Documentation of Veros' AVM Model Validation Process Available
May 23, 2011
Santa Ana, Calif. – May 23, 2011 – Veros Real Estate Solutions (Veros), an industry leader in enterprise risk management and collateral valuation services, has announced the release of a white paper that documents its internal automated valuation model (AVM) validation and due diligence procedures. It is free and available for download here.
“In compliance with requirements from the Interagency Appraisal and Evaluation Guidelines, Veros has provided documentation of its model validation for all automated valuation and risk models,” said William E. King, director of valuation initiatives for Veros. “All automated valuation models and predictive analytics are subjected routinely to rigorous testing internally and externally to ensure the highest quality data.”
The white paper provides detailed information on model validation procedures, inputs, processing, and reporting functions. To download a free copy of the white paper, please click here.
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 offers valuation platform solutions to lenders, servicers, investors and vendors, allowing users to order, route and review the full spectrum of collateral valuation products. 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. For additional information, visitwww.veros.com or call (866) 458-3767.