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The Propertywise Qualified AVM program reduces cost and limits exposure to
repurchase risk while improving service to borrowers.
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Veros is pleased to offer another next-generation solution
for the accurate identification and management of collateral
risk. Leverage the latest advances in mortgage technology
with the Propertywise Qualified AVM Program. Based on
years of research, GMAC Residential Funding has established
proprietary methods for choosing a qualified AVM that meets
their particular views of risk. The resulting value is provided
by rules established and continuously maintained by GMAC
Residential Funding.
Based on Years of Research
GMAC Residential Funding has conducted extensive analysis
on the accuracy of AVMs and acceptance of AVMs in the
secondary mortgage market. The Propertywise system is the
result of that work. GMAC Residential Funding has established
favorable terms for the purchase of certain second mortgages
sold to GMAC Residential Funding where the value of the
collateral was established using a Propertywise Qualified AVM.
Propertywise can be accessed through VeroSELECT, Veros'
advanced collateral risk management platform. VeroSELECT
allows clients to manage and control the full collateral valuation
chain with a fully automated and truly scalable enterprise
solution.
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- Includes subject property address, property value, confidence
score and the product used to generate the report. Unique
report numbers and recall codes are provided for automated
reproduction, verification, and quality control.
- A list of recent residential property sales, including detailed
property information, from the subject's immediate market
area used as comparative data in the analysis of a value
estimate for the subject property.
- A chart of historic (3 year) residential price trends providing
market conditions and valuation estimates in the subject's
neighborhood.
- A chart of residential values providing the subject's estimated
value relative to its neighborhood and property type.
- Tamper resistant technology for increased security
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Solutions Utilizing Propertywise:
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