Veros Real Estate Solutions has announced the compliance and support of Freddie Mac’s updated seller/servicer guide, outlining new lender requirements and practices. Veros said that its enterprise risk management platform, VeroSELECT, is aligned with Freddie Mac’s goals and will provide means for lenders to achieve investment quality.
VeroSELECT provides access to a range of collateral risk solutions including property information, AVM products (including Freddie Mac’s HVE model), BPO services, appraisals, collateral fraud tools, prequalification solutions and hybrid products and services.
Darius Bozorgi, president and CEO of Veros, said: “AVMs have a proven track record in fraud detection and objective appraisal measurement. Through the use of our industry-leading VeroVALUE Automated Valuation Model, market risk analytic reports such as Veros’ Collateral Integrity Analysis (CIA), or our proprietary and fully transparent VeroSELECT system, which provides multiple third-party automated valuation models (AVM) and automated valuation services; users at all levels can ensure the value of the property is supported and the risk of default is significantly minimized.”
Santa Ana, California-based Veros Real Estate Solutions provide automated valuations, fraud and risk detection, portfolio analysis, forecasting, and collateral risk management platform services.
