NORTH RICHLAND HILLS, Texas – Cypress Software Systems has come out with its new Automated Valuation Model (AVM) for its Mark IV consumer loan origination application. The module helps financial institutions instantly retrieve an accurate residential property value, thus reducing the time and effort involved when using traditional property appraisal techniques. Cypress offers the AVM module on a pay-as-you-go basis for Mark IV users, with no upfront fees. When Mark IV users access the module during the application entry, they just have to enter the property address, select a data source and submit the request. The home value is then retrieved and appears on the screen. A property valuation report also is created and saved as part of the application record.

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