What AVMs can and can’t do in the appraisal process
Housing Wire
FEBRUARY 18, 2022
Automated Valuation Models (AVMs) are commonly used today in the mortgage industry to help support the appraiser’s concluded value. Here are six misconceptions surrounding what AVMs currently do for appraisal valuation: 1. AVMs do not account for upgrades or renovations. ” Amazing, right? What about AVMs?
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