The EAA approved the incorporation of Tinsa in the plenary session of the 9th of December last in Erfurt (Germany), after the company had undergone, in the past year, an audit of their automatic valuation model. This was an exhaustive process involving the revision and improvement of models, software optimisation and data base management, documentation of the procedures and beginning successive AVM tests to evaluate the model’s precision and coverage, necessary to demonstrate the full range of requirements in terms of quality which the association demands.
Tinsa joins another six companies integrated into the association, all of them leaders in their respective countries: Hometrack (United Kingdom), Calcasa (Holland), On-geo (Germany), Eiemdomsverdï (Norway), Värderingsdata (Sweden) and CRIF (Italy).
“Being part of la European AVM Alliance strengthens our position as leaders in the AVM market in Spain. We can count on the best and most extensive database and a high quality methodology, now endorsed further with the entry of companies into this alliance”, states Jorge Ripoll, Director of ‘Valoración Estadística’ at Tinsa. “This step has promoted the incorporation of a process of I+D for the continued improvement of levels of precision and of the level of confidence in our AVM. The tests which confirm the trustworthiness of the model are regularly shown to our”, he added.
The EAA is at the head of a pan-European movement to promote and standardise the use of reliable and accurate AVM in Europe.