Veros and SWBC Partner on New Valuation Offering
September 18, 2018
Veros Real Estate Solutions and SWBC Lending Solutions have partnered to provide complete, end-to-end collateral valuation and analytics services. Texas-based SWBC Lending Solutions, a subsidiary of SWBC, will now offer Veros' AVM solutions, including the company’s proprietary VeroVALUE suite and the VeroPRECISION valuation decision engine, for all mortgage industry participants seeking to maintain valuation accuracy, while cutting costs and increasing operational efficiencies.
"SWBC Lending Solutions has a stellar reputation for providing comprehensive services and solutions that touch every stage of the mortgage lifecycle and, with the addition of Veros as a preferred supplier, they will now have the ability to offer even greater benefits to their customers,” said Veros President and Chief Executive Officer Darius Bozorgi. “We look forward to working with the SWBC team and to leveraging our innovative products, compliance expertise and outstanding customer service to support their business objectives, as well as those of their valued customers.”
By adding VeroPRECISION to its product line, SWBC now offers next-generation AVM decision logic technology. In cases where VeroPRECISION instantly deems a property appropriate for AVM valuation, those customers will immediately receive one of the industry’s top-performing AVMs. Based upon machine learning in a production environment, the VeroPRECISION decision engine determines the most accurate valuation at the subject property level.
"We are thrilled to have partnered with Veros Real Estate Services,” said Ted Robinson, Chief Executive Officer of SWBC Lending Solutions. “They are the leader in AVM modeling and technology, and our customers will benefit greatly from these innovative products.”
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