ICE takes a holistic approach to the valuation process with automated, objective solutions

The need for cost-effective, highly accurate and objective property valuations has been heightened by today’s complex real estate and mortgage market conditions. To streamline the valuation process, lenders and appraisal management companies (AMCs) need a comprehensive suite of valuation solutions that provide transparent, automated and credible outputs.

ICE’s valuation solutions are delivered through an end-to-end technology infrastructure across the real estate and mortgage loan life cycle. We curate one of the largest and most expansive property data sets in the industry, covering 99.99% of the U.S. properties. Our data sets are combined with daily model monitoring and testing, high-performance technology and expert support to deliver property valuation solutions with optimal hit-rates, coverage, accuracy and consistency.

Automated Valuation Models (AVMs)

Our premier product offering, our Property Valuation Model, leverages multiple ICE AVMs and selects the most appropriate model based on geography, and configurable rules and logic. The solution can also be customized based on specific business rules and tailored to our client’s needs or use case.

We continuously test and validate the models’ performance using our AVM Model Monitor that helps support accuracy, stability, reliability and compliance. Additionally, we frequently evaluate our geographic coverage which provides data in every state, including thousands of counties and over 20,000 ZIP codes.

HomePriceTrends®

HomePriceTrends is a residential market condition analytics tool that provides near real-time data and reports on local home prices, sales activity and market conditions related to specific market areas, property types or individual properties. The solution supports every step and function of the mortgage life cycle including origination, underwriting, quality control, servicing, portfolio review, default management and more.

Risk Profiler®

Risk Profiler is an automated analytical tool designed to help improve the property valuation process, helping to provide efficiency gains, cost savings and valuation accuracy verification. The solution conducts detailed analyses of appraisal reports to identify probable valuation risks and support appraisal-quality reviews.

Validate

Validate is our consumer-facing mobile solution that leverages computer-vision technology, a condition-adjusted AVM, up-to-date property data and user-provided photos to objectively determine a property’s value and available equity. The solution’s GPS-tracking capabilities verify the authenticity of the photos taken at the property.

Valuation Selector

Valuation Selector helps accelerate and streamline the property valuation process by analyzing public records, assessor and listing data to assess and recommend the appropriate valuation type to use. By determining the valuation method upfront, Valuation Selector accelerates the property valuation process, helping to reduce unnecessary origination costs and turn times.

Learn more about how ICE’s valuation solutions help improve customer satisfaction, reduce risk and increase turn times.