Alternative Valuation Products

Automated Valuation Model

Mercury Network tests 21 AVMs on a continuous basis to evaluate how well they perform absolutely and relative to one another. Ten of these AVMs are commercially available for use in a cascade.

There are several steps to the process for AVM evaluation including identifying good benchmark data, creating test files, combining the AVM estimates with the benchmarks, and analyzing the data.

The table below lists the vendors and their respective models which are included in the AVM test results.

AVM Vendor Model(s)
Equifax
AVM Insight
Freddie Mac
HVE
HouseCanary
HouseCanary Value Report
RealInfo
iVal
Black Knight Finan- cial Services
SiteX, RVM, Value- Sure
CoreLogic
PASS, VP4
RELAR
RELAR
Veros
VeroValue

Value + Inspection Report

On Demand

Complete process conducted within (3) business days powered by national network of certified inspectors fueled with HouseCanary’s leading valuation platform.

Onsite Inspection

Certified, local inspectors conduct onsite review of property per requestor requirements (exterior only, exterior plus interior, full property condition report plus rehab budget).

Condition-Informed Valuation

Final valuation driven through property condition adjustments to HouseCanary’s leading valuation models.

Use cases:

  • HELOCs
  • Portfolio Review
  • Financial Services
  • Transaction <$250K