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Automated Valuation Models |
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AVMs, or automated valuation models, automate the subject property valuation process. They are commonly used on refinances, equity loans, quality checks, and other types of loans where property ownership is not changing. Many different real estate factors are used in processing AVMs: recent sales in the subject property area; overall market conditions; conforming neighborhood; CPI (Consumer Price Index); and GNP (Gross National Product). AVMs are 30-second reports, meaning that the completed report should return to the user in 30 seconds or less.
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