EAA Celebrates 10th Anniversary
Since its foundation in 2013 the EAA has developed into the leading European industry association for providers of the highest-quality Automated Valuation Models (AVMs) for the residential property market.
From the outset the core objectives of the EAA have been to promote the use of AVMs, to represent the AVM industry and to establish consistent standards for AVMs across all jurisdictions in Europe. This has highlighted the benefits that AVMs can deliver to the mortgage lending industry and other stakeholders alike.
The EAA is looking back proudly on its achievements, including its growth from three founding members to the nine members it has today, the publication of the first ever 'European Standards for Statistical Valuation Methods for Residential Properties', now already in its 3rd edition, and promotion of the concept of ‘advanced statistical models’ with the European institutions and other industry stakeholders.
Stefano Magnolfi, Chairman of the EAA comments: “We are very proud of what we have achieved and how much we have grown in 10 years. We have many opportunities ahead of us and as the leading AVM providers in Europe we will continue the future development of advanced statistical valuation models which form an essential part of the digital transition of the European economy – one of the key goals of the European Union.”