AI in Property Valuation: Exploring the Future of AVMs with Anders Lund Francke #3

In this episode of Mortgages Covered, Richard Kemmish, EMF-ECBC & ISMMA Consultant, brings together Anders Lund Francke of Eiendomsverdi AS to explore the use of Artificial Intelligence in property valuation.This episode of Mortgages Covered explores: The growing interest in and use of automated valuation systems (AVMs) and advances in statistical modelling for residential property valuation.The core principles underpinning robust valuation models, including transparency, explainability, and confidence management. The management of valuation uncertainty and its role in risk management and bank competitiveness.The complementary roles of AVMs and physical valuers.The emergence of “nowcasting” techniques to increase accuracy and market responsiveness.