Automated Valuation Model
Epic Real Estate Solutions, Inc. - Provices access to five of
the nation’s top AVM models on our website which provides a more complete solution for
our clients. Our AVM Solution is called PVP (Precision Valuation Platform) which
provide a cost effective alternative that offers superior coverage which is optimized
to fit our clients lending footprint and with a 92% hit rate. AVM’s will aide in
improving margins, closing loans faster and driving your profits.
HVE (Home ValueExplorer) - For over 15 years Freddie Mac has effectively employed automated valuation
models (AVM’s) internally for its own risk and portfolio management. Lenders can
benefit from this proprietary data, modeling expertise, industry knowledge and the
long standing reputation that Freddie Mac and Home Value Explorer (HVE) bring to
the market. HVE was created to streamline the lending process by cutting the collateral
assessment time down to seconds and saving hundreds of dollars on each transaction.
When you combine 30+ years of historical home purchase data with the largest national
property data repositories and a variety of modeling techniques, such as repeat
sales indexing, hedonics, and combining logic, you get the BEST AVM on the market.
HVE offers unmatched performance and unrivaled geographic coverage. In fact, HVE
is the only AVM with coverage in all 50 states and Wash. D.C. HVE covers more than
2500 counties, representing over 70% of the National Housing stock, and the list
is continually growing. You can count on receiving valuation data (hits) on approximately
70% of all properties submitted. If prior sale information is provided, hit rates
are even higher. HVE provides confidence scores that are easy to interpret and are
statistically based on the forecast standard deviation (FSD)
Pass – 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. PASS coverage includes over 800 counties and
extends to more than 97% of all U.S. transactions. ValuePoint 4 – Released more
than a decade ago ValuePoint 4 has continued to evolve as the automated valuation
model of choice. Newly released ValuePoint4 combines two independent valuation systems
coupled with a continuous blind testing process to deliver greater accuracy and
hit rate. The result is a next generation AVM that outperforms traditional single
system models. The types of valuation methods contained in ValuePoint4 include:
Hedonic, repeat sales indexes and a patented nueral net technology. Powerbase –
Powerbase 6.0 is an intelligent automated valuation model (AVM). It combines the
power of two proprietary engines (Pass & HPA) to simultaneously calculate a more
accurate and reliable property valuation than any single-source process. PowerBase
6.0’s superior coverage and output enables lenders to more effectively use AVM’s
in their loan processing decisions. PowerBase 6.0 combines the best of hedonic and
indexing technologies to create an advanced AVM offering advancements in the following
areas:
- Supplies property and ownership data coverage in every state.
- Encompasses 97 percent of U.S. transactions - Fuses the statistical information from our multiple
data sources to offer lenders a more accurate and reliable property value.
- Produces a consistent hit rate in excess of 80 percent.
HPA2000– Home Price Analyzer (HPA)is a hybrid automated valuation Model (AVM) known throughout the industry for generating
immediate and reliable residential property valuations with superior coverage. HPA
searches historical residential sales records using three independent methods: Hedonic,
Location Based and index Based. It provides the following:
- Full address details and property type.
- Current property value and distresses property value.
- Most recent purchase data, including purchase date & price, owner name, original loan amount & original lender name.
- Refinance and second loan amounts, dates & lender names.
- Prior sales date, sales price & owner confidence score & valuations graph.
- Year built, APN & square footage information on at least 3 proximal properties within the Immediate vicinity.
- County median sale price.
- Area price trends.
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