Skip to main content

Veros Named Master Distributor of Freddie Mac Valuation Tools

NationalMortgageProfessional.com
Apr 16, 2013

Veros Real Estate Solutions has been named a distributor of the Freddie Mac Home Value Suite, which includes the Home Value Explorer (HVE) and Home Value Calibrator. Freddie Mac's Home Value Suite is a defined set of valuation modeling tools that are designed to automate, streamline, and ultimately drive down the industry’s cost of collateral valuation. The suite was developed to serve lenders in processing and underwriting capacities, portfolio managers, quality control professionals, real estate brokers and Wall Street investors. Veros is authorized to directly distribute the products.   Freddie Mac’s HVE is an automated valuation model (AVM) that incorporates the property data from the GSE’s portfolio of loans, appraisal data from the Uniform Collateral Data Portal (UCDP) and data from the GSE’s portfolio on the 12 non-disclosure states that do not allow public access to this information. “We have found the HVE AVM to be an excellent complement to the VeroVALUE AVM in cascade approaches, which are available via our proprietary valuation management systems,” said Charles Rumfola, senior vice president of strategic initiatives for Veros. “We encourage clients to engage in their own blind AVM tests or utilize the testing conducted by industry experts, and the results of those tests consistently show the VeroVALUE AVM and Freddie Mac’s HVE AVM as top performers.” Freddie Mac’s Home Value Calibrator is a quality control (QC) tool that measures the risk of over-valuation from an appraisal or other market value estimate, and combines the accuracy of HVE with the insight of predictive, statistical scoring models. The tool provides valuable and direct input to lenders regarding which loans present the greatest over-valuation risk and should be reviewed by a qualified reviewer. “Through our participation as the UCDP technology provider, we’ve been involved at the ground floor with one of the most industry-changing initiatives of this decade,” said Rumfola. “Freddie Mac’s Home Value Suite is a perfect addition to our extensive array of market analytics, forecasting and appraisal scoring tools, and yet another way Veros is making it possible for clients to look at valuation risk from a myriad of angles and approaches."
Published
Apr 16, 2013
FHFA Proposes Extra Disclosure Rules For Fannie, Freddie

The proposed rule for the Enterprise Regulatory Capital Framework seeks to put Enterprises on a "level playing field" with U.S. banking requirements.

Regulation and Compliance
Oct 28, 2021
Crime Stories From The Trenches

Bad brokers, renegade Realtors, treacherous title agents. It’s getting tough out there.

Regulation and Compliance
Oct 26, 2021
Feds Reviewing Appraisal Standards, Qualifications

Appraisal Subcommittee said requirements are being reviewed to determine whether they ensure and promote fairness, equity, objectivity, and diversity, in both appraisals and in the training and credentialing of appraisers.

Regulation and Compliance
Oct 20, 2021
​​​​​​​FHFA OK's Desktop Appraisals, Expands Refi Criteria

The Federal Housing Finance Agency (FHFA) said Monday it will take two steps to help make home ownership more affordable and sustainable for mortgage borrowers, especially for those in underserved communities. 

Regulation and Compliance
Oct 19, 2021
CFPB Names 4 To Key Senior Positions

The appointees include two who helped create the bureau and two who served on the CFPB staff during the Obama administration.

Regulation and Compliance
Oct 14, 2021
FHFA Raises Enterprises' Multifamily Loan Purchase Caps

The Federal Housing Finance Agency (FHFA) said the 2022 multifamily loan purchase caps will be $78 billion for each Enterprise, for a combined total of $156 billion to support the multifamily market.

Regulation and Compliance
Oct 13, 2021