ICE's suite of cost-effective automated valuation models (AVMs) combines one of the largest, most expansive data sets in the industry with advanced modeling techniques, rigorous testing and high-performance technology to deliver high-quality, consistent and objective property valuation estimates.
Real estate, mortgage, capital markets and other industry professionals rely on ICE AVMs to help to reduce risk, streamline operations, decrease costs and turn times, support regulatory compliance and identify opportunities for business growth.
ICE AVMs deliver optimal hit rates and accuracy with some of the lowest percentage of outliers in the industry. We employ rigorous performance testing and validation, as well as provide property-level accuracy metrics via Forecast Standard Deviation (FSD) so you can be confident in our AVM’s results.
By working with multiple AVMs from a single source, you can gain significant benefits, including decreased costs, reduced regulatory risk and expedited turn times. Additionally, you’ll be able to provide borrowers with a consistent property estimate throughout prequalification, application and closing so they have a better overall experience.
ICE AVMs provide a wide array of specialties so you can choose the approach that best works for you, utilizing multiple or a single AVM based on desired accuracy, granularity, hit rate, coverage, etc. Our Property Valuation Model uses all eight of ICE’s AVMs, selecting the use the most accurate model based on various factors including, geography, property type and living area. Our Property Valuation Model is continuously monitored so the AVM sequence can reflect their performance. Each of the AVMs used in our Property Valuation Model include configurable logic, and are built with industry-leading models and coverage to provide high-hit and accuracy rates.