Resources

What is an Automated Valuation Model (“AVM”) and do we have to validate it?

Posted in Credit Risk, Insights, Model Validations, MRM

AVMs are a regulatory hot topic at the moment. It likely these are considered “models” per regulatory guidance meaning users will have to validate any AVM in use. To provide some background, an AVM is an Automated Valuation Model, and per Fannie Mae, AVMs are “statistically based computer programs that use real estate information, such …

Read More