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Automated Valuation Model

AVMs – The Micro vs the Macro

The use of the Automated Valuation Model (AVM) is becoming more common, relied upon by mortgage agents, brokers and lenders across Canada. This is for three main reasons: cost, convenience and accuracy. An AVM is generated automatically, usually through a desktop or mobile application. An AVM will generate... Read more

Property Appraisal vs. Automated Valuation Model

We hear it often enough, but is the question of an appraisal vs automated valuation model really a question of either or? This blog will explore this very question. First, let’s take a look at the differences between an appraisal and an automated valuation model (AVM). An appraisal... Read more

Boots on the Ground: Automated Valuation Models the New Drive-by Appraisal

Drive-by appraisals have historically been the norm, even if you are a lender who finances insured deals that don’t require a conventional appraisal. Drive-by appraisals are the closest thing that lenders have to putting boots on the ground to validate the information submitted in an application. While drive-by... Read more

Collection Problems: Your Underwriting Tools are the Answer

rsz_underwriting_tools We often write about topics surrounding due diligence and strong underwriting procedure to mitigate bad deals going on the books. But what happens when deals start going bad? What steps can you take to protect your interests? The more you know, the better off you’ll be when... Read more

Do You Upsell Your Deals?

pfl-up-sell-your-deals-2 When a deal comes in through a broker or even a branch, the first thing you likely look to do is get the presented deal approved. You assume that the deal originator has collected all of the information, that the information is accurate and that the deal... Read more

Online Appraisals Available in Canada?

online-appraisal-sm Obtaining an appraisal can be a time consuming and expensive process. While appraisals are not necessarily required on all deals, when one is required it can be a time-consuming pain in the butt. Generally speaking, most lenders and insurers now leverage automated valuation models (AVM) in the... Read more

How to Mitigate Mortgage Risk on a Macro Level

map sm Lenders are increasingly leveraging data to mitigate the risk that their mortgage portfolio represents on a far greater level than ever before. If you represent a lender, especially in the area of risk mitigation, then this is the blog for you! Valuations are critical! While you evaluate... Read more