Automated Valuation Model

 Automated Valuation Model (AVM) is a computer generated report which is produced by data extracted processed by model designed to give information related to the general value of a property.  Different valuation models exist and some models are more effective than others.

The AVMs are used by many lenders as a pre-funding and fraud detection tool.  Some lenders use the AVM rather than a Field Review Appraisal because the result can be provided as quickly as one can operate a computer.  The AVM is an inexpensive way to determine a property value and it does not require a licensed appraiser.  AVMs are not always available in every county and an AVM may not give a value change as a result in changes to the community as quickly as an appraiser because an AVM only uses older data from previous sales.

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