An Automated Valuation Model (AVM) is a computer-based system that uses statistical algorithms and property data to estimate a property’s value, instead of a formal appraisal by a human. AVMs examine public records, sales history, tax data, and property features to quickly provide a data-driven estimate of a property’s worth. They are commonly used by lenders, real estate agents, and financial institutions for tasks like loan underwriting, refinancing, and portfolio valuation. 

Benefits of AVMs:

• Faster Turn Time
• Market Accuracy
• Lower Price Point
• Eliminates Bias