Automated Valuation Models
Dynamic property valuations with exceptional accuracy, hit rates and reliability
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 reliable, consistent and objective property valuation estimates.
Why use our AVMs?
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.
Comprehensive, reliable data
ICE AVMs draw from our nationwide property data, including public records collected directly from the source; listings data; and multiple third-party data sets.
Proven methodologies
We use advanced modeling and proven methodologies that deliver consistent, objective results. Each AVM relies on the same data sets but uses different algorithms and techniques when arriving at property valuation estimates.
Rigorous testing
Extensive performance tests are conducted regularly, including daily blind performance testing and validation.
High-performance technology
With our end-to-end technology ecosystem, we can deliver consistent property valuations at any point of the real estate, origination, servicing or capital markets workflow.
Expert support
Our dedicated team will support you every step of the way to simplify your valuation strategy, streamline workflows and support compliance.
Customizable AVM sequencing
In addition to automatically selecting the best sequence of AVMs to leverage, ICE AVMs also allow you to customize the sequence based on specific criteria, including extensive granularity on rules, geography and property type data.
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A single source for best-in-class AVMs
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.
Use cases
- Lead generation
- Loan prequalification, decisioning and underwriting
- Appraisal validation
- Portfolio management
- Identification of retention opportunities
- Loss mitigation decisioning
- Home equity lending
- Valuations during foreclosure and REO processes
- And more
Property Valuation Model
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.
