Automated Valuation Models

Hello Everyone,

I am new here but I am wondering if anyone heard of Automated Valuation Models (also known as AVMs). This is a class of models used to predict the real estate valuation of a property (house or unit) at point of application for for a Mortgage (for instance).

This is being used more and more by banks to speed up the process and reduce costs.

I am interested to know if anyone know of any Basel II capital compliance issues (or ruling from any local regulator) on this type of model.

More Read

How to Create an OBIEE Dashboard Tutorial

CRM Cloud Activity Likely to Cause Near-term Confusion

Here’s How Big Data Is Transforming Augmented Reality

Lyza – Supporting Collaborative Process in Decision Making

Data Governance Begins at the Spreadsheet

 Thank you in advance.

Marcelo

…

Hello Everyone,

I am new here but I am wondering if anyone heard of Automated Valuation Models (also known as AVMs). This is a class of models used to predict the real estate valuation of a property (house or unit) at point of application for for a Mortgage (for instance).

This is being used more and more by banks to speed up the process and reduce costs.

I am interested to know if anyone know of any Basel II capital compliance issues (or ruling from any local regulator) on this type of model.

 Thank you in advance.

Marcelo