VeroFI is easy to use, understand and incorporate into your business. Using industry standard communication technology (e.g. Internet, XML) customers simply need to identify a property address and a valuation estimate.
VeroFI affords an organization the opportunity to evaluate and verify any estimate of value by analyzing any user-supplied value, determine the variance from estimated market value, and identify whether any deviation results in overvaluation or undervaluation risk.
Combining Veros' predictive technology with variable collateral risk modeling, VeroFI will quantify the potential valuation risk specific to a residential lending transaction and will provide immediate access to identify the feasibility of any user-provided residential property value (e.g. owner's estimate, BPO, appraisal, or AVM).
Lenders can now score any estimate of value whether for pre-qualification and origination purposes or other credit-risk, quality control, portfolio review or audit procedures. Risk-based pricing strategies rely on technology to offer unlimited potential and greater effective use of automated solutions. Modern technology enables the real-time analysis of each individual business transaction to create the opportunity for customer or program-specific pricing based upon the risks identified. Risk-based pricing strategies allow an organization to expand business opportunities while mitigating risk and increasing competitive advantage
- Identify overvaluation risk
- Quantify the variance between any supplied value and estimated market value
- Increase effective use of cost savings collateral valuation tool
- User-supplied Value Estimate
- Feasibility Score (VFS)
- Feasibility Indicator (VFI)
- Property Characteristics
- Up to Six Local Recent Sales
- Neighborhood Fitness Information
- Neighborhood Price Trends