Represent a viable option for much of the current origination volume
Key takeaways: Automated valuation models often come under special scrutiny as mortgage experts seek to increase technology in the industry while warding off the possibility of another housing crisis, but one expert explained why AVMs could work in today’s mortgage lending environment.
Why it matters: Initially used as a way to decrease costs, this new resurgence of AVM use is proving, through man vs machine testing, that AVMs are a viable option for much of the current origination volume – this is where the game changing moment resides.