Business Challenge
We need a way to streamline our mortgage origination process by using automated valuation models that are accepted by the GSEs.
Solution: Freddie Mac's Home Value Explorer (HVE)
CoreLogic is a leading distributor of Freddie Mac’s Home Value Explorer (HVE) AVM that generates a property estimate within seconds. HVE streamlines the collateral valuation process and saves lenders and consumers hundreds of dollars on every transaction. HVE has extensive coverage
In nationwide tests conducted by large wholesale lenders, HVE is a consistent top performer in the areas of coverage, accuracy, and reliability. HVE was developed to help wholesale lenders, underwriters, portfolio managers, real estate professionals, quality control professionals and third party loan originators.
Freddie Mac Home Value Explorer (HVE) Product Highlights
- Encompasses several models rolled into a single product, for one low cost
- Integrates Freddie Mac’s unique proprietary HVE algorithm blending multiple model estimates returned by repeat sales model and the hedonic model
CoreLogic also offers other automated valuation models (AVMs) that can meet various conditions. Contact us to learn more about either HVE, or our other AVM offers.