White Papers & E-Books Archives

Compliant AVM Services: VeroVALUE AVM and the New Federal Quality Control Standards

Property Valuation, White Papers & E-Books / By Veros

Veros is proud that VeroVALUE AVM fully complies with the June 2024 federal quality control standards. Our new guide explains how VeroVALUE meets these requirements, ensuring accuracy and reliability in automated valuations. Discover how Veros supports your compliance efforts and enhances your AVM performance with our detailed compliance guide.

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2024 Study Update on “Does Historical Redlining Influence Today’s AVM Estimates”

Property Valuation, White Papers & E-Books / By Veros

In our ongoing commitment to transparency and equity, Veros Real Estate Solutions (Veros®) is pleased to present the latest update to our research study, “Does historical redlining influence today’s AVM estimates,” authored by Reena Agrawal, Veros’ Research Economist, and Eric Fox, Veros’ Chief Economist and Senior Vice President of Analytics.

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Banner image featuring the Historic Redlining Research Report

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

In the News, Press Releases, Property Valuation, White Papers & E-Books / By Veros

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.

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

In the News, Press Releases, Property Valuation, White Papers & E-Books / By Veros

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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Compliant AVM Services: VeroVALUE AVM and the New Federal Quality Control Standards

2024 Study Update on “Does Historical Redlining Influence Today’s AVM Estimates”

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

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

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