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AVMs soak up sun, spotlight at SoCal valuation conference

Jul 26, 2005

Real Estate Technology Insight - By Matt Smith

Santa Ana, CA - July 26, 2005 - A representative from Veros was quoted in an article written by Matt Smith entitled AVMs soak up sun, spotlight at SoCal valuation conference published in Real Estate Technology Insight, July 26, 2005. Here is a short excerpt from the article. To view the article in its entirety, visit http://www.retipub.com.

Eight AVM vendors, medium-rare, please

Perhaps the most entertaining event at the PMC show was the "Grill the AVM vendors" BBQ lunch, where attendees were free to ask any questions to a group of about eight AVM vendor reps. The discussion started on a humorous note when one attendee asked each panel member to explain why his AVM was better than the others.

The first brave soul to speak up explained that all the products will perform differently in different situations. In addition, because AVM testing has become so intense, the products have been highly competitive.

A rep from Veros said his company is different because it doesn't offer other services such as credit and title. "Our core competency is modeling," he said.

(c) 2005 Real Estate Technology Insight and October Research, Inc. All Rights Reserved.

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.


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