Pennsylvania-based provider of real-estate lending support services, SBS, has announced the addition of Veros Real Estate Solutions’ VeroPRECISION product to their suite of valuation and appraisal management services.
VeroPRECISION gives users the ability to determine if an automated valuation model (AVM) is an appropriate tool for a specific property. While other AVMs are typically applied at broad geographic levels, VeroPRECISION can be applied to an individual property, first determining if it is a good candidate for an AVM and then determining which evaluation tool will provide the most accurate and appropriate data.
SBS offers a full suite of valuation and appraisal management services that can be tailored to meet unique specifications.The company provides real property appraisals and AVMs for banks, credit unions, mortgage lenders, and mortgage servicers.
“This application gives our customers a unique tool by which to more accurately evaluate properties,” said Dan Kavanaugh, VP, SBS. “It’s an example of our dedication to providing customers with new and innovative solutions that meet their specific and changing needs.”
“SBS offers an expansive suite of property valuation offerings for use during every phase of the mortgage lifecycle and we are honored to have them add VeroPRECISION to the mix,” said Rob Walker, VP, Sales at Veros. “VeroPRECISION is the first offering of its kind to address an inconvenient truth: that an AVM may not be an appropriate valuation tool for a particular subject property. With its addition, SBS clients will now have the ability to decisively determine when and when not to use AVMs; enabling them to make well-informed business decisions.”
Veros is a proven leader in enterprise risk management and collateral valuation services. The firm combines the power of 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.