AVMSelect®

Defining and Refining Automated Valuation

First American CoreLogic’s first cascading AVM tool revolutionized mortgage lending by offering a solution that delivered higher hit rates and greater accuracy than possible from a single AVM.  Over the years, First American CoreLogic has continued to develop and refine the cascade model, constantly improving hit rate and accuracy to deliver a functional, dependable automated valuation tool.  AVMSelect® cascades over up to 18 of the country’s most respected AVMs with a hit rate of nearly 90 percent, surpassing individual AVMs by at least 15 percent.

AVMSelect® features geopreferencing, an innovative approach that dynamically ranks AVM selection in the order most likely to deliver accurate valuations for each geography.  First American CoreLogic’s independence ensures that AVMs are selected impartially in rank order, based solely on choosing the best-fit AVM for each property.  The system also enables company-wide consistency by allowing clients to configure specifications based on corporate guidelines and business rules.  In addition, AVMSelect® provides easy access to additional property tools that supplement AVM returns.

AVMSelect® can be delivered through a secure Web-based interface, batch processing, or direct XML integration into an institution’s production system.