Loading...

GeoAVMTM Distressed

Loading...

GeoAVMTM Distressed was purpose built for use by the loss mitigation section of the loan servicing department. It's a simple and cost-effective supplement to BPOs, allowing servicing managers to forecast a realistic property value and determine the current loan-to-value ratio.

GeoAVM Distressed is an AVM that has been explicitly designed and calibrated to predict a "distressed value" for the property as opposed to a market value. It's a hybrid model that combines index, assessment, and neural-net methodologies with a proprietary reconciliation procedure that takes into account property-specific and micro-market factors influencing the delinquent property's current market value.

Given GeoAVM Distressed lower cost and shorter turn time, clients are noticing a significant savings in their valuation costs by deploying this product, especially in the earlier stages of the default and foreclosure process. It enables managers to spend funds on more seriously delinquent loans and save on overall loan servicing costs.

Loading...
Loading...

Want to Know More?

Loading...

Contact us today to learn more about the power of RealQuest Professional — the standard in property data and analytics. 

Call us toll free (800) 345-7334