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Commercial Credit News
|Hometrack appointed residential property data analysts for Virgin Money mortgage valuation services|
|Thursday, 16 April 2015|
Hometrack has been appointed residential property data analysts to provide Automated Valuation Model (AVM) services to Virgin Money under a three-year licence.
The Hometrack AVM uses proprietary data & algorithms to provide the UK’s market leading automated valuation tool. The Hometrack AVM was launched in 2002, and is currently used by 8 of the UK’s top ten mortgage lenders for origination. It is the only model to have been analysed and referenced by all three major ratings agencies and incorporated in over 45 RMBS issuances.
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