Abstract
With efficiency and accuracy as primary concerns in the competitive world of appraisal, lenders have had to meet the expectations of the mortgage lending markets to reduce the lending processing time, increase volumes, and cut costs. Further, industry regulations have demanded more objective and quantifiable valuation methods. An automated valuation model is one way to address these needs. This computer-assisted model renders a property value estimate using regression analysis, expert systems, and neural networks. (Reprinted by permission of the publisher.)
