Santa Ana, Calif., August 22, 2024 — Veros Real Estate Solutions (Veros®), a leading provider of innovative real estate valuation and analytics services, proudly introduces iVALUATION – a state-of-the-art platform that provides housing finance professionals with the quick insights they need to be confident in the accuracy of a property valuation. With its powerful combination of an advanced automated valuation model and comprehensive nationwide property data, iVALUATION is positioned to transform the way the industry assesses property value.
Masterfully engineered to help validate property valuations, iVALUATION empowers users to interact with the data and refine property characteristics, enhancing the accuracy and reliability of property value estimates. This tool simplifies research, streamlines the selection of comparable sales, and expedites verification of property valuations – all while producing detailed, professional reports that instill confidence and drive well-informed decisions across the real estate landscape.
Designed with the needs of mortgage originators, home equity lenders, appraisal reviewers, investors, and a wide array of other housing finance professionals, iVALUATION stands out as an essential resource, particularly for navigating the complexities of Reconsideration of Value (ROV) claims processes. The platform’s robust capabilities offer the ability to cross-reference detailed property data with multiple listing services and public records, selecting from up to one hundred comparable properties and refining valuations by adjusting or adding property characteristics.
“Given the 2024 ROV policy changes from HUD and the GSEs, the timing of iVALUATION couldn’t be better,” said Sarah Acosta, SVP of Product and Data Operations at Veros Real Estate Solutions. “Appraisers and other housing finance professionals now have a powerful tool that not only simplifies the ROV research process but also provides a central hub for accessing nationwide data, selecting and adjusting comparables interactively, generating accurate property valuation estimates, and documenting items researched. iVALUATION is poised to transform property analysis in the industry.”
Beyond serving the needs of mortgage industry professionals, iVALUATION is a valuable resource for real estate brokers and agents looking to evaluate and determine the optimal listing price for property sales. It also assists real estate appraisers in enhancing the efficiency of appraisal reviews while ensuring the justification of both property value and comparable selection.
Already trusted by major government entities, iVALUATION offers a comprehensive solution for those seeking to navigate the complex real estate market with greater confidence and efficiency. Future enhancements to iVALUATION are set to assist with producing real estate property valuations as well.
For more details about iVALUATION or to request a demo, visit the iVALUATION property analysis platform product page or contact 866-458-3767, option 2.
About Veros Real Estate Solutions (Veros®)
A mortgage technology innovator since 2001, Veros is a proven leader in enterprise risk management and collateral valuation services. The firm combines predictive technology, data analytics, and industry expertise to deliver advanced automated solutions that control risk and increase profits throughout the mortgage industry, from loan origination to servicing and securitization. Veros’ services include automated valuation, fraud and risk detection, portfolio analysis, forecasting, and next-generation collateral risk management platforms. Veros is the primary architect and technology provider of the GSEs’ Uniform Collateral Data Portal® (UCDP®). Veros also works closely with the FHA to support its Electronic Appraisal Delivery (EAD) portal. The company is also making the home-buying process more efficient for our nation’s Veterans through its appraisal management work with the Department of Veterans Affairs. For more information, visit veros.com.
Media Contact
Heather Zeller
Vice President of Marketing
Communications@veros.com
866-458-3767
Original press release source: BusinessWire
