With Simplified, lenders can request a specific Automated Valuation Model (AVM) or utilize the platform's technology to optimize their ability to receive an AVM that suits their needs for a particular loan.
Simplified's unique platform lets loan processors use cascade technology results to order AVMs based on best fit or historical accuracy for a particular loan. Lenders can further customize their results to only view AVMs from their preferred vendor, or to continue to select AVMs based on cascade technology results, as subject to a lender's individual underwriting risk profile.
Simplified's AVMs are provided by the nation's leading vendors, all designed to produce an accurate value estimate of residential property virtually instantaneously. Each AVM product and its underlying algorithms are proprietary to each respective vendor, and the information used by vendors includes multiple sources such as public record information and tax assessed values, as well as using hedonic and pricing indexes.
AVM products include:
- Home Value Explorer (HVE) – Freddie Mac
- ValuePoint 4
- Power Base 6
- GEO CORE AVM