Quantarium, an automated valuation model (AVM) provider for real estate valuations located in Bellevue, Wash., recently announced its Quantarium Valuation Model is Fitch-rated and reviewed, according to a press release and a Fitch Ratings announcement.
This designation provides Capital Markets the optionality and assurance for incorporating the valuation industry’s artificial intelligence AVM service platform into their decisioning and monitoring workflows.
“Quantarium is pleased that stakeholders in Capital Markets can incorporate our QVM (Quantarium Valuation Model) service,” Quantarium co-founder and Chief Analytics Officer John Smintina said in the release. “The synthesized offering of Quantarium’s Data Lake, QVM and computer vision service offers stakeholders, through a single provider, unmatched performance in the industry.”
Over the years, QVM has been independently tested and top ranked for its use in home purchase transactions, home equity lending, portfolio review and quality control, according to the company.