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Designed to warrant the statement of value for true underwriting security.
There are no loop holes, fine print, or headaches.
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VeroSECURED PLUS
This innovative valuation product warrants the accuracy of an
AVM valuation for a faster, more efficient, and less expensive
alternative to traditional collateral valuations. The VSP AVM
solution allows lenders to experience low risk valuations
combining AVMs with superior protection against losses due
to valuation error.
Increased Speed and Security of Collateral Valuation
VeroSECURED PLUS will generate property valuations by
utilizing an AVM as the underlying determination of value. This
allows lenders and investors to take advantage of the accuracy
and speed of AVM technology while further mitigating
potential risk. Accepted by Countrywide Home Loans on
expanded criteria loan programs,* VSP will dramatically
increase flexibility, speed, and security of collateral valuation,
all at a lower cost to the borrower.
True Protection
VeroSECURED PLUS is specifi cally designed to warrant the
statement of value for true underwriting security. There are
no loop holes, fine print, or headaches. VSP provides true
protection backed by insurance companies with a minimum
A.M. Best A rating.
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| Features & Benefits |
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- Acceptable by Countrywide Home Loans on expanded
criteria loan programs *
- Warrants against actual losses due to valuation error
- Property types: Single Family Residence, Condominium,
Townhomes
- Flexible FICO limits apply
- High LTV availability
- Flexible coverage limits
- No physical inspection of the property is necessary
- Fully transferable
- Backed by A.M. Best A or higher rated carriers
- High loan limits
- Extended term limits
- Available for first purchase origination, refinances, HELOCs,
or other 2nd lien positions
* Subject to guidelines
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Solutions Utilizing VeroSECURED Plus:
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