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Veros’ Study Demonstrates Its AVM is Not Influenced by Historical Redlining

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.

Veros’ Study Demonstrates Its AVM is Not Influenced by Historical Redlining Read More »

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Standing Out In A Crowded Home Equity Market

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

Standing Out In A Crowded Home Equity Market Read More »

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Veros Names Heather Zeller Vice President, Marketing

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.

Veros Names Heather Zeller Vice President, Marketing Read More »

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Home Equity Lending Needs a Tech Refresh

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

Home Equity Lending Needs a Tech Refresh Read More »

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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 and Valligent Launch the Valligent Appraiser Training Program for Increased Appraiser Diversity Read More »

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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.

Veros Acquires Leading Home Appraisal Provider Valligent to Offer A Full Spectrum of Property Valuation Solutions to Mortgage Markets  Read More »

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Automated Valuation Models Can Help Identify Home Appraisal Bias in Minority Communities

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.”

Automated Valuation Models Can Help Identify Home Appraisal Bias in Minority Communities Read More »

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