Veros and Bradford Technologies Partner to Expand Collateral Valuation Solutions for Mortgage Lending Industry
Oct 26, 2004
Veros Integrates VeroVALUE AVM into ClickFORMS Appraisal Software
Santa Ana, CA - October 26, 2004 - Veros Real Estate Solutions, a recognized leader in the development and implementation of mortgage predictive technology and advanced collateral analytics, announced its partnership with Bradford Technologies, developer of ClickFORMS appraisal software. The collaboration of Veros and Bradford will integrate the industry's leading Automated Valuation Model (AVM), VeroVALUE, within the innovative and powerful ClickFORMS environment. Lenders of all sizes will immediately benefit as professional appraisers will have the ability to incorporate multiple collateral valuation techniques into their appraisal reports with the simple click of a button through the familiar ClickFORMS interface.
As the lending industry continues to evaluate and determine appropriate valuation alternatives for varying programs, property types and underlying markets it is clear that technology savvy appraisers are eager to respond to lenders' requests for a broader range of valuation services. Lenders recognize the value-added increase in accuracy, speed, and cost savings provided by empowered appraisers who can draw upon a full spectrum of valuation tools backed by their expertise to determine appropriate service levels to enhance the collateral valuation approach.
"Lenders are now pushing a full range of valuation services through their in-house appraisal and vendor management operations," said Darius Bozorgi, president and CEO of Veros. "Our partnership with Bradford Technologies provides both the familiar environment and necessary tools that permit a lender's appraisal operations to seamlessly deliver advances in valuation alternatives - served-up in a very user-friendly and transparent manner."
"Rising demand from mortgage lenders and other parties interested in collateral valuation has led to an increase in the need for expanded market analysis using all forms of valuation methodologies," said Jeff Bradford, president of Bradford Technologies. "Through our partnership with Veros, we are enhancing the appraiser's ability to provide additional analysis based on their local area expertise. This will enable creation of appraiser validated AVMs and higher value blended appraisals. AVMs can also be used to jump-start the appraiser's own work by providing a pre-selected list of comps and property trending information."
About Bradford Technologies
Bradford Technologies, developer of ClickFORMS appraisal software, provides office and field solutions to the real estate industry. ClickFORMS is easy-to-use, fast-to-learn, and integrates with leading applications and lender networks. It is the only appraisal software certified by Microsoft® to be 100% Windows® compliant and to earn the "Designed for Windows XP" designation. For over 17 years, Bradford Technologies has led the way with advanced technologies and highly intuitive user interfaces that simplify and speed the creation, management, and distribution of the complex reports and forms required for real estate appraisals. Visit Bradford Technologies on the Web at www.bradfordsoftware.com.
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.