According to the Santa Ana, Calif.-based company, the enhanced dashboard visualizes tiered levels of exposure in a portfolio–from no-exposure to maximum-exposure–while displaying potentially impacted areas in relation to properties in the portfolio. Versos stated that the product lenders, servicers, appraisal management companies, and other mortgage transaction participants to determine if residential properties are likely to have been directly affected. The data used for these reports is acquired through satellite imaging, drones and both public and proprietary data sources and is typically available within a few days post the event, Veros added.
“Recently, we have seen an increase in the frequency of wildfires and weather-related events,” said Darius Bozorgi, chief executive officer of Veros Real Estate Solutions. “Access to accurate, reliable and actionable data about the impacted properties and homeowners is mission-critical for our clients. Providing data at the property level is tremendously important for servicers to prioritize their response quickly and efficiently.”
National Mortgage Professional magazine celebrates the accomplishments of the top originators.
There’s no doubt 2021 was a good year to be an originator. But for some outstanding loan officers it was a great year. National Mortgage Professional magazine celebrates the accomplishments of the top originators by total dollar volume who shared their success with us. It’s ...
Embrace the family, be nurturing, and understand the cash mentality
We have witnessed the tremendous buying power of Hispanics as their homeownership rates skyrocket. And yet, many Spanish-speaking customers run into roadblocks when it comes to financing. According to the National Association of Hispanic Real Estate Professionals, Latinos ex...
The legal battle between REX Home Loans (Real Estate Exchange, Inc.) and NAR continues to heat up, even though REX is reported to have shut down operations.
Sustainable Communities Innovation Challenge seeks ideas to advance racial equity in housing, focusing on addressing supply, funding and credit barriers.