Streamlining property appraisal reviews and collateral risk assessment just got better with VeroSCORE’s newest enhancements. Designed for housing finance stakeholders, these updates deliver greater clarity and ease of use—all while maintaining Veros’ commitment to quality.
What’s New in VeroSCORE?
Veros Real Estate Solutions (Veros) has added key features to help users get the most from their appraisal reviews:
- Subject Property Photo: The report now prominently displays the subject property photo at the top of page one, offering immediate clarity and a more engaging experience.
- Improved Appraisal Comparable Sales Section: Redesigned for a cleaner layout, this section now includes photos of comparable properties, providing better context at a glance.
- Bias or Restrictive Word Detection: Veros introduced a report section to identify potentially biased or restrictive text and further enhance the review process. This added feature, along with the overall risk score and assessment of over/undervaluation, adds a layer of protection addressing potential valuation bias proactively, ensuring greater confidence and compliance.
- Photos of Nearby Sales and Expanded Photo Sections: When available, the report now includes photos of nearby sales and allows up to nine images each for the subject property and selected comparables from the appraisal, offering a comprehensive visual overview.*
Why These Enhancements Matter
These updates are more than cosmetic. Adding property photos to VeroSCORE makes it easier to visualize and understand the property and makes the report more engaging and easier to digest. The professional presentation, enhanced with visuals, reinforces organizational credibility and attention to detail.
Most importantly, the bias detection feature highlights Veros’ commitment to helping users meet regulatory requirements and address valuation concerns. This safeguard ensures that users can trust the integrity of their appraisals.
Why VeroSCORE Stands Out
VeroSCORE is more than an appraisal scoring tool—it is a trusted partner in making confident, data-driven decisions. With its ability to process and analyze appraisals virtually instantly, it simplifies workflows and improves productivity.
VeroSCORE stands out as a comprehensive appraisal scoring tool that supports a variety of appraisal forms, including 1004, 1073, 2055, 1025, and 1004C. VeroSCORE has an optional Uniform Collateral Data Portal® (UCDP®), or Electronic Appraisal Delivery (EAD) Preview feature that allows the user to identify submission errors before they occur, reducing delays and improving efficiency. Additionally, VeroSCORE leverages public records, appraiser licensing databases, and other trusted sources to validate and enhance the accuracy of its assessments.
With flexible access options, including a web interface for interactive reports and API integration via Veros’ PATHWAY ™ appraisal delivery portal, VeroSCORE adapts seamlessly to the user’s workflow, whether the user is managing a few appraisals or scaling up for high-volume reviews.
Looking Ahead
In 2025, VeroSCORE will be introducing a redesign to align with the government-sponsored entities Uniform Appraisal Dataset (UAD) 3.6 (MISMO® v3.6) updates. These improvements will ensure that users stay ahead in an evolving industry.
Try the Enhanced VeroSCORE Today
VeroSCORE is better than ever at delivering the insights and clarity housing finance stakeholders need to reduce the time and resources spent on appraisal reviews, mitigate risks by identifying red flags and valuation concerns early, streamline processes, focus efforts on high-priority appraisals, and make informed decisions.
Ready to see VeroSCORE in action? Contact us today to learn more, get a sample report, and discover how it can transform the appraisal review process.
* Photo availability may vary per property.
