Automated Valuation Model (AVM)
An innovative data product from the Axilogic/MPAC JV Partnership.
Using advanced statistical techniques, external datasets and our proven appraisal methodologies, we offer an Automated Valuation Model (AVM) solution for any jurisdiction. AVM is an accurate real-time estimate of market value for residential properties in a jurisdiction. AVM values are updated every two weeks and can examine dozens if not hundreds of variables related to a residential property, ensuring valuation accuracy.
Axilogic AVM solutions have several important purposes that can help clients save substantial time and money. For instance:
- Mortgage Approval: Traditional property appraisals are expensive and can delay mortgage approval. Lenders using our AVM solution can instantly determine property value (and trends), at approximately 1/10 the cost of a traditional property appraisal. AVM values are updated every two weeks, ensuring the most current values possible.
- Insurance Underwriting: Like mortgage approvals, ordering a physical property appraisal to determine replacement cost is expensive and time consuming. Using our AVM solution drastically reduces time and cost associated with the underwriting process, important in highly competitive insurance markets.
- Portfolio Analysis: By utilizing Axilogic AVMs, financial institutions can easily monitor and proactively adjust the market value of their residential portfolios. This is extremely valuable during times of market volatility.
AVM reports for any subject property can be accessed in PDF format through a custom designed web interface or directly into your own applications via Axilogic Web Services (AWS).
AXILOGIC ASSESSMENT CORPORATION, 100 VIA RENZO DRIVE, SUITE 304, RICHMOND HILL, ON, CANADA, L4S 0B8
AxiLogic Assessment Corporation is a proud member of Axilogic Group (www.axilogicgroup.com)