AVM Advances

New research published in the INFORMS journal Marketing Science finds that while Zillow’s widely used “Zestimate” home-valuation algorithm boosts efficiency in the residential real estate sector, it also significantly benefits lower-income neighborhoods even in situations where the algorithms are sometimes less accurate in those areas.

Atlas VMS, a valuation management company providing modern appraisal and technology solutions, launched Atlas STR Insight, a Short Term Rental (STR) Appraisal Form designed to help non-QM lenders accurately evaluate short-term rental properties using STR-specific data and analytics.

Atlas VMS, a valuation management company providing modern appraisal and technology solutions, has entered into a partnership with QuantumReverse to integrate the AIM-Port order management platform. The partnership will grant reverse mortgage lenders using QuantumReverse direct access to their approved appraisal management companies through the AIM-Port platform, including Atlas’s own AMC operation.

MISMO released the Automated Valuation Model (AVM) Common Confidence Score Standard and Guidance. The new standard is designed to help mortgage originators and other stakeholders evaluate AVM risk more effectively and consistently, supporting industry-wide adoption and regulatory compliance.

Class Valuation, a real estate appraisal management company (AMC), has launched Class Valuation Analysis (CVA), a next-generation appraisal review solution engineered to bring greater transparency, compliance and confidence to residential property valuations.

Veros has launched ValuSTREAM, an automated valuation model (AVM) cascade solution. This new solution is now available through VeroSELECT and Valligent via Acuity and other direct integrations.

Veros Real Estate Solutions (Veros®), a provider of innovative real estate valuation and analytics services, proudly introduces iVALUATION – a state-of-the-art platform that provides housing finance professionals with the quick insights they need to be confident in the accuracy of a property valuation. With its powerful combination of an advanced automated valuation model and comprehensive nationwide property data, iVALUATION is positioned to transform the way the industry assesses property value.

Nationwide Property & Appraisal Services has launched its Broker Price Opinion (BPO) products, offering a versatile and efficient solution for property valuation needs. Targeted at mortgage lenders, financial institutions, and investment firms, Nationwide’s BPOs provide detailed, accurate, and timely property valuations to support strategic decision-making.

Corporate Settlement Solutions (CSS), a full-suite provider of real estate settlement solutions, released results from its mid-year analysis of the types of valuation products that lenders are using to originate home equity loans and found a significant increase in the use of Automated Valuation Models.

SitusAMC, the provider of investment advisory, strategic outsourcing, talent, and technology solutions to the commercial and residential real estate finance industries, today announced the strategic decision to retain its Real Estate Valuation Services (REVS) business and commitment to invest $20MM of capital to expand technology capabilities for the business. This decision follows a period of strategic alternative exploration.