FirstClose is proud to offer FirstValue, a unique and proprietary Automated Valuation Model.

FirstValue Features, Advantages, and Benefits

• Low, High, and Estimated Values
• Simplified Confidence Scores
• More Accurate Value Ranges
• More Accurate Estimated Values
• More Accurate Comparable Property Data
• Simplified Report Format
• Ability to Customize Data Input Elements to Appear on Report
• Distressed Value Option for REO and Loss Mitigation
• Ongoing Quality Control Testing and Back-Testing
• Compatible with the ValueTest AVM Back-Testing Solution

Need AVM’s with Accuracy?

FirstValue Methodology

Utilizing sophisticated algorithms combined with the most current sales history and industry leading AVM provider data, FirstValue offers top of the line results. Because FirstClose is an independent third party provider, unbiased test results can be evaluated, monitored, and reported to FirstClose customers on a regular basis via ValueTest.

ValueTest is a comprehensive approach to testing Automated Valuation Models (AVMs) and is available only to FirstClose customers. The ValueTest program is designed to help lenders satisfy regulations and guidelines from Fannie Mae, Freddie Mac, the OCC, the NCUA, and other regulatory bodies that have imposed requirements or guidelines on lenders to test the strengths and weaknesses of the AVMs they use. Utilizing a vast array of the mortgage industry’s top AVM companies and collateral risk assessment tools, ValueTest provides lenders with a simple, easy, and inexpensive way to satisfy regulatory requirements.

Feel Confident with FirstValue