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Maximizing AVM Utility in HELOC

Lending By Caren Karris / January 11, 2018
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For years appraisers—equipped with the purchase price—have provided their opinion of residential property market values, protecting the borrower from overpaying and the lender from over lending. The most cost-effective valuation solution for residential properties, AVMs can support the purchase agreement approximately 85% of the time without the benefit of knowing the purchase price.

The accuracy of AVMs is well documented and readily available from a variety of sources. However, those familiar with these tools are the first to warn users about the dangers of misusing AVMs. In this white paper we will address how Veros is leveraging its VeroPRECISION offering to help lenders determine whether or not a property is suitable for AVM use and, if so, identify the best AVM for that specific property

Publisher: Veros Real Estate Solutions
Date: January 2018

Fill out the form below to get the whitepaper sent to your inbox.



Tags: Top Picks, White Paper

Caren Karris

As Director of Marketing, Caren Karris spearheads HW Media’s overall marketing strategy. Whether you’re looking for information on HousingWire products and events or just a snarky comment, Caren’s your girl. A Chicagoland native, Caren holds degrees from the University of Illinois and Northwestern University and has been a proud member of the HW Media team since 2017.

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