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

Intro to Predictive Analytics

Discussing a Proposal for a Decision Modeling Notation

AI Helps Businesses Save Money with Better Financial Management

Moxie Consolidates Software Solutions

Fill in the blanks: Which X is Most Likely to X?

 Thank you in advance.

Marcelo