Automated Valuation Model

Hometrack’s Automated Valuation Model (AVM) is the UK’s industry-leading valuation model.

background image

The UK's leading Automated Valuation Model

Our AVM generates accurate, instant property valuations to drive confident lending decisions without accepting more risk. That’s why 18 of the top 20 UK mortgage lenders in the UK choose our AVM as an integral part of their processes.

Available since 2002 and adopted by over 50 Residential Mortgage-backed Securities (RMBS) Hometrack’s AVM was the first model accredited by major ratings agencies including Moody’s, Standard & Poor and Fitch and the only AVM to have replaced indexation for capital and provisioning in any top 10 UK mortgage lender

  • £70 million savings p.a. in physical survey replacements
  • 1,600 mortgage origination AVMs each working day
  • 24 million Portfolio AVMs per year

Enable accurate, reliable and safe lending

Our industry leading AVM consistently delivers accurate and reliable valuations for lenders across property types. Safe automation is only possible with the most robust and performant valuation models:

  • Whole of market data
  • Energy performance
  • Condition detection

Our latest enhancement, the Adjustment model, uses machine learning, past valuations and our proprietary property database to improve the predictive accuracy of our AVM – which is now closer than ever to the actual market property values, when using surveyor physical valuations as the benchmark.

Book a chat
background image

Digital valuer

Combined with advanced models, Hometrack is proud to provide the top lenders the most performant Digital Valuer service in the UK.

Using an advanced machine learning algorithm our model supports the validation of reasonable customer values using independent evidence collected from AVM valuation and Surveyor behaviours on similar properties.

Our combined AVM and CVV models drive +7% increase to AVM pass rates alone, increasing straight through processing and driving operational saving and a faster time to offer for mortgage applicants.

Proven, integrated, trusted

Our AVM integrates with each lender’s mortgage systems, delivering industry-tested, validated solutions into your process.

Our AVM is proven across property purchase, remortgage and buy-to-let.

We perform more than 50 million valuations each year, and our accuracy has earned lenders’ trust over 20 years of experience.

We regularly test AVM performance against surveyor valuations across c.75% of the mortgage market. 80% of our valuations are within 10% of the surveyor’s recommended value.

background image

Efficient Frontier – maximising automation, with no added risk

Our talented team of analysts and data scientists apply sophisticated statistical modelling to support lenders to optimise their automation strategy.

Analysing and dynamically adjusting the boundaries between confidence levels and loan-to-value percentages, we can maximise the loan-to-value limits so you can say yes to more borrowers without risk exposure.

background image

Powering Zoopla My Home estimates

Hometrack is part of the Houseful family of brands alongside Zoopla.

Hometrack’s valuation data powers the Zoopla My Home estimate which is trusted by more than 3 million homeowners and is used by estate agents, brokers and surveyors across the industry to benchmark residential property valuations.

background image