Title Source is proud to offer two innovative new products on our website: Our cascading Automated Value Model (AVM) and Value Preview (VP) products. Similar to an appraisal, these products provide a Value Report on your residential property. However, the difference is that these innovative tools use computer calculations based on local comparable data to determine the most accurate results. In fact, AVM is one of the most accurate residential property valuation reports available in the industry!
AVM: A Closer Look
The Title Source AVM delivers one of the most inclusive and accurate residential property valuation reports available in the industry.
The Title Source AVM displays a value estimate, comparable sales listing, and location map, along with a confidence factor that reflects the extent of available data and accuracy of the value estimate. You will be able to customize requirements, so your results will be what your underwriters require.
The essential information available in the Title Source AVM report supplies a foundation on which your organization can comfortably make underwriting decisions, reduce collateral risk, establish equity positions and review the performance of your portfolios. You’ll get these exclusive results:
Who it’s for:
- Up to 15 comparable neighborhood sales and significant landmarks
- Advanced Confidence Score rating of valuation
- Low and High property value range
- Detailed map specifying subject property location and proximity of comparables
The Title Source AVM product is intended for a variety of settings in the course of lending, including origination, underwriting, quality control, servicing, portfolio review and default management. It is designed to improve accuracy and expedite the lending process for multiple users including mortgage lenders, brokers, appraisers and the investment community.
How it works:
Through our integration with Hansen Quality, our AVM will connect to 15 different AVM providers to determine the most accurate results. The Title Source AVM utilizes property information from the industry's four leading AVM models. The AVM also produces the most accurate residential property value in the industry today and utilizes more than 20 years of historical property data and sales information from more than 1,100 U. S. Counties. All the data located in the cascading four AVM model is updated continuously, giving you the most recent data at all times.
Value Preview: A Closer Look
The Value Preview is meant to be a point of sale tool for quick estimates of your client’s home value. Call us for more information on this exciting new product!
Please consult your account manager to set up your account so you can start ordering the AVM products today. If you do not currently have an account manager please contact us at 888-Title-55 (888-848-5355) and ask to speak with an account care representative.