VALUATION MVP: Veros Applies AI to Simplify and Improve Valuation Decisions
Mar 01, 2018
The below is an excerpt from HousingWire Magazine: "The Future of Valuations" Featuring Valuation MVPs: "Companies delivering a fast, accurate valuation process."
March 2018 Issue | www.HousingWire.com | PDF of the original article as it appeared in HousingWire
Since 2001, Veros Real Estate Solutions has held a leading role in the mortgage industry’s collateral valuation space. Veros is widely acknowledged as a premium provider of automated valuation models and a thought leader in the field of mortgage analytics.
In 2010, Veros’ background in innovation, expertise in technology development and reputation for transparent delivery of mortgage data was recognized when the company was chosen by the government-sponsored enterprises Freddie Mac and Fannie Mae to build, support and maintain the Uniform Collateral Data Portal (UCDP).
This joint platform provides electronic appraisal data delivery to the GSEs and has been touted by industry experts as a significant step in establishing true transparency within the mortgage industry. In 2013, the company was selected to build a similar portal, the Electronic Appraisal Delivery (EAD) portal, on behalf of FHA.
The company’s newest technology offering, VeroPRECISION, is the industry’s first property-specific Valuation Decision Engine designed to “cure the industry’s common cascade.” Unlike a traditional AVM cascade model... [ Read Full Article ]