AVM is a property value estimate produced algorithmically from comparable sales and property characteristics, with no human inspection. Zillow Zestimate is the consumer-facing example; lender-grade AVMs include Corelogic, Collateral Analytics, Veros. Lender AVMs come with FSD (Forecast Standard Deviation) confidence scores — values with FSD ≥10% typically trigger a downstream appraisal request. Used as preliminary valuation in soft quotes and as collateral on lower-leverage refi.
Property Valuation