Credit Plus releases AVM-Lite for property valuation – NMP 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
Congress Weighs New Roadmap To End Fannie, Freddie Conservatorship

Rep. Scott Fitzgerald's three-bill housing package would establish a statutory framework for releasing the GSEs while expanding construction lending and easing some TRID compliance requirements

CHLA Backs Bank Capital Proposal, Questions Impact On Mortgage Lending

Trade group supports lower mortgage risk weights but says broader market forces — not capital rules — drove banks' retreat from the market

Senate Passes 21st Century ROAD To Housing Act In 85-5 Vote

Sweeping housing package heads back to House after Senate clears final version with broad bipartisan support

MISMO Updates Business Glossary To Support AI, eMortgages

New definitions covering eHELOCs, remote online notarization, valuation modernization, and compliance initiatives aim to improve consistency

Underwriters Don’t Slow Down Loans. They Eliminate Uncertainty.

ndustry’s biggest bottleneck is not underwriting itself — it is the uncertainty that reaches underwriting too late in the process. When validation happens upstream, speed follows naturally.

MISMO Launches AI Governance Framework For Mortgage Lenders

New FRAME toolkit gives lenders, servicers, and technology providers a roadmap for managing AI risk while supporting innovation