Delivering added value to your credit reporting services'

1
AUTOMATED VALUATION MODEL

• Delivering added value to your credit reporting
  services.

2
INTRODUCTION

• What is a Automated Valuation Model (AVM)?
• It estimates the value of the property based on
  property characteristics, comparable sales and
  historical data of the property. It simulates a
  traditional appraisal.
• AVM is automated, which takes seconds to generate
  an estimated value versus manual appraisal, which
  takes days to complete.
• Who uses a AVM?
• An appraiser uses an AVM to make sure his
  appraised value for a property is reasonable.
• A Lender uses an AVM to make sure the stated
  value of the property that comes from the
  broker/consumer/appraiser is accurate.

3
FEATURES

• Fully embedded in MCL system
• Integrated ordering and billing
• Available on Settlement Services Worksheet (SSW)
• Rating System
• Confidence Score Indicates how robust the data
  that was used to calculate the value.
• Hit Rate The number of delivered valuations, as
  a percentage of the total number of valid
  properties submitted to the system for analysis.
• Order Single or Multiple AVMs with one click
• Order a different AVM if the previous AVM orders
  returned a no hit.
• Order multiple AVMs for one property. Users can
  pick which AVM they want to use for the loan,
  it's usually the report with highest appraised
  value.

4
AVM PROCESS

• Log into MCL system
• Enter Property Address
• Select Order Options
• Select Providers PASS, CASA, and HPA.
• Rollover check Stop on First Hit
• Batch uncheck Stop on First Hit
• View AVM report(s)

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AVM INTERFACE

• After logging in, click on the Order tab.
• Under the Automated Valuation Models section,
  click on the Order AVM link to order new AVM(s),
  or click on the Find AVM link to view an existing
  AVM report.

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AVM INTERFACE

• Enter in the Property Address (no dashes)
• Select Provider(s)
• Click the Submit button

Providers
Uncheck Batch Check - Rollover
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AVM INTERFACE
Rollover Results
Batch Results
Product will display which provider the AVM came
from. Click on the View Report to display the
report.
Click on the View link next to each AVM to
display the report. Click on the View Report
button to display the report with the highest
estimated value.
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Sample AVM Report
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AVM PRICING