### Question
Can you define what automated valuation model means?


### Answer
**Automated valuation model** is defined as the following in *12 U.S.C. § 3354*:

> any computerized model used by mortgage originators and secondary market issuers to determine the collateral worth of a mortgage secured by a consumer's principal dwelling

#### Citation:
  - *12 U.S.C. § 3354*
  - Heading: **CHAPTER 34A-APPRAISAL SUBCOMMITTEE OF FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL**

