has partnered with Veros Real Estate Solutions
to provide Automated Valuation Model (AVM) and eValuation services through VeroSELECT, Veros’ proprietary, centralized valuation fulfillment platform. By integrating with Veros’ VeroSELECT platform LenderClose will be able to support the automated request and delivery of the industry’s largest selection of AVMs to its clients, including Veros’ flagship AVM offering VeroVALUE.
“This partnership will enhance the LenderClose user experience by providing a powerful selection of AVMs to our users,” said LenderClose Founder/Chief Executive Officer Omar Jordan. “We believe Veros is one of the dominating valuation providers, which is why we are excited about this partnership.”
VeroSELECT provides access to a comprehensive suite of innovative collateral risk solutions from more than 10 vendors designed to help lenders best assess collateral values at origination and across existing portfolios. In addition to the VeroVALUE suite of valuation products and eValuation services, VeroSELECT also offers AVM Cascade Management, VeroPRECISION, which leverages sophisticated data analysis to determine whether or not a specific property is a viable candidate for AVM use; VeroBPO Broker Price Opinions, VeroPHOTO Plus Property Condition Reports, and the company’s proprietary, best-in-class valuation forecasting tool, VeroFORECAST.
“LenderClose has a stellar reputation for providing credit unions and community banks with the products, services and technology solutions they need to compete with their national lender counterparts and we are excited to partner with them to offer our AVM and evaluation services to this important market segment,” said Veros Senior Vice President of Strategic Initiatives Chuck Rumfola.