Veros Offers New Enhancements to VeroSELECT, its Valuation Management System
Sep 13, 2016
Santa Ana, California – Veros continues to position itself as an industry leader in automated valuation models (AVMs) and residential collateral management systems with the launch of the latest enhancements to VeroSELECT. The enhancement allows for the integration of two existing tools -- VeroBPO and VeroPHOTO Plus -- directly into VeroSELECT’s fully transparent collateral risk management platform.
Designed to deliver maximum valuation insights with quick and intuitive access to critical valuation tools, the new interface lets users order broker price opinions (BPOs) and property condition reports (PCRs) directly from VeroSELECT’s multifunctional interface. Users can also continue to run models from Veros’ flagship AVM, VeroVALUE, or any of the industry’s other top-performing AVMs. The system’s efficiency and intuitive logic make it possible to manage transactional and portfolio AVM strategies as well as design AVM cascades ranging from straight-forward to highly sophisticated. Complemented by self-service administration and centralized reports, VeroSELECT’s interface is highly intuitive, and requires very little training.
“VeroSELECT has been considered one of the most stable and versatile valuation management platforms available in the marketplace,” comments David Rasmussen, senior vice president of operations for Veros. “The enhanced VeroSELECT gives access to a menu of valuation tools available from one centralized interface and maintains the platform’s ability to cater to the power valuation users who require complex AVM cascade logic with real-time data access.”
The enhanced VeroSELECT upholds Veros’ commitment to comprehensive compliance and audit controls through all system and product applications. Known within the industry for its superior system uptimes, speed, transparency and overall reliability, VeroSELECT is a reliable enterprise platform that quickly delivers an extensive range of critical valuation data.
Monitored 24 hours a day, 365 days a year, Veros’ colocation facilities are in multiple U.S. regions, each with fail-over capability and data redundancy. Veros uses a comprehensive framework to protect information, operations, and assets against natural or man-made threats, and its systems are compliant with SSAE 16, NIST-800-53, and FISMA audits. “The valuations provided are one critical part of the equation for our customers,” concludes Rasmussen, “but where VeroSELECT stands apart is through the strength, consistency, and security of Veros’ underlying technology.”
VeroSELECT is a valuation management platform that provides mortgage industry users centralized access to a full suite of valuation alternatives, including full access to VeroBPO, VeroPHOTO Plus and untethered access to the industry’s top performing AVMs -- including Veros’ flagship AVM, VeroVALUE and Freddie Mac’s HVE -- behind one simple-to-manage platform. VeroSELECT offers a number of objective and cost-effective valuation tools in a variety of flexible options so that lenders have absolute control over their workflow. Full compliance and security controls, best-in-class reliability, and superior in-house customer support make VeroSELECT an efficient, transparent, and cost-effective way to assess collateral risk.
About Veros Real Estate Solutions
Mortgage technology innovators since 2001, Veros is a proven leader in enterprise risk management and collateral valuation services. The firm combines the power of predictive technology, data analytics, and industry expertise to deliver advanced automated solutions that control risk and increase profits throughout the mortgage industry, from loan origination to servicing and securitization. Veros’ services include automated valuation, fraud and risk detection, portfolio analysis, forecasting, and next-generation collateral risk management platforms. For more information, visit www.veros.com or call (866) 458-3767.
Adrienne Ainbinder, Vice President of Sales and Marketing
Veros Real Estate Solutions