Veros Real Estate Solutions is a top choice for real estate data and technology.
Veros Real Estate Solutions’ systems are used by the country’s leading financial services firms for mortgage lending, servicing and investing. With services delivered mainly using Software as a Service (SaaS) technology, Veros’ valuation and risk management systems include fully automated processes for the ordering, tracking, acceptance, quality control, scoring and delivery of appraisals, broker price opinions (BPOs) and automated valuation models (AVMs). In addition, Veros offers sophisticated risk assessment products, analytics and real estate data to enhance the power of valuations, as well as automating the criteria, assignment and management of these products by loan specialists or valuation experts.
Sapphire provides structured flexibility to manage valuation strategies from beginning to end. Sapphire includes comprehensive order, review, reporting and administration functions sized to fit the user’s specific platform needs. The platform also offers mission-critical modules for organizations delivering to UCDP and EAD, managing appraiser panels and/or multiple valuation providers and automating essential quality control measures. Find out more about Sapphire.
PATHWAY is an ideal solution for entities in need of a direct connection to the GSEs’ Uniform Collateral Data Portal (UCDP) or FHA’s Electronic Appraisal Delivery (EAD) portal without the current need for a complete platform solution. PATHWAY provides the power to deliver compliant XML to UCDP and EAD with the added functionality of UAD Compliance Preview, UCDP Error Preview and UCDP and EAD Submission Result Return. PATHWAY users also benefit from Veros’ dedicated integrations and in-house customer support teams managing the onboarding process and future system enhancements to streamline your organization’s efforts. Get on the PATHWAY Today
VeroSELECT is designed for use by mortgage industry participants who are ordering, managing or supplying automated valuation models (AVMs). This web-based platform allows multiple users from an organization (or multiple departments within an organization) to manage the valuation process from end-to-end with a focus on rules-based ordering, management of multiple vendors, automated quality control, secure data transmission and customizable reporting. Learn More
Beyond recognizing how to maximize the data it receives, the team at Veros understands the critical nature of protecting highly sensitive data from every possible threat and disaster. With this in mind, Veros goes above and beyond to ensure total quality in all aspects of technology, protecting its client’s business and delivering reliable, high-quality, high-performance online business services that are unsurpassed in the industry.
Veros brings to the table an extensive background in technology-based industries and a truly customer-centric approach. This depth and breadth gives the Veros team the capacity to create next-generation applications built to fully realize your business objectives and make your data work to its optimal potential. This experience, vision and steadfast customer support has allowed Veros to set themselves apart as the premier service provider in the industry.
The housing market situation is fundamentally different from that during the great recession of 2008. One of the key reasons why house prices have not declined significantly is because of the very low inventory of homes available for sale. There were fewer than one million existing homes available for sale in January 2023 compared to over 3 million in any month during 2007-2008.
High home prices coupled with high interest rates made purchasing a house increasingly unaffordable. As a result, demand for home purchases fell. Pending sales across the United States decreased by over 40% from mid-June to the end of 2022.
In this short article, we look at three different consumer mortgage metrics when comparing the economic conditions today to the Great Recession over a decade ago.
