Valuation Selector is an automated solution designed to analyze property data and local market conditions, determining the most suitable valuation method for each property before an order is placed. By leveraging public records, assessor, and listing data, it applies advanced logic and analytics to recommend appropriate valuation types, such as full appraisal, desktop exterior, desktop interior, AVM with inspection, or AVM. This proactive approach helps reduce origination costs and accelerates turnaround times.

Key Features & Benefits

• Comprehensive Data Analysis:
  • Utilizes extensive public records, assessor, and listing data to inform valuation recommendations.
  • Provides a subject property complexity score and AVM confidence score for informed decision-making.
• User-Friendly Interface:
  • Simple input of property addresses yields immediate, objective valuation method recommendations.
  • Generates comprehensive reports detailing the recommended valuation type and rationale.
• Flexible Integration Options:
  • Offers multiple delivery methods, including direct integration with Encompass® LOS, batch processing, web access, or API.
  • Enables Encompass® clients to automate the tool via Automated Service Ordering (ASO) when specific loan conditions are met.
• Enhanced Efficiency and Cost Reduction:
  • Determines the appropriate valuation method upfront, minimizing unnecessary costs and delays.
  • Guides users on when an AVM can replace a traditional appraisal, streamlining the valuation process. By implementing Valuation Selector, lenders and mortgage professionals can enhance operational efficiency, reduce costs, and ensure the use of the most appropriate valuation methods for each property.