VeroSELECT provides access to a full range of collateral risk solutions, including AVM products, BPO services, appraisal solutions, varying photo and condition reports, and more. An easy-to-implement solution, VeroSELECT helps users dynamically implement risk and underwriting strategies while simultaneously allowing an enterprise to monitor workflow, vendor communications and adherence to internal and external policies.
Designed for use by mortgage industry participants who are ordering, managing or supplying a variety of collateral valuation products, VeroSELECT allows users to manage multiple vendors in a centralized system. 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.
- Use VeroSELECT to connect your valuation processes directly into portals for electronic appraisal data delivery
- Access the system via an online portal, batch or XML
- Integrate with parallel systems and platforms for seamless transitions
- Secure use, delivery, storage and retrieval of data
VeroSELECT is an easy to implement solution that dynamically implements various risk strategies while simultaneously allowing an enterprise to monitor workflow for compliance and adherence to policies. Valuation quality, consistency and cost-efficiency are increased, allowing you to access the tools you need to execute strong underwriting, review or servicing practices.
Easily set up collateral valuation rule sets for AVMs based on a wide variety of criteria, including LTV, credit, product type, geographic area (county, city, ZIP code, etc.), confidence scores, fraud scores or any number of user-defined variables, such as internal risk or collateral scores. These intelligent and adaptable tools help you manage your business decisions based on cost, compliance and loan performance metrics.