Santa Ana, Calif., October 10, 2023 — Valligent, a Veros Software company providing market-leading real estate valuation solutions, has enhanced their traditional appraisal quality control process with BiasCHECKSM, a technology-based risk analysis solution integrated into Valligent’s appraisal review to quickly detect if an appraisal may be at risk for potential valuation bias or quality issues that need deeper analysis.
Valligent, a Veros Software company, has announced the launch of ValDESKTOP(SM) for streamlined desktop appraisals. It utilizes Fannie Mae’s® Form 1004 Desktop or Freddie Mac’s® Form 70D for appraisals. It offers lenders convenience and cost savings over the traditional appraisal due to the added efficiencies gained in the process.
This strategic collaboration marks a significant milestone in the LenderX commitment to delivering innovative solutions that empower well-informed decision-making processes. The fusion of Veros’ expertise in the AVM domain with LenderX’s dedication to excellence will provide partners and clients with unparalleled insights and precision in property valuations.
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.
Veros Real Estate Solutions releases 2023 Q2 VeroFORECAST, which anticipates a strengthening housing market for the next year. The report further indicates that while the Western markets, once the darlings of the real estate world, display signs of weakness, the Midwest and Eastern states have emerged as hotspots for homebuyers seeking affordability and economic stability.
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.
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.