Clear Capital has launched a new automated valuation model, ClearAVM.
The company announced it’s expanding its analytics-based offerings with a new lending-grade AVM that is designed for pre-valuation, portfolio valuation, home equity situations and underwriting.
“We knew we had to rethink the traditional approach to building AVMs, which actually relies on highly manual methods that have trouble keeping up with rapidly evolving needs,” said Kevin Marshall, president of Clear Capital. “By embracing machine learning, ClearAVM can quickly and automatically find the best path to an accurate valuation for any particular scenario by training itself on Clear Capital’s unique data set.”
