QUICK VALUE AVM SERVICES
AVMs answer the question, What is this property
worth? But they do it faster, and they save the borrower
hundreds of dollars.
It takes about 30 seconds for an AVMs to confirm a
loan to value ratio. They are accurate enough that many
lenders accept AVMs as a replacement for appraisals.
Fannie Mae and many others use AVMs in their quality
control processes. And they are often used to complete and
underwriters desk review.
1 Source Data is committed to supplying the most accurate
and cost efficient AVMs in the industry. Our FirstClose
gateway currently offers AVMs from eight different
vendors, and that number is increasing. You can order accurate
residential property valuations, for properties in more
than 2,300 U.S. counties, and have them delivered in seconds.
Cascading through AVMs can make your life even
easier. We are one of the few AVM providers to automate
the process of getting values from a group of vendors. You
select the vendors and our platform will search the list
until a value is found.
And more functionality is in development. Value Sensitive
AVMs will let you find the AVM with the highest
value, or the value closest to the sales price. And Merged
AVMs will select and then merge the
findings of a group of AVMs. You pick the AVMs;
you determine the number of AVMs; you control the
process.
Closing the loan faster, and saving money for your borrower
can easily make you more productive and increase your referrals.
Simply enter the address and click "Order."
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