Automated Valuation ModelX (AVMX)
Receive Efficient & Consistent Valuations
Xiris Valuations’ AVMX (Automated Valuation Model) is a statistically based computer program that uses real estate information such as comparable sales, property characteristics, tax assessments and price trends to provide an estimate of value for a specific property.
Pair our AVM with a Property Condition Report for consumer loans for a faster and more economical solution than traditional appraisals.
AVMX vs. Traditional Real Estate Appraisal
- Speed – significantly reduces the time it takes to obtain a valuation
- Reduced costs
- Consistency
- Objectivity
Xiris Valuations’ AVMX Offers You These Benefits
- Nationwide coverage
- Completely web-based program
- Integrated ordering process
- Instant return
- Tax assessor’s indication of value, if available
- Information on the subject property and recent sales history
- Comparable sales analysis of similar properties
AVM Standard
This report returns a valuation, value range, market analysis, a map of the property, and comparables. A unique feature of this report is the option to enter an estimated value for the property, with the system returning the probability of attaining the estimated value entered.
AVM Lite
This low-cost report leverages the same valuation model and nationwide coverage to instantly return a valuation and confidence score. This basic approach provides an economic way to access a valuation benchmark.
This tool generates an estimate of property value in seconds, encompassing several models rolled into a single product for one low cost. Using Freddie Mac’s unique algorithm, HVE provides extensive coverage and simplifies the mortgage process by streamlining the collateral valuation cycle.
Want to know more about Xiris Valuations’ property solutions? Contact us today to get started!
