Bias - AVMetrics

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The degree to which an AVM or cascade tends to overvalue or undervalue subject properties. Analysts quantify an AVM’s bias by calculating the mean or median valuation error.

Feds to Lenders: Take AVMs Seriously
Regulators are signaling that they are going to be looking at AVM testing. They are focused on valuation discrimination. This represents a change in the focus on AVMs and the need for all lenders to focus on AVM validation to avoid unfavorable attention.
Glossary: Accuracy
AVM Regulation – Twists and Turns to Get Here
The regulatory environment was easier to read three years ago. Now, it's a tougher question, even though there's a Task Force Report with recommendations on AVM regulation.
Glossary: Spearman Rank Test
Introducing PTM™ – Revolutionizing AVM Testing for Accurate Property Valuations
AVM testing is broken and has been for some time, which means that we don’t really know how much we can or should rely on AVMs for accurate valuations. AVMetrics is proud to unveil our game-changing Predictive Testing Methodology (PTM™), designed specifically to circumvent the problem that is invalidating all current testing.

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