AVM stands for automated valuation model, a computer algorithm that uses available data to estimate a home’s value. Different AVMs might provide different estimates for the exact same home, depending ...
SANTA ANA, Calif.--(BUSINESS WIRE)--Automated Valuation Models, or AVMs, can be the solution needed to identify potential racial bias in home appraisals, according to a study released today by Veros ...
What is an automated valuation model home appraisal? Whether you’re considering refinancing, taking out a home equity loan, or curious what your home may be worth, waiting weeks for an appraisal can ...
The Consumer Financial Protection Bureau (CFPB) announced Wednesday that it may propose a rule to regulate the use of automated valuation models (AVMs) by lenders and appraisers. The government ...
Whether you’re considering refinancing, taking out a home equity loan, or curious what your home may be worth, waiting weeks for an appraisal can feel painfully slow. That’s where automated valuation ...