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Real Info and Veros Form Partnership, Offer Total Valuation Solutions
BUFFALO, N.Y. - Jan. 15, 2005
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BUFFALO, N.Y. - Jan. 15, 2005 - Real Info, Inc., a national real estate valuation company, and Veros Real Estate Solutions, a collateral valuation and risk management provider, have formed a new partnership for the resale of their automated valuation model (AVM) products. AVMs provide an electronically generated valuation of residential properties. Real Info will be reselling Veros' VeroVALUET report, while Veros will act as a reseller of Real Info's i-ValT and realAssessmentT reports.
This partnership allows both organizations to broaden their product lines and to provide more options for accurate, high-quality valuations. Real Info's i-Val? report uses sale price history and property characteristics to determine a valuation. The realAssessment? tool utilizes regression and predictive technology to calculate the value of a property. Veros' VeroVALUET report utilizes multiple predictive technologies to generate property values nationwide along with property fitness analytics, fraud detection, price trend information, appraiser assisted and secured valuations and residential property valuation forecasting.
"This partnership is important because it allows us to provide our customers with more options when choosing an AVM," said James Kirchmeyer, president of Real Info, Inc. "We now have more choices so that we can select the AVM that is going to give us the most accurate valuation for a particular property in a particular area in the country."
"We are very pleased to build on our existing relationship with Real Info ," said Darius Bozorgi, President and CEO of Veros. "Through this partnership we're excited to be able to provide additional options for customers to increase control over the selection of quality AVMs that are best suited for their individual and varying needs."
Real Info, Inc., headquartered in Buffalo, N.Y., provides automated property valuations to home equity lenders, credit unions, and real estate professionals. The automated valuation model (AVM) services allow clients to streamline the appraisal process with cost-effective, accurate, and time-saving solutions. Real Info uses its proprietary Internet delivery technology to provide searchable real estate data on over 85 million parcels across the United States through its realAccessT subscription service. Real Info is a partner company of Kirchmeyer & Associates, a full-service, traditional appraisal company. For more information, visit www.real-info.com or call 1-800-771-5246.
Veros Real Estate Solutions, located in Santa Ana, Calif., is shaping the future of mortgage technology through its continuous predictive technology leadership. Veros provides innovative solutions in automated valuations with meaningful confidence scores and the highest usable hit rates available for true value in any production setting. Veros currently delivers property valuations in 40 states and over 600 counties nationwide. In addition to its market-leading valuations, VeroVALUE also generates property fitness analytics, fraud detection, price trend information, appraiser-assisted valuations, secured valuations, AVMs with photos, and VeroFORECAST, an analytic tool that estimates future values and market stability. More information can be found at www.veros.com and www.verovalue.com. |
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