Why is RPR developing the RVM™?
Mortgage information and service companies fulfilled approximately 200 million AVM requests in the past 12 months alone – and the market will increase as a result of the demand for more and more accurate collateral valuation products, spurred by the credit crisis. One of RPR’s key strategic goals is for REALTOR data to become central to the collateral valuation and risk process, thus helping to stabilize the markets through accurate pricing and valuations. The agent value of the RVM will be in working with consumers. The RVM will allow for the most advanced pricing tools available in the industry, all at the agents fingertips, as well as giving agents the ability to compare “apples to apples” for those consumers who are doing their own research and are questioning the differences in competing AVM values from third party sites.
