Lightstone has pioneered the use of automated valuation models in the South African mortgage market since 2006. We have developed industry leading automated valuation models to estimate property values for the residential property market.
Our models have been developed based on global best and our proprietary property databases are extensively used in the local banking and real estate markets. Our core AVM is the market leader, with five of the six major mortgage lenders in South Africa using our AVM in their lending process.
In 2019 we released our latest model, AIVM, which uses artificial intelligence (AI) and machine learning (ML) to provide even more accurate property valuations. This model provides world-class solutions to leading banking and insurance companies.
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