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Secured AVM Warrants the Accuracy of the Property Valuation
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VeroVALUE Secured
Warranted AVMs have been a popular topic in the mortgage
industry. Veros watched, learned, and waited to enter
this arena in order to provide a true solution rather than a
quick fix laden with loopholes. Now Veros offers several
flexible secured collateral valuation solutions along side
a few of the largest and most financially stable insurance
companies in the country. VeroVALUE SECURED warrants
the accuracy of AVM valuations for your protection.
Flexibility to Meet your Specific Needs
Unlike most of the industry that has adopted a "one size fits
all" mentality, Veros has successfully taken a customized
approach that tailors a warranted Valuation program to the
client's specific needs. Veros' warranted Valuation program
considers items such as Coverage Limits, Term Limits, LTV and
FICO requirements, Valuation Error Thresholds, Valuation Error
Determinations, etc.
Warranted Valuations are being applied to and accepted for a
wide variety of loan programs including refinance, HELOC, and
purchased transactions.
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| VeroVALUE Secured Features |
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- Property types: Single Family Residence,
Condominium, Townhouse
- Flexible FICO limits apply
- Prime and Subprime availability
- High LTV availability
- Flexible coverage limits
- No aggregate limits
- No deductibles
- No physical inspection of the property is necessary
- Fully transferable
- Backed by A.M. Best A or higher rated carriers
- Realistic confidence score limits
- Available on portfolios or loan pools
- Streamlined claims process
- High loan limits
- Variable term limits
- Available for 1st purchase origination, refinances, HELOCs,
or other 2nd lien positions
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Faster and Easier to Use
Instantaneous valuations through the use of an AVM. No
physical inspection of the property is necessary, allowing
quicker turnaround times for mortgage loan decisions.
You are not limited to protections that may be provided in an
appraiser's E&O policy. You can rely on the accuracy of the value
that is backed by A.M. Best A rated or higher insurance carriers.
Fully Transferable
Enjoy a claims process with clear def nitions of required
elements. There are no loop holes or fine print. In the
event of loss, VeroVALUE Secured is easy to understand
and apply. Our secured valuations are completely
transferable, adding value for lenders and investors
from origination through the securitization process.
Our secured value programs were designed with today's lenders
and investors in mind and for today's production requirements.
Do you need access to secured valuations for subprime or
near-prime programs? Each one of our programs can be fully
customized and tailored to meet your specific requirements.
Secured valuations are available on an individual, bulk, or
portfolio basis. |
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Solutions Utilizing VeroVALUE SECURED:
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