Veros introduces AVMs "with a view"
Mar 02, 2004
VeroPHOTO+ unites AVM with a digital photo and condition report
Irvine, CA - March 2, 2004 - Veros Software, an industry leader in advanced mortgage technology, today announced the launch of VeroPHOTO+, another piece of the automated collateral assessment solution. VeroPHOTO+ unites the superior accuracy of the VeroVALUE AVM with a digital photo of the subject property and an external property condition report completed at the time of the AVM order.
VeroPHOTO+ reports are delivered within 24-48 hours of placing the order and are automatically attached to the VeroVALUE AVM report produced at runtime. Veros customers are also presented with a host of supplemental options including interior photographs and condition reports of the subject property, street scenes, and photographs of nearby recent area sales.
"VeroPHOTO+ provides further verification of the current physical condition of properties that are the subject of an AVM or other collateral assessment", stated Darius Bozorgi, President and CEO of Veros. "It was important to us that the photographs and condition reports be generated at order time," continued Bozorgi. "Just like any AVM, photographs that are not current provide customers lesser value when they need to know the status of a property today."
VeroPHOTO+ is available nationwide and may be ordered on individual properties as well as portfolios of properties. The product is offered on a fully automated basis and is integrated into Veros' web-based ordering systems. Veros will complete full XML availability to VeroPHOTO+ in the second quarter of this year. For more information on the Veros collateral assessment solutions, please visit the web at www.verovalue.com or contact Veros at (866) 458-3767.
About Veros Real Estate Solutions:
Veros Real Estate Solutions, a proven leader in enterprise risk management and collateral valuation services, uniquely combines the power of predictive technology, data analytics and industry expertise to deliver advanced automated decisioning solutions. Veros products and services are optimizing millions of profitable decisions throughout the mortgage industry, from loan origination through servicing and securitization. Veros provides solutions to control risk and increase profits including automated valuations, fraud and risk detection, portfolio analysis, forecasting, and next-generation collateral risk management platforms. Veros is headquartered in Santa Ana, California. To order the VeroFORECAST update or receive information on other Veros analytic products and systems, visit www.veros.com or call (866) 458-3767.