Eliminating Inefficiencies, Data Inconsistencies, and Operational Headaches
by homegenius Real Estate LLC
For residential lenders, implementing a robust valuation waterfall that integrates Automated Valuation Models (AVMs), property inspections, and hybrid appraisals like Amplified Appraisal Reports (AARs) can be helpful in optimizing efficiency while maintaining accuracy.
Starting with Technology: AVMs
An effective waterfall begins with an AVM. As one of only five approved for Fitch-rated RMBS transactions, the geniuspriceAVM, provided by homegenius Real Estate, delivers timely, accurate, and cost-effective property pricing that helps institutions monitor risk. HomegeniusIQ, a proprietary image recognition and computer vision tech, identifies objects of value and scores room conditions to produce enhanced value estimates. In addition, the geniuspriceAVM model leverages data from multiple sources spanning all fifty states and the District of Columbia.
On-the-Ground: Property Inspection
When needed or required, comprehensive property inspections help provide critical insights into condition and neighborhood attributes, so you can make informed decisions based on current, accurate information.
Onsite Value Verification: AARs
When a property requires an additional onsite value verification, AARs offer a USPAP-compliant hybrid solution. Combining onsite inspections by local licensed real estate professionals along with the experience of state-licensed appraisers, homegenius Real Estate’s AAR can deliver reliable valuations in five business days or less — faster and more affordable than traditional appraisals.
The Single-Provider Advantage
Working with a single experienced provider, like homegenius Real Estate, can help create seamless integration, consistent quality standards, and streamlined workflows.
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