Latest News: December 2009: AVMetrics attends the Valuation 2009 Conference and Collateral Risk Network (CRN) meeting November 8-11, 2009 View PDF file

November 2009: AVMetrics Announces 2010 AVM Test and Validation Schedule View PDF file

AVMetrics was founded in 2005 by Lee Kennedy who saw the need for true independent testing and auditing of AVM models. The company's services are designed to assist clients with the technical and subject matter support necessary for the use of Alternative Valuation Products, specifically the use of Automated Valuation Models (AVMs).

AVMetrics' blend of Testing and Auditing products, combined with demonstrated subject matter expertise, help the client move through the intricacies of selecting and implementing commercially available products for collateral risk assessment, evaluation and fraud analysis.
Some advantages of engaging with AVMetrics:

  • A team of industry leading subject matter experts
  • Reduced cost of back office support related to the use and implementation of AVMs
  • Truly independent third party engaged for the testing and auditing functions
  • Generates collateral data and analytics necessary to fuel credit risk based loan decision engines
  • Provides data and tools for portfolio assessment
  • Supplies the ideal documentation for regulatory and auditing purposes
"AVMetrics offers a unique blend of products and services combining Automated Valuation Model (AVM) Validation, Model Preference Lists, Auditing and Consulting Services to the Lending community."

"This combination of technical, operational, and product expertise provides the client with a process to ensure the safe and compliant use of AVMs in a 'best practices' environment."

-Lee Kennedy

"It is important for professionals interested in comparative AVM testing results to note that AVMetrics does not permit the independent release of our test results. We cannot assure the accuracy of any testing information that does not come directly from AVMetrics. It must be stated that AVM testing is a very nuanced process. There are many variables during each step of the process, from creating a test data set, assembling AVM results to measuring AVM performance. Without an underling knowledge of the choices made in each of these processes, it is possible for results to be taken out of context. AVMetrics works with each of the AVM producers to ensure that a level playing field is established and maintained and our clients engage us to help them make informed decisions about AVM usage. We encourage you to contact us directly if you have questions about any AVM testing or model performance claims attributed to AVMetrics".

-Lee Kennedy
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