Dart Appraisal, an independent nationwide AMC, continues to expand its product offerings with the launch of its new Instant AVM solution, according to a press release.
Instant AVM is designed for lenders who originate loans that do not require full appraisals like HELOCs, refis, asset valuations, etc.
“Dart has a long track record of continuously innovating to better serve our customers,” Dart Appraisal President Michael Dresden said in the release. “We believe the combination of technology and personalized customer service is what has set us apart over the last 30 years and Instant AVM is a perfect example of that.”
An automated valuation model (AVM) calculates an estimated property value by using mathematical models along with a database of similar properties. An Instant AVM does this in a matter of seconds instead of minutes and delivers the report to your loan file.
The company also stated that available nationwide, Instant AVM reporting is available nationwide, includes value estimate, value range, confidence score, available subject property and market data information and is available in both standard and cascade alternatives.