Veros has announced that it has added the Realtors Valuation Model (RVM) to its platform of solutions for the mortgage and investor market. RVM is the product of Realtors Property Resource LLC (RPR), a wholly-owned subsidiary of the National Association of Realtors (NAR), and Lender Processing Services Inc. (LPS).
“The AVM marketplace continues to introduce high-performance models,” said David Rasmussen, Veros’ senior vice president of operations. “These models are particularly important as the most recent update to the Interagency Appraisal & Evaluation Guidelines highlighted the need for thorough testing of all valuation methods of all varieties. Utilizing multiple AVMs according to performance is an efficient and effective approach to valuation. RVM is another high-performing model to add to our impressive list of available AVMs.”
Veros will market RVM to its extensive client base as a standalone product as well as through its valuation management platforms: VeroSELECT and Sapphire.
“The Realtors Valuation Model was created to assist the housing market—from Realtors to investors—with improved analytics that enhance how properties are priced and evaluated," said Tricia McClung, RPR VP of business development. "RVM leverages a broad array of property information, including Realtor market data, for a comprehensive, current, and reliable valuation result. We are thrilled to be working with Veros to deliver RVM to the industry.”