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 Data Analytics Will Solve Our Biggest Problems

Outsourcing, Off-shoring and Near-shoring – what works or doesn’t for BI & DWH

Managing Big Data Integration and Security with Hadoop

Lyza – Supporting Collaborative Process in Decision Making

Customer Experience Innovation: Aligning Business with Customer

 Thank you in advance.

Marcelo