Perspectives Paper: Automated Valuation Models and Residential Valuations
IVSC
NOVEMBER 30, 2022
In October 2020 the IVSC issued its Agenda Consultation 2020 which highlighted Automatic Valuation Models (“AVMs”) as a key topic to be considered by the IVSC over the next few years. The Agenda Consultation stated that the “IVSC Technical Boards had originally begun to look at this topic due to market feedback on technological disruption caused by the increasing use of AVMs in many markets, particularly by banks and valuers for the valuation of residential properties for secured lending purpos
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