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Identify and quantify collateral risk, decide whether to accept the risk, and if so, how to
price for the risk.
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Veros Real Estate Solutions proudly introduces VeroFI, a true
risk-based solution for collateral valuation. Combining Veros'
predictive technology with variable collateral risk modeling
VeroFI will quantify the potential valuation risk specific to a
residential lending transaction. VeroFI provides immediate
access to identify the feasibility of any user-provided residential
property value (e.g owner's estimate, BPO, appraisal, or AVM).
Gain a competitive advantage and enhance your profitability
by incorporating risk-based analytic tools into your business.
Valuation Scoring & Risk-Based Pricing Advantages
VeroFI affords an organization the opportunity to evaluate and
verify any estimate of value. VeroFI analyzes any user-supplied
value, determines the variance from estimated market value,
and identifies whether any deviation results in overvaluation
or undervaluation risk. Lenders can now score any estimate of
value whether for pre-qualification and origination purposes
or other credit-risk, quality control, portfolio review or audit
procedures. Risk-based pricing strategies rely on technology to
offer unlimited potential and greater effective use of automated
solutions. Modern technology enables the real-time analysis of
each individual business transaction, creating the opportunity
for customer or program specific pricing based upon the risks
identified. Risk-based pricing strategies allow an organization
to expand business opportunities while mitigating risk and
increase competitive advantage.
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| Valuation Feasibility Indicator |
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- Identify overvaluation risk
- Quantify the variance between any supplied value and estimated market value
- Increase effective use of cost savings collateral valuation
tools
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How Verofi Works:
VeroFI is easy to use, understand and incorporate into your
business. Using industry standard communication technology
( e.g. Internet, XML ) customers simply need to identify
a property address and a valuation estimate. VeroFI creates a
report that provides: |
- User-supplied value estimate
- Feasibility Score (VFS)
- Feasibility Indicator (VFI)
- Property characteristics
- Up to 6 local recent sales
- Neighborhood fitness information
- Neighborhood price trends
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Solutions Utilizing VeroFI:
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