At CoreLogic, we employ state-of-the-art technology to give customers the competitive edge by helping them enhance performance, reduce costs and mitigate risk. We’ve been delivering automated valuation models (AVMs) since the early 1990’s and have thousands of customers who perform valuations daily to support mortgage lending and other activities associated with real estate transaction processing, customer acquisition and prospecting, portfolio mark-to-market and collateral quality control.
As a valuation pioneer, we provide constant production quality monitoring on all our AVMs and perform daily tests of all our production AVMs which include ValuePoint4®, PASS®, PowerBASE®6.0 and Home Price Analyzer (HPA). This means we value 7,000 to 12,000 properties on each of these four AVMs each day. Based on this vast quantity of data, we are capable of answering questions our customers may have with respect to hit rate or any definition of valuation accuracy. As such, we are one of the only AVM providers that publish an annual due diligence report on each of our AVM brands.
We don’t represent that we can predict the future of the real estate market. However, we are the first to see when any one of our AVMs has started to behave differently from the norm. Presently, many customers are very concerned about declining values in a plethora of markets. We, too, share their concern. This is why we constantly monitor our AVM testing results, on a brand-by-brand basis, to guard against any tendency of over valuation. It is this attention to product quality and a tireless concern for the needs of our customers, which sets CoreLogic apart from others.
Released more than a decade ago, ValuePoint4 has continued to evolve as an automated valuation model (AVM) of choice.
PASS is a premier AVM used by lenders nationwide because it delivers a high hit rate and strong accuracy.
PowerBASE 6.0 is a strong AVM in terms of both hit rate and accuracy.
Home Price Analyzer provides a comprehensive statistical home valuation tool.