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Santa Ana, CA – March 14, 2011 - Veros Real Estate Solutions, an industry leader in enterprise risk management and collateral valuation services, announced today that it has expanded its third-party product offering through VeroSELECT with IntelliReal’s Intelligent Automated Valuation Model (iAVM).
The VeroSELECT platform is designed to intelligently route and return automated valuation models (AVMs) and other forms of valuation products with secure management of vendors, users, products and services. iAVM transforms real property data into meaningful business intelligence.
“We are excited to be able to offer another high-quality solution to Veros’ clients. IntelliReal’s iAVM is a high performing product that is well recognized by the industry and a good fit for the VeroSELECT platform because of its geographic coverage and valuation accuracy,” said Michael Miller, vice president of client operations at Veros. “This allows us to provide an even more-inclusive solution to a much broader variety of industry needs.”
VeroSELECT is delivered on a software-as-a-service (SaaS) basis, so users access the platform online and Veros takes care of hosting and maintaining the technology. Combine this with the platform’s ability to offer 19 unique AVMs - including IntelliReal’s iAVM and the company’s own proprietary models - and clients will find an optimal solution for fast delivery of the industry’s most sophisticated and reliable products. The system’s rule base allows the AVM cascade configurations to provide regulatory compliance. Consequently, it is appropriate to include products like iAVM, while maintaining compliance with internal and external protocols.
“We are very pleased to announce the availability of IntelliReal’s iAVM on the VeroSELECT platform. Our customers now have the capability of leveraging iAVM as a stand-alone collateral valuation tool, or as a component of a comprehensive collateral risk management solution,” said James Frasche, vice president of product and business development at IntelliReal. “Our partnership with Veros will improve our customers’ ability to make sound assessments of collateral valuation and risk that are consistent with industry best-practices and guidelines.”
Veros’ platforms are designed to intelligently order, receive, review and route appraisals, broker price opinions (BPOs) and automated valuation models (AVMs) as well as other forms of collateral valuations and analytics. For additional information on the VeroSELECT platform, please visit www.veros.com or call (866) 458-3767. Additional information on IntelliReal and the iAVM can be found at www.intellireal.com or by calling (303) 889-8800.
IntelliReal is the developer of revolutionary iAVM automated valuation technology and the iHPI™ house price index. The company has aggregated real property intelligence on more than 90 million U.S. residences and its solutions harness the power of public and private data sets to systematically improve the depth and accuracy of residential real estate intelligence. Headquartered in Denver, IntelliReal focuses on delivering real property intelligence to its clients and partners. Services are built for firms involved in real estate transactions, including brokerages and franchises, lenders, mortgage servicers, underwriters, property insurers, quality control personnel, portfolio managers and Wall Street professionals. For additional information on IntelliReal, visit www.intellireal.com or call (303) 889-8800.
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, systems and services, integrated into industry leading companies, are now optimizing millions of profitable decisions throughout the mortgage industry from loan origination through servicing and the secondary markets. Veros provides solutions to control risk and increase profits including automated valuations, fraud and risk detection, portfolio analysis, forecasting, and next-generation property valuation workflow and risk management platforms. Veros is headquartered in Santa Ana, Calif.
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