Table 2 Practical implications of this... | Emerald Publishing

Table 2

Practical implications of this review by stakeholder group

Stakeholder	Implication
AVM providers	Deliver point estimates with calibrated prediction intervals, document validation and drift monitoring, and disclose performance claims transparently
Lenders and portfolio holders	Treat AVM outputs as inputs to a governed decision process rather than as final valuations, monitor performance by segment and jurisdiction, and act on override patterns
Appraisers	Position professional judgement as the override and contextual layer of a hybrid architecture, not as a competitor to the AVM
Regulators and supervisors	Treat AVM governance as part of model risk management and require quantified uncertainty and non-discrimination as conditions of admissibility, not as aspirational goals
Researchers	Prioritise integrative work on data, uncertainty, fairness and governance rather than pursuing further incremental gains in predictive accuracy

Stakeholder	Implication
AVM providers	Deliver point estimates with calibrated prediction intervals, document validation and drift monitoring, and disclose performance claims transparently
Lenders and portfolio holders	Treat AVM outputs as inputs to a governed decision process rather than as final valuations, monitor performance by segment and jurisdiction, and act on override patterns
Appraisers	Position professional judgement as the override and contextual layer of a hybrid architecture, not as a competitor to the AVM
Regulators and supervisors	Treat AVM governance as part of model risk management and require quantified uncertainty and non-discrimination as conditions of admissibility, not as aspirational goals
Researchers	Prioritise integrative work on data, uncertainty, fairness and governance rather than pursuing further incremental gains in predictive accuracy