Get Ahead of the Competition and Reduce Costs

Client Need

A California credit union, once thought to be ahead of the race in AVM use, discovered that its AVM environment had become outdated, costly and uncompetitive. They wanted a decision management solution that would enable them to choose among multiple AVMs, establish customized business rules and tighten permissions amongst its multiple users.

Solution

RealQuest®.com, with our patent-pending Vector™ decision management feature, enabled them to instantly automate their underwriting business rules for AVM selection. Vector’s proprietary AVM testing engine also enabled them to select the best performing AVMs, while the administrative function allowed them to monitor and control usage. They found that Vector’s AVM sequencing rules, along with built-in access to AVMs such as ValuePoint®4, PowerBASE®, Home Value Explorer® (HVE) and Fiserv’s CASA®, took the hassle and guesswork out of AVM selection.

Results

To date, the credit union has reduced cost by approximately 10% per month by optimizing the AVM cascade and monitoring usage with the administrative module. Also, its entire user group participated in First American CoreLogic free online training session, which accelerated implementation and adoption, and helped the users understand other time-and cost-saving features such as retrieving property detail information and comparables.