our valuation warranty protection policy.
​
Heartland Valuation Services suite of AVMs can be used as a single report or we can use a cascade approach that will go through each of the AVMs we offer until a confidence score is reached, that is preset by the lenders criteria.
​
AVMs are used by banks, credit unions, mortgage originators and servicers 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.
​
Heartland Valuation Services provides the following AVM:
HVE
Veros
Black Knight
RMV
SiteX
Value Sure
Corelogic Path
​