Platinum Data Solutions has completed an initial round of accuracy testing on the 18 automated valuation models that it resells to lenders and servicers.

The accuracy testing provides a third-party analysis of an AVM's strengths and weaknesses and is designed to complement OptiVal, Platinum's cascading tool that ranks AVMs according to user preferences and requirements. Using the results of the AVM testing, lenders and servicers can rank the AVMs they use based on which models fit their needs at a price point lower than the $50,000 to $100,000 fee that third-party AVM testers charge.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry