The future of AVM modelling
Language: English Series: The South African Valuer ; (100) February 2010, 7-11(5)Publication details: 2010Subject(s): Summary: The use of Automated Valuation Models (AVMs) by banks in South Africa as an alternative to physical inspections has changed in an era of economic stress. Examines the inner workings of AVMs and discusses the positioning, use and future of AVM modelling in South Africa. Concludes that physical inspections and AVMs should be move closer together, progressing more towards the traditional physical valuation based approaches and cost based approaches as the electronic valuation industry matures. Although AVMs are here to stay in South Africa, physical valuations remain essential to enhance and sustain AVM quality.| Item type | Current library | Call number | Copy number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|---|
| Journal article | London Journal article | L149860 (Browse shelf(Opens below)) | 1 | Available | 149860-1001 |
The use of Automated Valuation Models (AVMs) by banks in South Africa as an alternative to physical inspections has changed in an era of economic stress. Examines the inner workings of AVMs and discusses the positioning, use and future of AVM modelling in South Africa. Concludes that physical inspections and AVMs should be move closer together, progressing more towards the traditional physical valuation based approaches and cost based approaches as the electronic valuation industry matures. Although AVMs are here to stay in South Africa, physical valuations remain essential to enhance and sustain AVM quality.