Mortgage Lenders Requiring Automated Valuation Model Appraisals (AVMs)

  • Posted by Thomas Conwell
  • On August 22, 2009
  • appraisal, AVM, conforming mortgage, hvcc
In addition to the increase in the use of AVMs associated with the Home Valuation Code of Conduct (HVCC), we’re seeing a trend of conforming lenders requiring the submission of an AVM on the subject property.  The lender then uses the AVM to support the valuation, often in lieu of obtaining a full desk review.  If the AVM does not […]
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