Credit unions set themselves apart by offering personalized service, strong community relationships, and a commitment to putting members first. As the mortgage landscape evolves, credit unions face increasing pressure to deliver faster decisions, manage operational costs, and maintain effective risk management practices.
To remain competitive while preserving a personalized experience, credit unions can adopt innovative valuation tools, such as an indemnified AVM, to streamline business operations, support confident lending decisions, and keep members’ needs a top priority.
What is the difference between a standard appraisal and an indemnified AVM?
An indemnified AVM combines the valuation with indemnification support, helping lenders manage and protect their valuations when needed.
ValueProtect AVM™ from Teranet and FNF Canada combines Teranet’s industry-leading property data technology with FNF Canada’s specialized indemnification coverage to deliver greater confidence in property value decisions. By combining reliable property data with an added layer of protection, ValueProtect AVM supports lenders in making informed valuation decisions across a wide range of markets.
While a standard appraisal makes sense in certain lending situations, an indemnified AVM offers lenders a streamlined alternative when faster decisions are needed without compromising risk management.
ValueProtect AVM is particularly well-suited for lower-risk transactions where an automated valuation can support informed lending decisions, including:
- Mortgage refinancing or renewals: Assessing property values to help determine available equity and support refinancing and renewal decisions.
- Home equity line of credit (HELOCs): Evaluating property collateral to support home equity lending opportunities.
- Low risk lending transactions: Streamlining the valuation processes where an automated approach aligns with the credit unions’ lending policies and risk tolerance, including situations with lower loan-to-value (LTV) ratios.
What does ValueProtect AVM offer your business?
The Teranet Valuation provides:
- Instant program qualification feedback
- Trusted, best-in-class Teranet AVM derived from authoritative land registry data
- Pass/fail response with a detailed report
- Critical property data elements to satisfy regulators in Canada
The FNF Canada Indemnification provides:
- Coverage up to $2.5M in major markets
- Self-report and only indemnify funded loans
- Industry-leading coverage with continuously expanding zones
Supporting a better member experience
Not every mortgage transaction requires a traditional appraisal. For qualifying low-risk transactions, ValueProtect AVM offers credit unions an alternative that can help reduce time and operational steps in the lending process.
By incorporating an indemnified AVM into their lending workflows, credit unions can align their valuation approach with each transaction’s risk profile, supporting faster lending decisions while maintaining defined indemnification protection.
This flexibility can mean less time spent on valuation-related processes and more time focused on what matters most: serving members and building relationships. The result is a more efficient lending process that valuation approach supports the personalized member experience credit unions are known for, without compromising risk management.
Interested in exploring how ValueProtect AVM could fit into your lending workflows? Learn more about ValueProtect AVM and how it can help your organization manage risk while maintaining operational efficiency.
