AVM Plus

How do Lenders Benefit Most from the AVM Plus?

An increasing number of lenders are using AMVs (Automated Valuation Models) to get unbiased subject property valuations for mortgage loans in 30 seconds or less. Add risk management to the valuation process and you have an unbiased, 30-second, warranted AVM that moves the mortgage loan faster than ever to closing. Review the information below and bring every borrower what they want faster than your competition with the AVM Plus!

AVM Plus - Brief Description

As you know, determining the collateral value of the subject property is a key component of the mortgage loan underwriting process. The accuracy of the valuation is essential for the lender to properly assess the collateral property pledged as security for the mortgage loan and for determining the Loan-to-Value ratio. Inaccurate valuations can cause Lenders to lose alarming amounts of both investment money and time.

The Automated Valuation Model (AVM) is a technology-driven product developed to provide unbiased residential property valuations in a cost efficient and timely manner. The AVM Plus takes the speed and economy of the AVM a step further: it includes a warranty backed by an Errors & Omissions insurance policy that manages the Lender's risk against possible valuation inaccuracies.

The fusion of risk management, speed, economy, and unbiased valuation complements any Lenders' business by aiding their competitive edge in an increasingly uneven playing field.

AVM Plus - Product Features and Guidelines

Specific to loan transactions secured by Firsts, Seconds, or Equity Liens
Coverage period - 5 years (longer coverages available)
No annual aggregate limit or deductible on coverage
Eligible claims: 10% variance standard (customized by Lender)
Maximum loan amount: $750,000
Coverage transferable
Claim process: Submit retro-appraisal
More AVM Providers approved
Customized warranty available

AVM Plus - Use requirements*