What is an Automated Valuation Model (AVM)?
-
A
A manual appraisal method that still requires a licensed appraiser to inspect the property
-
B
A computer-based tool that estimates property value using statistical models and public data
-
C
A government-approved replacement for the standard URAR appraisal form
-
D
A lender's internal system used to schedule and track appraisal orders