Credit Suisse

Viewpoint: Wrong Place, Wrong Time for Product Placement 

First American CoreLogic used a study in the most recent version of LoanPerformance’s Market Pulse newsletter to tout the accuracy of its new automated valuation model targeting the default industry, called ValuePoint 4 Default. In the study, the company compared the accuracy of broker price opinions to its AVM platform — and I don’t think HW readers would be shocked at all to find out that the study found that the AVM performed as good or better than BPOs in hitting “distressed property value.”