Automated valuation model definition
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 means an automated system that
Automated valuation model. A statistical mood or algorithm that estimates the market value of the subject property as of a particular date.
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 or “AVM” means a statistically based estimate of a property’s value based on publicly available information such as comparable sales, property characteristics, and price trends.
Automated valuation model means an automated system that is used to
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, with respect to any Property, a service that assesses the value of such Property, as determined pursuant to the Underwriting Guidelines.