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How does the performance of Home Value Explorer (HVE) compare to other automated valuation tools?

April 26, 2017Automated compare Explorer home value hve PERFORMANCE tools valuation

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How does the performance of Home Value Explorer (HVE) compare to other automated valuation tools?

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Home Value Explorer (HVE) is consistently rated among the top automated valuation models (AVMs) in the industry for accuracy and coverage. Freddie Mac participates in testing with third-party AVM testing companies and with large lenders on an ongoing basis. We use the results of these tests to continue to improve the performance of our model. HVE has an average national hit rate of 80 percent, making it among the leading AVMs for overall geographic coverage in the United States.