Unmatched Accuracy, Confidence and Reliability: CoreLogic Launches New Automated Valuation Model
Summary
This has created an even higher demand for efficient, accurate and reliable valuation tools.” Traditionally, AVMs were designed with broad applications in mind, requiring businesses to choose between various models. However, this choice creates an additional risk of leveraging the incorrect AVM, which can have long-lasting and negative impacts on business growth and hit rates. To address this industry-wide problem, Total Home ValueX utilizes a singular, uniform model methodology to render highly accurate valuations across all business use cases — without sacrificing hit rate — even on hard-to-value properties. “This ground-breaking AVM platform is powered by a rich data set that is refreshed daily, cloud computing, and machine learning techniques leading to superior AVM performance that can be validated with independent testing.” CoreLogic (NYSE: CLGX), the leading provider of property insights and solutions, promotes a healthy housing market and thriving communities. Through its enhanced property data solutions, services and technologies, CoreLogic enables real estate professionals, financial institutions, insurance carriers, government agencies and other housing market participants to help millions of people find, buy and protect their homes.
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