Automated Valuation Model (AVM) DWG
The Automated Valuation Model (AVM) DWG is powered by Zillow Home Loans.
The AVM development work group plans to address AVM confidence score meaning, testing framework, and best practices to ensure compliance with non-discrimination laws. Creating a suite of MISMO standards will support the industry in communicating risk effectively and therefore improve the quality of risk-based decisions, encourage AVM adoption among lenders, and assist with compliance of the recently published Interagency Rule regarding Quality Control Standards for Automated Valuation Models.
Individuals interested in joining this group who are already MISMO Members may join the Automated Valuation Model Development Workgroup (DWG) collaboration site that has been established on MISMO Connect. Those not already members of MISMO who would like to participate should contact [email protected]. The group will hold regular meetings via video conference call.
How to Join
Anyone may participate in a MISMO development workgroup or community of practice regardless of membership status. Voting members of Information Management and Architecture Workgroup are elected as per governance procedures. Membership in MISMO is open to anyone - mortgage lenders, banks, credit unions, servicers, vendors, government agencies and more. MISMO members receive a voice, and vote, in creating and enhancing industry standards used by the entire industry. Learn more here.
Leadership
To be announced
Meeting Schedule
To be announced