Expert Witness & Litigation Services

AVMetrics has become a leading expert witness consultant on collateral valuation topics, from AVM applications to Standards of Practice in Real Estate appraisal, having participated in dozens of Residential Mortgage-Backed Security (RMBS), Collateral Debt Obligations (CDO) and mortgage repurchase cases as well as “environmental stigma” litigation for a variety of national and international clients.


  • Independent analysis and advice on questions concerning residential valuation
  • Reports, deposition and testimony on industry standards and practices
  • Consultation to counsel, including evaluation of opposing arguments, developing lines of argument, evaluating depositions and assessing courtroom testimony in real time for cross-examination
  • Support during trial, including development of exhibits and technical support


  • AVM application and testing
  • AVM Model deconstruction
  • AVM Model platform evaluation
  • Standards of Practice in the use of AVMs for residential real estate transactions
  • Standards of Practice in Real Estate appraisal

Case Study:

Mr. Kennedy recently worked on the subject of proper usage of retrospective-based and contemporaneous-based AVMs.  Plaintiffs claimed that their retrospective-based automated model valuations provided strong evidence of appraisal inflation. However, Mr. Kennedy demonstrated that retrospective AVMs do not provide sufficient evidence to support such a claim and these models are not an appropriate tool to impugn an appraisal developed at time of loan origination.

Sample of Published Cases:

  1. China Development Industrial Bank v. Morgan Stanley & Co. Incorporated, et al. Index No.  650957/2010
  2. FHFA v. Goldman Sachs & al., 11 civ. 6198 (DLC)
  3. FHFA v. Nomura Holding America Inc., et al., 11 Civ. 6201 (DLC)
  4. Massachusetts Mutual Life Insurance Company v. DB Structured Products, Inc. et. al., Case No. 3:11-cv-30039-PBS