Skip to main content

Veros Adds Realtors Valuation Model to its Suite of AVM Products

NationalMortgageProfessional.com
Dec 11, 2012

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.”
More from
Tech
Fraud Detection Transitions To Digital Lending

Mortgage lenders faced $20 billion in mortgage lending fraud exposure last year, according to research from Point Predictive.

Tech
Jun 16, 2021
Radian Expands Integration With Mortgage Cadence

Radian Group Inc. expanded its integration with Mortgage Cadence to include Radian's title and settlement services with the Mortgage Cadence Platform.

Tech
Jun 16, 2021
Zillow Launches Zestimate With Neural Enhancements

Zillow launched major updates to its Zestimate home valuation model, including an updated algorithm.

Tech
Jun 15, 2021
MISMO Releases eMortgage Technology Certification Program

MISMO announced the release of an eMortgage Technology Certification program to assist lenders in finding products that comply with industry standards.

Tech
Jun 15, 2021
Maxwell Introduces MaxDiligence, Due Diligence And QC Service For Lenders

Digital mortgage platform Maxwell, released its latest tech-powered innovation, MaxDiligence to provide due diligence and quality control services for lenders.

Tech
Jun 15, 2021
The New URLA – What’s the Big Deal?

Lenders will need to update their technology stack to comply with the redesigned URLA.

Regulation and Compliance
Jun 14, 2021