Want to Implement AVMs? The Time is Now

Recorded On: 06/24/2020

PRESENTER(S):

Mike Kirk - SVP of Strategic Valuation Initiatives – Accurate Group, LLC
Nick Hideg - VP of Strategic Valuation Development - Accurate Group, LLC

ABOUT THE WEBINAR:

The decision earlier this year to increase the de minimis appraisal threshold for residential real estate transactions from $250,000 to $400,000 means many lenders are re-tooling their systems and processes to account for the new ceiling.

In this webinar, Accurate Group will explore how lenders of all sizes can determine how to implement Automated Valuation Model workflows into their lending processes.

Our experts will review “The Four Pillars of AVM Compliance,” a framework of best practices to ensure lenders are implementing AVMs effectively and efficiently to dramatically reduce turn time and save money vs. the cost of a traditional appraisal. Today, automation is imperative for lenders looking to maintain or create competitive advantage and with a much better understanding of the regulations and requirements for valuations, along with technology advancements making these solutions readily available, the time for AVMs is now!

THIS WEBINAR WILL COVER:

AVM Validation and Cascade Modeling
Assessing Property Condition
Creating the Evaluation
Internal Policy and Procedures

TOP 3 BENEFITS TO ATTENDEES:

Develop an effective AVM Strategy to reduce turn-time and lower costs on valuations
Discover AVM Best Practices regarding the Interagency Appraisal and Evaluation Guidelines
Critical Success Factors When Creating an Evaluation

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Mike Kirk

SVP of Strategic Valuation Initiatives, Accurate Group, LLC

With over 23 years of experience on both sides of the real estate appraisal and lending industries, Mike is uniquely positioned to help Accurate Group’s clients stay at the forefront of appraisal and valuation innovation. Prior to joining Accurate Group, Mike held the role of Chief Residential Appraiser for The Huntington Bank. Mike is a certified appraiser and started his career as an independent fee appraiser before transitioning to residential real estate lending and holding positions with multiple banks. Mike also has experience in the operations side of appraisal management, including vendor management and quality control, and is a recognized AVM expert in the industry. As an early client adopter of the iValueNet interior valuation product while at Huntington Bank, Mike is now a champion and subject matter expert on the product for Accurate Group for Home Equity, First Mortgage and REO Channels. Mike was honored to participate in the establishment of the Detroit Home Mortgage program, which is continuing to revitalize the Motor City.

Nick Hideg

VP of Strategic Valuation Development, Accurate Group, LLC

Nick joined the Accurate Group following fourteen years of diverse experience within First American’s Mortgage Solutions Division, where he served as Product Manager and Senior Business Analyst. Today, Nick is responsible for Accurate Group’s Alternative Valuation product lines, specializing in Automated Valuation Models and Lender implementation. Nick’s main focus is to design customized solutions to empower Lenders with the ability to utilize automation and technology to reduce their costs and expedite the loan closing process. Nick holds a Bachelor of Business Administration in Marketing and Management, and is Scrum Master and Lean Six Sigma certified.