PASS Automated Valuation Model

Leveraging the largest online property and ownership database in the nation, PASS® scores highest in accuracy of those AVMs with national coverage*.  PASS incorporates property characteristics and comparables with appraisal logic, price-time indexing and various statistical methods to arrive at an accurate and reliable property valuation. This neural scoring system enables the technology to sense and immediately adapt to changing market conditions. A dedicated team of AVM experts continuously tunes and maintains the model for maximum performance.

The Most Current and Accurate Real Estate Information

CoreLogic databases are updated daily to incorporate the latest property sales and financing transactions, tax ownership, assessment rolls and property characteristic data. Consistently refreshed data delivers up-to-date sales comparable listings and the latest tax assessment information on residential and non-residential properties across the U.S. 

Powerful Dual-Core Technology

PASS includes dual-core technology to generate an increased level of valuation accuracy. Dual-core technology combines two independent valuation systems coupled with a continuous blind-testing process to deliver greater accuracy and fulfillment rate.

Rigorous Due Diligence

Based upon hundreds of thousands of observations of continuous blind testing, PASS incorporates a highly accurate neural scoring system that quickly adapts to changing market conditions. CoreLogic constantly monitors model performance to allow for proactive management of model performance and coverage.  All of this, coupled with stringent AVM testing guidelines provides the foundation for the accuracy and reliability of the PASS AVM.

Superior Coverage

PASS coverage includes more than 2,900 counties. Our nationwide coverage extends to more than 97% of all U.S. transactions.

 

*Based on independent third-party AVM testing conducted in Q3, 2014.  National coverage is defined as any model with a hit rate greater than or equal to 80%. 

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