PASS®

Benefits

PASS® combines two independent valuation systems coupled with
continuous blind testing to deliver greater accuracy and hit rate. The
result is an AVM that outperforms traditional single source models.
Paired with the largest online property and ownership database in
the nation, PASS uses a hedonic model that incorporates property
characteristics that are combined with appraisal logic and price-time
indexing to arrive at an accurate and reliable property valuation.

A patent-pending, proprietary process that uses two separate
and independent valuation cores that are validated through blind
testing to deliver industry-leading accuracy and hit rate. This neural
scoring system enables the technology to sense and immediately
adapt to changing market conditions.

The Most Current and Accurate Real Estate Information

First American Real Estate Solutions (RES) updates its database
daily with the latest property sales and financing transactions, tax
ownership, assessment rolls and property characteristic data. Get
current sales comparable listings and access the latest tax
assessment information on residential and non-residential
properties across the U.S.

Rigorous Due Diligence

Based upon hundreds of thousands of observations
of continuous blind testing, PASS incorporates a
highly accurate neural scoring system that adapts
to changing market conditions.

Superior Coverage

PASS coverage includes over 970 counties. Our
nationwide coverage extends to more than 97% of
all U.S. transactions. Please visit our Web site at www.firstamres.com
for the latest available coverage.

Additional Benefits

• 
  Nation’s largest property and ownership database covering 98% of the U.S. population
• Database updated daily
• Objective second opinion in property valuations where additional due diligence is needed
• View and print archived reports

Features

• Most recent purchase data, including purchase date and price, owner name, original loan amount and lender name
• Public record information including APN, tax assessment data, last recorded sale date, as well property characteristics such as living area, number of bedrooms, baths, stories and year built
• Subject’s most probable selling price (market value) as well as the highest and lowest reasonable price
• Three to six comparable properties within the immediate vicinity with key property information
• Area price trends

Delivery Options

Get the information you need, in exactly the format you need it with
a variety of flexible delivery options:

• RealQuest® and Vector® HTML
• Connect2Data™ XML
• FTP

Customer Support

Customer and technical support is available through Client Services, Monday through Friday, 6 a.m. to 5 p.m. PT.