GMAC’s Residential Funding Corp. is implementing a new home appraisal alternative that it says will reduce costs and streamline the underwriting process for its mortgage lending partners and for homeowners within Assetwise, its automated loan evaluation tool.

The new automated valuation model platform will enable GMAC-RFC to obtain more accurate automated valuations from more geographic areas and with greater confidence in the results, according to a company statement. The company will use the AVM platform to provide lenders and brokers more options to close loans without the need for a full appraisal on a high percentage of transactions.

With the integration of the new AVM platform into the company’s Assetwise automated loan evaluation tool, GMAC-RFC will be able to choose the best AVM results available, based on such parameters as geography, estimated value and loan payments.

The company has partnered with First American Real Estate Solutions to build the new AVM platform.

GMAC-RFC is a wholly owned subsidiary of GMAC Financial Services, a private issuer of mortgage-backed securities and mortgage related asset-backed securities and a top U.S. warehouse lender.


Send tips or a Letter to the Editor to or call (510) 658-9252, ext. 140.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Time is running out to secure your Connect Now tickets at the lowest price. Don't miss out on a chance to grow yourself and your business.Learn More×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription