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Articles and announcements from AVMetrics.
FeaturedArticlesThe Wild, Wild West of Automated ValuationsRecently the OCC, FDIC and the Federal Reserve proposed raising the de minimis threshold for residential properties below which appraisals are not required to complete a home loan. Currently, most homes transacting at $250K and above require an appraisal, but Federal regulators propose to raise that level to $400K. A November 30 th Wall Street…Read the article →
FeaturedArticlesCascade vs Model Preference Table® – What’s the Difference?In the AVM world, there is a bit of confusion about what exactly is a “cascade.” It’s time to clear that up. Over the years, the terms “cascade” and “Model Preference Table®” have been used interchangeably, but at AVMetrics, we draw an important distinction that the industry would do well to adopt as a standard.…Read the article →
FeaturedArticlesHow AVMetrics Tests AVMsTesting an AVM’s accuracy can actually be quite tricky. It is easy to get an AVM estimate of value, and you can certainly accept that a fair sale on the open market is the benchmark against which to compare the AVM estimate, but that is really just the starting point. There are four keys…Read the article →
FeaturedArticlesRaising the De Minimis Threshold – Fear Not!Background There is a lot of controversy about appraisals and Appraisers these days, and the FFIEC proposed rule change – increasing the de minimis threshold to $500,000 – allowing for an appraisal exemption and the use of an evaluation in lieu of an appraisal – has sparked anxiety in the world of collateral risk. Our…Read the article →
FeaturedArticlesSame Scandal, New PerpetratorIt seems like only yesterday we were lamenting the hubris of Volkswagen , loading software into their TDI models to fake out emissions tests on tens of millions of vehicles. Here we are again, this time with Mitsubishi . The only real surprise is that these companies don’t learn. Hyundai in 2012, Ford in 2014,…Read the article →FeaturedArticlesCascade vs Model Preference Table – What's the Difference?In the AVM world, there is a bit of confusion about what exactly is a “cascade.” It’s time to clear that up. Over the years, the terms “cascade” and “Model Preference Table” TM have been used interchangeably, but at AVMetrics, we draw an important distinction that the industry would do well to adopt as a…Read the article →FeaturedArticlesWhat Volkswagen Needs MostRight now, what Volkswagen needs most is probably not what you think. Yes, they need lawyers and public relations help, and probably more lawyers. And, they need some internal investigations and a new mission statement. But, what they need most is that magic thing that money simply cannot buy: Volkswagen needs to regain the consumer’s…Read the article →
FeaturedArticlesCascade vs Model Preference Table® – What’s the Difference?In the AVM world, there is a bit of confusion about what exactly is a “cascade.” It’s time to clear that up. Over the years, the terms “cascade” and “Model Preference Table®” have been used interchangeably, but at AVMetrics, we draw an important distinction that the industry would do well to adopt as a standard.…Read the article →FeaturedArticlesHow AVMetrics Tests AVMsTesting an AVM’s accuracy can actually be quite tricky. It is easy to get an AVM estimate of value, and you can certainly accept that a fair sale on the open market is the benchmark against which to compare the AVM estimate, but that is really just the starting point. There are four keys…Read the article →FeaturedArticlesRaising the De Minimis Threshold – Fear Not!Background There is a lot of controversy about appraisals and Appraisers these days, and the FFIEC proposed rule change – increasing the de minimis threshold to $500,000 – allowing for an appraisal exemption and the use of an evaluation in lieu of an appraisal – has sparked anxiety in the world of collateral risk. Our…Read the article →FeaturedArticlesSame Scandal, New PerpetratorIt seems like only yesterday we were lamenting the hubris of Volkswagen , loading software into their TDI models to fake out emissions tests on tens of millions of vehicles. Here we are again, this time with Mitsubishi . The only real surprise is that these companies don’t learn. Hyundai in 2012, Ford in 2014,…Read the article →FeaturedArticlesCascade vs Model Preference Table – What's the Difference?In the AVM world, there is a bit of confusion about what exactly is a “cascade.” It’s time to clear that up. Over the years, the terms “cascade” and “Model Preference Table” TM have been used interchangeably, but at AVMetrics, we draw an important distinction that the industry would do well to adopt as a…Read the article →FeaturedArticlesWhat Volkswagen Needs MostRight now, what Volkswagen needs most is probably not what you think. Yes, they need lawyers and public relations help, and probably more lawyers. And, they need some internal investigations and a new mission statement. But, what they need most is that magic thing that money simply cannot buy: Volkswagen needs to regain the consumer’s…Read the article →