The same-old, same-old isn’t going to advance the industry. We need to think differently about things. For example, CoreLogic has introduced its Total Home Value suite of AVMs. The Total Home Value AVM suite incorporates new cascade methodologies designed to help simplify AVM selection and provide optimal performance levels and delivery options for specific business needs.
The Total Home Value product suite is a new approach to automated valuation models – made to streamline AVM selection process. Currently, AVMs have broad applications; meaning businesses must decide which AVM to use. In some cases, they may be using AVMs that are not ideal for their intended purpose. With the CoreLogic Total Home Value suite, users simply choose the solution that best fits their business case.
“Total Home Value represents a sea change in the way the mortgage industry views AVMs,” said Ann Regan, executive, product management, Collateral Solutions for CoreLogic. “With targeted audiences for each solution, multiple delivery options and simplified pricing structures, we continue to develop solutions that help our clients conduct business more efficiently.”
Total Home Value AVM solutions are currently available for portfolio monitoring, consumer-facing, origination, collateral analysis and marketing, with additional solutions to follow before the end of 2018.
About The Author
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at email@example.com.