Skip to main content

Credit Plus releases AVM-Lite for property valuation

Aug 27, 2009

Mortgage professionals can now obtain a snapshot of a property’s valuation without having to pay for a full automated valuation model (AVM) report or appraisal, announces Credit Plus Inc. AVM-Lite, a new product from Credit Plus, provides a property’s estimated value, estimated range and a confidence score, all within seconds of the request. “In this current housing market, AVM-Lite is a particularly valuable tool for customers and mortgage lenders alike,” said Steve Grant, President of Credit Plus. “The instant property valuation it provides helps mortgage professionals decide if it is worth moving ahead with a more expensive uniform residential appraisal report.” Credit Plus returns one or more of the best-performing AVM-Lite reports by cascading across six of the industry’s most respected AVM models. This impartial approach greatly increases hit rate and accuracy. Mortgage professionals who upgrade from AVM-Lite to a full AVM report within 30 days pay only for the full AVM. AVM-Lite streamlines the property valuation process with an easy-to-use program. Users simply enter a street address and ZIP code; and seconds later, the program generates optimum valuation results. For more information, visit www.creditplus.com.
About the author
Published
Aug 27, 2009
Bringing Buyer Agents Back To The Table

Dispelling misinformation about the broker commission lawsuits

CFPB Scores Major Victory In Townstone Financial Redlining Case

Seventh Circuit rules CFPB has broad authority to discourage discrimination to combat redlining

Jul 15, 2024
The New Frontier

In a modern lending landscape, be on high alert to safeguard against appraisal bias

CHLA Urges CFPB To End Trigger Lead "Junk Calls"

CHLA sends another letter urging the CFPB to focus on trigger lead solicitations.

CFPB Orders Freedom Mortgage To Pay $3.95M Over Housing Data Errors

CFPB proposed an order requiring Freedom Mortgage to pay a $3.95 million penalty