This unique solution brings together the CoreLogic best-in-class automated valuation models (AVMs) to create a statistically objective cascade model that produces hit rate and accuracy results that meet or exceed the performance of any individual AVM or cascade in the market today. Users simply enter a street address and zip code to start running a property through the cascade. The cascade automatically selects the most accurate valuation model from the four CoreLogic AVMs and delivers one or more valuation results. Our GeoAVM Cascades are used by organizations nationwide for its superior accuracy and high hit rate.
- Cascades the four well-known CoreLogic automated valuation models, each with a different and regularly re-tuned analytical engine to maintain accuracy
- Analyzes results on potential factors that often include geography, price tier, property type, subject property factors and other variables
- Pre-screens for and removes fraudulent and REO transactions, drawing from our industry-leading property and transaction database.
GeoAVM Cascades Available Today
- GeoAVM Core was created to deliver our strongest hit rate with high accuracy. It tends to have a higher hit rate because it eliminates some of the geographic performance constraints inherent in the GeoAVM Precision cascade. Customers looking to use one of our created and tested AVM cascades; but are not subject to interagency guidelines, can use GeoAVM Core to get the property values they require.
- GeoAVM Precision was designed with interagency guidelines in mind and offers our premier level of accuracy designed to meet the unique needs of banks who intend to use an AVM in lieu of an appraisal for a funding decision. GeoAVM Precision adds additional layers of logic to GeoAVM Core and therefore provides the highest level of accuracy available. GeoAVM Precision is more tightly controlled through geographic performance constraints; therefore, the hit rate will not be as strong as Core; however, Precision does have a solid hit rate given its surgical rule set.
Contact us today to learn more about the power of RealQuest Professional — the standard in property data and analytics.
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