LPS launches LPS AVM.

LENDER Processing Services Inc.; MORTGAGE loan servicing; ELECTRONIC data processing; LOANS; COMPUTER network resources

The article reports that integrated technology provider Lender Processing Services Inc. (LPS) launched its new automated valuation model (AVM), LPS AVM in the U.S. It notes that the new model was designed to aid the mortgage industry in enforcing and verifying property values for underwriting and quality control. It mentions that LPS offers a comprehensive automated valuation report through LPS AVM which delivers increased hit rates and enhanced accuracy.