As published on the MBA Newslink:
MISMO®, the real estate finance industry’s standards organization, announced the Common Confidence Score has reached recommendation status, the final step for a MISMO standard, reflecting implementation by key stakeholders across the industry.
MISMO recognizes the following organizations for their leadership in implementing the Common Confidence Score, marking a significant step forward in standardizing confidence measures for Automated Valuation Models (AVM) across the industry:
- Clear Capital
- Consolidated Analytics
- Cotality
- ICE
- Quantarium
- Veros Real Estate Solutions
The Common Confidence Score establishes a single, standardized approach for communicating the accuracy of an AVM estimate, replacing inconsistent confidence formats with a common scale that enables clearer interpretation of valuation results. This clarity helps reduce operational costs, streamline quality control, and support more efficient investor due diligence, while enabling broader, responsible AVM use across the industry.
“For too long, inconsistent confidence score formats have slowed decision-making and increased operational burden,” said Brian Vieaux, CMB, MISMO’s president. “The Common Confidence Score delivers a standardized framework that reduces interpretation time, lowers quality control costs, and enables faster, more confident valuation decisions across the industry.”
The standard was developed through collaboration within MISMO’s AVM Development Workgroup, led by Co-Chairs Erica Vigen of Clear Capital, Carla Nott of JPMorganChase, and Vice Chair Reena Agrawal of Veros Real Estate Solutions. The workgroup brought together lenders, AVM providers, investors, and other industry participants to address long-standing challenges created by fragmented confidence scoring approaches across the market. Reach out to your AVM provider to learn more about the Common Confidence Score.
MISMO’s work to solve key industry challenges is made possible through the support of its members, champions, sponsors, and lenders (via the Innovation Investment Fee). To learn more about MISMO and opportunities to participate, visit MISMO.org.
About Consolidated Analytics, Inc.
Consolidated Analytics (consolidatedanalytics.com) provides the real estate finance industry with an end-to-end mortgage services platform that delivers value to its customers, from asset-level analyses through enterprise-wide optimization. By harnessing the power of data and technology —and tapping into our multidisciplinary team’s expert insights— we help forward-thinking companies unlock loan and operational quality, efficiency, and performance.
Consolidated Analytics serves clients in mortgage lending, servicing, and capital markets with solutions for due diligence, valuation, advisory and consulting, and business process services (BPS).