Automated valuation model means an automated system that
Automated valuation model means a computer software program that analyzes data using an automated process, such as regression, adaptive estimation, neural network, expert reasoning, or artificial intelligence programs, that produces an output that may become a basis for appraisal or appraisal review if the appraiser believes the output to be credible for use in a specific assignment.
Automated valuation model. A statistical mood or algorithm that estimates the market value of the subject property as of a particular date.
Examples of Automated valuation model in a sentence
Pursuant to Section 2.05 of the Agreement, IndyMac has delivered to the Purchaser the documents for each Mortgage Loan to be purchased as set forth therein.
NOTE: Automated valuation model estimates from Zillow and similar sources will be given no weight due to inherent inaccuracies which significantly reduce their credibility.
Applicants are expected to discuss, understand, and comply with all aspects of this RFA.
This Act comes into force on the day on which this Act is passed, subject to subsection(2).
See https://www.brokerpriceopinion.com.2 Automated valuation model (AVM) is the name given to a service that can provide real estate property valuations using mathematical modeling combined with a database.
More Definitions of Automated valuation model
Automated valuation model means an automated system that is used to derive a property value through the use of publicly available property records and various analytic methodologies such as comparable sales prices, home characteristics, and historical home price appreciations.
Automated valuation model means an automated system that is used to
Automated valuation model means any computerized model used bymortgage originators and secondary market issuers to determine the value of a consumer’s principal dwelling collateralizing a mortgage.
Automated valuation model means a computer software program that analyzes data using an automated process, such as regression, adaptive estimation,
Automated valuation model means a computer software program that analyzes data using an automated process, such as regression, adaptive estimation, neural network, expert
Automated valuation model means a computer software program that analyzes data using an automated process, such as regression, adaptive estimation, neural network, expert reasoning, or artificial intelligence programs, that produces an output that may become a basis for appraisal or appraisal review
Automated valuation model means an automated system that is used to derive a property value through the use of publicly available property records and various analytic methodologies such as comparable sales prices, home characteristics, and historical home price appreciations.(Source: P.A. 96-844, eff. 12-23-09; 97-602, eff. 8-26-11.)(225 ILCS 458/5-10)(Section scheduled to be repealed on January 1, 2022)Sec. 5-10. Application for State certified general real estate appraiser.