Home Value Suite
Freddie Mac's Home Value Suite is a defined set of valuation modeling tools that automate, streamline, and drive down the cost of collateral valuation.
The Home Value Suite is the result of:
- Over 35 years of dedication to expanding homeownership opportunities
- Over 30 years of historical property data
- Over 15 years of practical use and testing
The HVE Suite was developed to serve:
- Wholesale Lenders
- Underwriters
- Portfolio Managers
- Real Estate Professionals
- Quality Control (QC) Professionals
- Third-Party Originators
Customers benefit from Freddie Mac's proprietary data, modeling expertise, and industry knowledge.
The Home Value Suite is precise and offers extensive geographic coverage, with one of the automated valuation model (AVM) industry's highest hit rates.
The Home Value Suite includes:
Home Value Explorer®
Home Value Explorer (HVE) is an AVM that generates a property estimate within seconds. HVE streamlines the collateral valuation process and saves lenders and consumers hundreds of dollars on every transaction. HVE has extensive coverage and is one of the most precise AVMs available.
In nationwide tests conducted by large wholesale lenders, HVE consistently performs at the top in the areas of coverage, accuracy, and reliability. HVE actually encompasses several models rolled into a single product, for one low cost. When you use HVE you benefit from Freddie Mac's unique proprietary algorithm that blends multiple model estimates returned by the repeat sales model and the hedonic model. We call this our combining process.
Home Value Calibrator®
Home Value Calibrator (Calibrator) is a quality control tool that measures the risk that an appraisal or other submitted value estimate of a property may exceed the actual market value.
Contact us for more information about Home Value Suite.
Product Information
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