The Company has long been a successful reseller of several leading AVMs, but to address market demand for more reliable and accurate information, the Company is launching its own Valuator product based on links to its extensive national repository of current real estate data.
Over the last few years, a number of large U.S. banks and lending institutions have adopted AVMs as a fast, effective collateral assessment alternative in the home equity market sector. Users of the Company's Valuator can instantly generate highly accurate valuations on residential properties across the nation, based on multiple models to calculate statistical valuations. These valuations compensate for gaps in scoring methods and feature a unique component that gauges data availability to increase reliability and set the Valuator apart from competitors. From the first company of its kind to provide commercial AVMs, Valuator represents MDA's commitment to being a key player in U.S. lending and valuation markets.