Bookmark and Share
Our Services
Service Overview
AVM

An automated valuation model (AVM) may be the best economic choice depending on the loan. Our AVMs are delivered in real time, no waiting means you can review and close loans faster. We offer a wide variety of the industry’s top AVM vendors with an advanced, flexible cascading order option. With top AVM vendors to choose from, we help ensure the widest footprint of coverage available in the industry, all at competitive prices.

FirstClose also offers ValuePoint4 Default by First American. This AVM solution was developed specifically to be used in default servicing and early stage loss mitigation solutions. ValuePoint4 Default is an AVM that adjusts for distressed property conditions, unlike other AVMs that assume each property is in average condition for the neighborhood.

REQUEST MORE INFO
Service Features
  • Standard AVM ModelsStandard AVM Models

    Our suite of vendors offers the greatest geographic coverage, hit rate and accuracy in the industry. Our system also offers the flexibility to change vendors in the cascade order quickly and easily. Choices include:

    • Freddie Mac - Home Value Explorer® (HVE)
    • Fiserv - CASA
    • First American - GEO AVM (Cascade)
    • First American - HPA
    • First American - ValuePoint4
    • First American - PowerBASE 6.0 (thru GEO AVM cascade only)
    • First American - PASS
    • Branton Technologies - ValueSure
    • Branton Technologies - ValueWizard
    • Vero - VeroValue
    • Net-Value

  • Guaranteed AVMs Guaranteed AVMs

    Within the FirstClose platform, not only can you order and receive the top AVMs the industry has to offer, you can also insure any of the AVMs against potential losses. Backed by a professional A rated Errors & Omissions insurance policy, FirstClose provides additional protection to lenders in order to compliment the speed and economy of an AVM…enabling risk mitigation and speed to co-exist.

  • AVM Analyzer ValueTest

    The FirstClose ValueTest is a comprehensive approach to testing and validating property data supporting Automated Valuation Models. It is designed to help lenders satisfy guidelines imposed by Fannie Mae, the OCC, the NCUA, and other regulatory bodies.

    Compares multiple AVMs and mimics 2nd mortgage AVM ordering methods, including Cascading AVMs. Compares AVMs to current purchase prices & current appraised values. Additional Flip/Fraud protection tools available, such as Loan IQ and History Pro.

    ValueTest monthly reports provide:
    - Standard deviations & statistics relating AVMs to Current Purchase Prices.

    - Standard deviations & statistics relating AVMs to Current Appraised Values.

    - Enables lenders to QC first mortgage appraisals and pass legitimate fees onto first mortgage borrowers.

Service Vendors