With a recent surge in the use of automated valuation models (AVM) for collateral analysis of RMBS pools, Standard and Poor's has further evaluated these automated systems.

Fueled by benefits associated with streamlining the origination process such as reducing costs, the increase in AVMs is reflected in the fact that 10% of all new 2002 originations in residential mortgages are bound to have an automated valuation component attached to them in some way, according to a recent report by the rating agency.

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