Power tools for pros
Language: English Series: RICS Business ; March 2008, 22-23(2)Publication details: 2008Subject(s): Summary: Investigates the growing use of Automated Valuation Models (AVMs) and Computer Aided Mass Appraisal (CAMA) systems. AVMs are most commonly used for assessments for lending purposes, although lenders are now using them to risk assess manual valuations, and models have been developed for repossessions and the buy-to-let mortgage market. Other uses of AVM and CAMA technology include disaster recovery, compulsory purchase and compensation, and eventually commercial valuations. However, argues that AVM technology is not likely to replace the skilled work of surveyors and valuers.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L142943 (Browse shelf(Opens below)) | 1 | Available | 142943-1001 |
Browsing London shelves, Shelving location: Journal article Close shelf browser (Hides shelf browser)
Investigates the growing use of Automated Valuation Models (AVMs) and Computer Aided Mass Appraisal (CAMA) systems. AVMs are most commonly used for assessments for lending purposes, although lenders are now using them to risk assess manual valuations, and models have been developed for repossessions and the buy-to-let mortgage market. Other uses of AVM and CAMA technology include disaster recovery, compulsory purchase and compensation, and eventually commercial valuations. However, argues that AVM technology is not likely to replace the skilled work of surveyors and valuers.