PlatinumData Updates Cascading AVM Offering

PlatinumData Solutions, a provider of cascading automated valuation models based in Mission Viejo, Calif., has added report creation capabilities to its AVM platform that allow system administrators to track the geographic performance of specific AVMs and individual users' AVM orders.The PlatinumData platform allows lenders and investors to create customized AVM cascades that deliver valuation and activity analyses identifying property or borrower characteristics indicative of elevated risk factors. Administrators can now better understand and more strategically manage their organizations' valuation resources through the creation of "Hits Reports" and "Products Ordered by User" reports via the update, the company said. The Hits Report details usage of all AVMs that return data within the selected time period, and the Products Ordered by User report displays all the AVMs that each user has ordered within the specified period, allowing accountants to know, by user, how much AVMs are costing the organization, according to PlatinumData.