First American Real Estate Solutions Expands Offering With Veros and Basis100 Automated Valuation Models
Mar 15, 2004
Key Partnerships Provide Customers With the Most AVM Options in One Location
Anaheim, CA - March 15, 2004 - First American Real Estate Solutions (RES®), the nation's largest provider of property and ownership information, analytics and services, today announced the addition of Veros and Basis100 Automated Valuation Model (AVM) solutions as key offerings within its integrated suite of collateral valuation decisioning tools.
With these additions, First American RES has increased its quantity of available AVM providers to four, joining Freddie Mac's Home Value Explorer® (HVE®) and First American RES' ValuePoint®4, the company's proprietary fourth-generation technology. This combination provides customers with the greatest nationwide geographic coverage, hit rate and accuracy in the industry.
"By enabling clients to access the top four AVM providers from a single platform, First American RES is simplifying the process of purchasing and implementing multiple AVMs and providing a powerful, comprehensive solution," said George Livermore, president of First American RES. "We will continue to put all our resources into providing our customers with the most reliable enterprise-level technology, coupled with the most choices."
First American RES customers can access the Veros and Basis100 options through the company's Connect2Data(TM) XML offering, which provides a direct feed into the industry's most current and comprehensive real estate information database.
About Veros Real Estate Solutions:
Veros Real Estate Solutions, a proven leader in enterprise risk management and collateral valuation services, uniquely combines the power of predictive technology, data analytics and industry expertise to deliver advanced automated decisioning solutions. Veros products and services are optimizing millions of profitable decisions throughout the mortgage industry, from loan origination through servicing and securitization. Veros provides solutions to control risk and increase profits including automated valuations, fraud and risk detection, portfolio analysis, forecasting, and next-generation collateral risk management platforms. Veros is headquartered in Santa Ana, California. To order the VeroFORECAST update or receive information on other Veros analytic products and systems, visit www.veros.com or call (866) 458-3767.