Use will expand, although at a gradual rate. If investors, including Wall Street, become more comfortable with AVMs, their use will increase, particularly for purchases, which are lower risk, valuation-wise, than refis. Apartments are another good AVM product. CHMC's emilie program does not require a value or inspection of the subject property. Next month's newsletter will have more information on emilie.
Appraisers can develop their own AVMs for use in local markets.
Appraisers are welcome as members. Attending their conferences is very worthwhile. Lenders Service, Inc.