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"AVM" is the acronym for Automated Valuation Model.

AVM technology was developed to provide a cost-effective alternative to the manual appraisal process.

AVM's automate the data gathering and analysis of the same data compiled by professional appraisers.

The largest banks, credit unions, and mortgage companies use statistical modeling and predictive technology to generate automated appraisals' for the approval of home mortgages and home equity loans. Within the residential lending industry automated appraisals are referred to as "AVM" appraisals.