Procision is a next-generation AVM product suite developed by First American® Data & Analytics that will radically advance residential property valuation technology.SPEAK WITH AN AVM EXPERT NOW
Specifically designed for lenders, proptech, real estate professionals and others who need a fast, highly accurate, and up-to-the-minute property valuation solution. Procision applies the latest modeling technologies with the industry’s largest and highest quality database of property information to empower customers to make critical business decisions with greater speed and confidence.
For mortgage, banking, secondary and capital market sectors, Premier is a highly-reliable industrial grade valuation, not influenced by subject values, and supported by full documentation and testing as required by regulators.
A lending-quality AVM solution also optimized for consumer facing websites that use home price estimates to engage with prospects and/or retain clients. Supported by full documentation and testing as required by regulators.
Optimized for marketing purposes and portfolio analysis. It delivers quality valuations at a maximum hit-rate.
Procision’s next-generation valuation model incorporates new property details and data points, while a blended ensemble modeling approach combines new machine learning technologies with industry specific modeling techniques.
Models utilize the latest decision tree and gradient boosting techniques to leverage large amounts of data
Models compare houses within neighborhoods and markets, adjusting price based on features. Both statistical regression and rules-based models are used for superior accuracy
ENHANCED HOUSE PRICE INDICES
Reflect price and market changes, between two points in time
Adjusts assessment values to account for local rules
To ensure high accuracy and currency, First American Procision is run on every residential property in the U.S and updates the models underlying data on a daily basis. With Procision, you are using leading-edge technology that it is constantly updated and tested to ensure highly accurate, consistent results.
In addition, Procision offers:
Have confidence knowing that your AVM is supported by First American’s stature and longevity in the industry, the most complete and accurate data sets on the market, the expertise of First American’s people, and the company’s unrivaled customer service.
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