Q-AVM Filter
Q-AVM is an intelligent rules-based AVM-filter system that automatically evaluates each valuation instruction, based on set criteria, and routes it to either a chartered surveyor or AVM supplier for actioning.
Mortgage Lender’s determine a number of rules that specify which valuations qualify for an automated valuation, a drive-by or a physical inspection by a qualified chartered surveyor. This can be based on Loan to Value (LTV) ratios, location of property and age of the building, or if it’s a new application or remortgage, to name just a few. |
If deemed acceptable, based on the rules, algorithms and set criteria, the Quest system automatically filters the valuation case through to one of the industry’s AVM suppliers for completion. Once finalised, the resulting valuation is then fed back through Quest and automatically returned to the instructing party for use.
Quest’s technology acts as a conduit between Mortgage Lenders, Surveyors and AVM suppliers and is not an AVM provider.
To request a demonstration of Q-AVM, click here. |