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Outpace The Competition With Property Valuation Estimates

By April 30, 2020May 13th, 2022Financial Solutions

AVMs – automated valuation models – can be the secret solution that makes a more competitive lender.

AVMs allow lenders to estimate property value based on a mathematical algorithm. While it does not replace a full appraisal, an AVM can:

  • Verify stated value by the client (important for mitigating risk).
  • Allow the lender to validate if a deal is viable quickly, saving valuable time and effort.
  • Help identify upsell opportunities.
  • Find opportunities clients may not even be aware of through estimating available equity.
  • And more…

AVMs are a versatile tool that can give your lending operation a leg up on the competition. We are diving into detail about what they are and how to access them on the Purview blog.

Read all about AVMs here: https://www.purview.ca/three-letters-that-make-you-more-competitive-avm/