The new AVM also estimates and updates total return estimates
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Collateral Analytics, a provider of real estate analytic products, has unveiled a newly developed automated valuation model (AVM) to support lenders with monitoring commercial property values and provide commercial real estate valuations that are accurate, fast and cheap.
Instead of tracking property values using “book values” on most financial statements, corporations can utilize the Collateral Analytics Commercial AVM to rapidly update property values. Investors can update property portfolios as swiftly and accurately in aggregate as the manual appraisal process.
"The Collateral Analytics Commercial AVM was created to address a burgeoning need for monitoring property values, not just for mortgage loans but for estimating and updating total return estimates," said Michael Sklarz, CEO and president of Collateral Analytics. “The need for speed and efficiency for property values, in general, suggest a new Commercial AVM should be well received in the marketplace."
