It covers 57 counties in New York, excluding the city of New York and Nassau and Suffolk counties. The database has been commercially available since August, 1997. His primary markets are appraisers for the data and lenders for the AVM, particularly for home equity loans. Banton Research - Southeast U.S. Banton was founded by H. Stan Banton, PhD, MAI and has been developing AVMs since 1993. Their product, ValueWizard, was commercially available in January, 1998.
Delivery is via the Internet on a network server.
They first started in Tennessee, then expanded to Alabama and Louisiana, with plans for expansion into other southeastern states, depending on data availability and clients' needs. Banton heavily uses GIS and geostatistical methods. Solimar Solimar was founded by Larry Hudack, formerly involved in collateralized mortgage securities. Solimar's first AVM, ValuePoint, was commercially available in 1994, and was sold to Experian in 1996. Per the Advisory Opinion, an AVM output, by itself, is not an appraisal, but may become a basis for an appraisal or review opinion and conclusion if the appraiser believes the output to be credible and reliable for use in a specific assignment.