The AI industry is flourishing, resulting in an expected real estate demand increase. However, Housing prices in San Francisco are still unaffordable. It remains unclear whether the housing market will improve in a big way, despite VeroFORECAST predicting a 3.6% drop in housing prices over the next 12 months in the city.
Kristin Gruidl, Senior Product Manager at Veros, discusses the positive industry impacts of recent changes to Fannie Mae’s Modernization Initiative. The modernization of valuations will help lenders, appraisers, and risk investors, and Veros is proud to be a part of the continued effort to standardize and collect data that helps to improve collateral valuation risk management
The combined forces of Valligent and Veros provide lenders with a unified ecosystem of solutions for a compliant, efficient, and accurate valuation process. By partnering with Valligent and leveraging the ICE Mortgage Technology® Platform, lenders will have access to a seamless technology solution that can solve all property valuation and collateral risk management needs.