![]() |
|
|||||


![]() |
Investor Services |
|
|
Investor Services
|
In a May 15, 2005 guidance document entitled “Credit Risk Management for Home Equity Lending,” the Office of the Comptroller of the Currency (OCC), discusses the use of automated valuation models (AVMs) and other collateral evaluation tools (such as fraud detection, AVM cascading platforms, etc.). The guidance document also talks about the concept of collateral valuation management and recognizes the use of automated tools. According to the OCC guidance, collateral valuation management policies and procedures recognize that not all transactions require the same valuation methodology. In fact, the appropriate valuation methodology should be commensurate with the “risk in the transaction and loan portfolio.”... For the complete whitepaper: |