The National Mortgage Professional’s recent article, “How AVMs Can Promote More Equitable Home Valuations,” written by Reena Agrawal, shares insights on whether historical redlining is still a present issue. Agrawal also expands on technology-driven AVMs, and how they can help minority homeowners enhance and accumulate their wealth.
In the News
Veros’ study examined AVM predictions for single-family properties in redlined versus non-redlined neighborhoods close to one another in Los Angeles, California. Veros’ economists used this approach because mortgage funds were historically abundant for non-redlined areas, while they were scarce or non-existent for redlined areas. To enable proper testing, the areas selected for analysis had single-family homes on both sides of the boundaries.
Jeff Hogan, Veros Real Estate Solutions’ (Veros) Vice President of Valuations, recently discussed the challenges of diversity in the real estate appraisal industry with The Sacramento Observer in the latest article titled, “Real Estate Appraisal’s Diversity Problem.”
How Can Home Equity Lenders Differentiate Themselves? In the National Mortgage Professional’s recent article, “Standing Out in a Crowded Home Equity Market,” written by Jeremy McCarty, Founder and CEO of Valligent, shares insights on how lenders can play a crucial role in helping homeowners tap into their home equity in a high demand home
Curious where the Spring 2023 housing market is headed?
Listen to the latest episode of the National Mortgage Professionals podcast titled “What to Expect from the Spring Buying Season,” where Eric Fox, Veros’ Chief Economist, discusses the recent dramatic market volatility and how it may stabilize.
Zeller has over 25 years of experience in marketing management, product marketing, and corporate strategy in the financial services, real estate, and fintech industries. In her new role, Zeller will lead the marketing and communications teams to position Veros and sister company Valligent as thought leaders and go-to resources for property valuations, risk management solutions, and insightful housing industry data and forecasts.
In Credit Union Times’ recent article, “Home Equity Lending Needs a Tech Refresh,” written by Jeremy McCarty, Founder and CEO of Valligent, shared given the surge in the demand for home equity loans, credit unions should streamline valuation processes and find ways to differentiate themselves from competitors. The article highlighted a few ways to stand
Veros and Valligent Launch the Valligent Appraiser Training Program for Increased Appraiser Diversity
We are excited to launch the Valligent Appraiser Training Program (VATP) to promote diversity across the appraiser field. This program closely aligns with the Appraiser Diversity Initiative (ADI), in which Veros and Valligent are also involved, working with the National Urban League’s regional Entrepreneurship Centers, the Appraisal Institute, Fannie Mae and Freddie Mac. The ADI is designed to find diverse, talented candidates and educate them about the appraiser profession.
Veros Acquires Leading Home Appraisal Provider Valligent to Offer A Full Spectrum of Property Valuation Solutions to Mortgage Markets
Veros acquires Valligent to further revolutionize and drive the property valuation industry beyond where it is today. Together, the companies represent a powerful collateral valuation innovator in the market, providing a full spectrum of appraisal, valuation data and analytics and related collateral risk management solutions.
The results revealed no evidence of racial basis in the VeroVALUE AVM.
“We found that the proportion of properties that are undervalued by 15% or more is not correlated with the proportion of Black, Hispanic, Asian, or White populations,” said Eric Fox, Veros Real Estate Solutions Chief Economist. “This is crucial because it addresses concerns about undervaluations of minority-owned properties.”