CALCASA
The Dutch Automated Property Valuation Model
CALCASA® is the leading automated valuation model (AVM) service available in the Netherlands. It provides a quick, accurate and reliable estimation of the current open market and foreclosure value of a given residential property based on comparable sales and hedonic regression techniques.
CALCASA delivers home valuations in seconds and can be accessed over the web or via automated information services. CALCASA Portfolio is an off-line service enabling users to access the AVM on a batch basis. CALCASA Portfolio will provide a Valuation and Confidence Level on a property by property basis. The CALCASA confidence Levels are aligned with those of Hometrack Data Systems in the U.K.
The benefits for the Mortgage Finance Industry of using CALCASA include being able to:
- Shorten throughput time, reduce cost and improve conversion rate at origination
- Reduce fraud and audit the traditional appraisal process
- Assess risk and potential losses for each property with greater accuracy (Basel II)
- Monitor arrears and collections on a property by property basis
- Re-value portfolios prior to asset backed capital market activities, leading to better capital structuring
For further information or the Fitch Ratings Criteria Report on the CALCASA AVM: “Criteria for Automated Valuation Models in EMEA RMBS” feel free to contact us.
