AVM cascades remain the “go to” application for many AVM uses, including Home Equity lending. But using cascading AVMs as a method for choosing which valuation tool to use for a given property carries with it some unintended and unpleasant consequences. Most, but not all properties are viable candidates for AVM use and lenders need to determine whether or not an AVM is an appropriate property valuation tool for the subject property before engaging any AVM.

But how can you tell if an AVM is an appropriate valuation tool for a specific property?

Our new white paper outlines a next generation alternative to existing cascade approaches that assesses and determines property-specific AVM suitability upfront, resulting in more accurate AVM answers and creating a superior experience for both lenders and consumers.

Publisher: Veros Real Estate Solutions
Date: September 2018