Automated Valuation Model

First American Lawsuit Claims AVM Patent Infringement 

First American CoreLogic filed a patent infringement lawsuit against eight of its competitors claiming products developed by the companies violate First American’s patent for its automated valuation model (AVM) technology. First American CoreLogic is a subsidiary of the First American Corp. [stock FAF][/stock], but the company is in the process of spinning off CoreLogic into its own publicly traded firm, a deal that’s expected to close this summer.