AI-Powered AVM Suitability Tool For Second Mortgages and Home Equity Lending

Gain the best property-level valuation insight with VeroPRECISION™, powered by the Veros Valuation Decision Engine. When you choose VeroPRECISION, the Valuation Decision Engine runs an AVM on a subject property – only after determining the property is best served by automated valuation. If not, VeroPRECSION orders a desktop valuation or appraisal instead, from a provider designated by you, the lender.

AVM Best Fit Technology

Not all properties are suitable candidates for AVM use. Instantly discover the best-fit valuation solution for each property.

The Choice for Increased Accuracy

Increase AVM accuracy through the Valuation Decision Engine’s ability to eliminate non-suitable properties.

Better Client Satisfaction

Eliminating valuation outliers from the AVM pool increases efficiency and client satisfaction.

Valuation Decision Engine

How AI Powers Smart Valuations within VeroPRECISION
  1. VeroPRECISION begins by generating a property-level AVM Suitability Score using case-based reasoning, data-driven automation and sophisticated data analysis.
  2. When an AVM is determined to be the best valuation method, it automatically orders automated valuations from VeroVALUE and Collateral Analytics®’ CA Value MC.
  3. Leveraging Artificial Intelligence (AI), VeroPRECISION’s then scores the AVMs at a property level (versus state or county level), and returns the more accurate and stronger of the two AVMs in a report with full supporting data analysis.

The Precise Valuation Solution for Second
Mortgages and Home Equity Loans

Various collateral valuation approaches may result in disparities between purchase transactions and non-purchase or refinance transactions. When home equity lenders implement AVMs in production that are based only on purchase transaction testing they can get inconsistent results for HELOC and refinance production. VeroPRECISION is optimized on a case by case basis, ensuring the optimal results for each transaction type.

Next Level AVM
Cascade Decisioning

By identifying AVM-suitable properties and addressing accuracy disparities and usage suitability concerns, VeroPRECISION removes outliers from the equation and raises AVM accuracy and usability. Through exclusive use of AVM brands consistently identified as the most accurate, VeroPRECISION delivers the next-level AVM cascade solution.

Sometimes, an AVM is
Not the Solution

When VeroPrecision identifies the subject properties are not the best fit for an AVM, an immediate escalation to one of the following four evaluation options based on your business rules:

  1. A desktop valuation performed by a certified appraiser
  2. A desktop valuation performed by a highly trained analyst
  3. A desktop valuation with exterior inspection performed by a certified appraiser
  4. A desktop valuation with exterior inspection performed by a highly trained analyst
The Veros AVM
Suitable Score Engine

The Veros AVM Suitability Score looks at the subject property, including the immediate environment, and makes some basic assessments:

  1. How much does the AVM know about the subject property’s physical characteristics from both public records and MLS data?
  2. Is the subject property similar to other recently sold properties in the immediate area?
  3. Are there recent sales and listings for similar properties near the subject?

This is different than the AVM Confidence Score, which measures the degree of variability associated with the point value estimate of the AVM.

VeroPRECISION – The Quest for Constant Improvement

Veros and our customers work together to ensure VeroPRECISION’s effectiveness. In quarterly VeroPRECISION testing reports sent to customers, we detail hit rates and value accuracy for suitable properties versus non-suitable properties. Customers are encouraged to provide the recently appraised values for their subject properties so that Veros can append VeroPRECISION values.

This allows for the comparison of testing performance and actual production performance and is ideal for validating customer’s unique footprint and risk tolerances.

Get Started


1.866.458.3767 Option 2


RIsk Zones of Climate Change

Climate Change…And Where You Do and Don’t Want To Live

Climate change impacts more than the environment, but also where people want to live and the value of homes. The COVID-19 pandemic’s perceived negative impact on home values was short-lived — the market paused for only one quarter, then resumed appreciating in the subsequent quarters and continues to perform remarkably. Climate change, on the other

Identifying natural disasters and risk

Housing regulator looks to create a standard in identifying climate risk

The Federal Housing Finance Agency earlier this month put out a request for input on the impact of natural disaster risk to the housing finance system as a whole and to Fannie Mae, Freddie Mac, and the Federal Home Loan Banks in particular. In its RFI, the agency noted that “natural disasters could result in

Home Prices Set to Increase Nearly 6 percent in 2021 as Nation Emerges From COVID-19 Pandemic_lp

Home Prices Set to Increase Nearly 6% in 2021 as Nation Emerges From COVID-19 Pandemic

VeroFORECAST projects double-digit appreciation in many markets by Q4 2021 SANTA ANA, Calif., January 7, 2021—Today Veros Real Estate Solutions, an industry leader in enterprise risk management and collateral valuation services, released its Q4-2020 VeroFORECASTSM data that anticipates home price appreciation will increase significantly during the next 12 months in the 100 most-populated markets. The overall

Scroll to Top