Veros Expands Platform with IntelliReal’s iAVM

""Veros Real Estate Solutions"":http://www.veros.com, an enterprise risk management and collateral valuation services company headquartered in California, has expanded its third-party product offering through VeroSELECT with an intelligent automated valuation model (iAVM) from ""IntelliReal"":http://www.intellireal.com, a Denver-based developer of automated valuation technology.
[IMAGE] The platform is designed to route and return AVMs and other forms of valuation products with secure management of vendors, users, products, and services.

""We are excited to be able to offer another high-quality solution to Veros' clients,"" said Michael Miller, VP of client

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operations at Veros. ""IntelliReal's iAVM is a high performing product that is well recognized by the industry and a good fit for the VeroSELECT platform because of its geographic coverage and valuation accuracy. This allows us to provide an even more inclusive solution to a much broader variety of industry needs.""

Because VeroSELECT is delivered on a software-as-a-service (SaaS) basis, users access the platform online and Veros hosts and maintains the technology. The platform offers 19 unique AVMs, including IntelliReal's iAVM and the company's own proprietary models. The system's rule base allows the AVM cascade configurations to provide regulatory compliance.

""We are very pleased to announce the availability of IntelliReal's iAVM on the VeroSELECT platform,"" said James Frasche, VP of product and business development at IntelliReal. ""Our customers now have the capability of leveraging iAVM as a stand-alone collateral valuation tool or as a component of a comprehensive collateral risk management solution.""

Frasche added, ""Our partnership with Veros will improve our customers' ability to make sound assessments of collateral valuation and risk that are consistent with industry best-practices and guidelines.""