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  2. The truth about no-appraisal home equity loans: What ... - AOL

    www.aol.com/finance/what-is-a-no-appraisal-home...

    Lenders will often use hybrid appraisals that blend both traditional and automated methods — such as desktop appraisals, drive-by-appraisals and AVMs — based on the loan's risk level, with ...

  3. Refinance appraisal: How it works and what to expect - AOL

    www.aol.com/finance/refinance-appraisal-works...

    The appraisal allows the lender to confirm your home’s current value. ... There are other types of home appraisals in addition to in-person refinance appraisals. There is a desktop appraisal ...

  4. Automated valuation model - Wikipedia

    en.wikipedia.org/wiki/Automated_valuation_model

    AVMs are increasingly used by mortgage lenders to determine what a property might be worth in order for them to lend against the valuation. The advantages of using AVMs over traditional appraisals are that they save time, money and resources (e.g. there are no transport requirements), thus lowering the cost of valuing a property.

  5. Ellie Mae - Wikipedia

    en.wikipedia.org/wiki/Ellie_Mae

    Ellie Mae Inc., originally named Electronic Mortgage Affiliates, [1] is a software company that processes 35% of U.S. mortgage applications. [2] The services are based on a software as a service model (SaaS), [3] and specializes in originating and funding new mortgage loans and facilitating regulatory compliance.

  6. Broker's price opinion - Wikipedia

    en.wikipedia.org/wiki/Broker's_price_opinion

    an addition or a cross-check to an appraisal; home equity loans [1] or a home equity line of credit [1] of less than $250,000 [citation needed] refinancing [4] appeal to cancel lender's mortgage insurance (LMI or PMI) [1] due diligence by financial institutions [1] asset evaluation and bookkeeping by financial institutions [1]

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