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debtify Morning Talk: Stefan Butgereit

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16 March, 2021
#npl #debtify #fintech

debtify Morning Talk: Stefan Butgereit

What is a non-performing loan still worth? In most cases that mainly depends on the real estate’s worth, which was financed by the loan. However, due to fluctuating real estate prices, poorly defined conditions and other characteristics it is often difficult to make property valuations - especially in the NPL industry.

In the past one had to rely on the assessment of an appraiser, but now AVMs (Automated Valuation Models) allow us to make property valuations online without having to hire someone to do the job. Special providers use large amounts of data in property valuation to determine the value of a property.

But can such processes be implemented in the NPL industry? Or is real estate utilization too specific to be valuated by these statistical methods?

Now for the first time at debtify Morning Talk with Jörg Olbing, the founder of debtify, Stefan Butgereit discusses what advantages AVMs can have for NPL experts - and when they should rather rely on the trained eye of an appraiser.