Mortgage Application Acceleration Program
The Mortgage Application Acceleration Program (MAAP) lets users calculate the approximate market value of a residential property in Oakland County. This automated valuation program, which meets the requirements of the Uniform Standards of Professional Appraisal Practice (USPAP), uses comparable housing sales to check the value of a home. The process is especially important when buying, selling or estimating a residential property.
Keep in mind MAAP is not an appraisal. The information generated by MAAP is current up to 12 months. Assessments are based on 24 months of sales ending 9 months prior to the date of assessment. Mortgage Application Acceleration Program valuation estimates may be purchased with a credit card (Visa, MasterCard, Discover or American Express) for $20 each.
If you are a business and wish to use these services on a regular basis, you can request a Property Gateway business account.
Frequently Asked Questions
AV Multi is the assessed value multiplier; calculated by dividing the sale price by the assessed value of each comparable sale. The Median is the exact center multiplier of the statistical array. This multiplier is not influenced by outliers and is not the average multiplier.
AV Multi is the assessed value multiplier; calculated by dividing the sale price by the assessed value of each comparable sale. The Mean is the average multiplier of the statistical array. This multiplier may be influenced by outliers.
The Coefficient of Dispersion (COD) measures the relative dispersion about the median multiplier. In other words, the COD measures how far the comparable multipliers are scattered away from the median. COD scores ranging from 5 to 15 are considered very accurate. As the COD score moves over 20 the sampling should be analyzed and refined.
No, the Mortgage Application Acceleration Program (MAAP) is an Automated Valuation Model which meets the requirements of USPAP.
The MAAP accesses data located in a Data Mart, which is a subset of the data located in the county's Data Warehouse. It then queries data based on set criteria and filters initiated by the end user's subject property entry.
This typically means that there are not enough similar sales in our system to support a valid valuation.