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 CoreLogic 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.facorelogic.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