Veros Real Estate Solutions just added a Realtors Valuation Model (RVM) to its tech-based, risk management platform for the mortgage market and investors.
Santa Ana, Calif.-based Veros said RVM is a product of Realtors Property Resource, a subsidiary of the National Association of Realtors and Lender Processing Services.
"The AVM marketplace continues to introduce high-performance models," said David Rasmussen, Veros' senior vice president of operations. "These models are particularly important as the most recent update to the Interagency Appraisal & Evaluation Guidelines highlighted the need for thorough testing of all valuation methods of all varieties. Utilizing multiple AVMs according to performance is an efficient and effective approach to valuation. RVM is another high-performing model to add to our impressive list of available AVMs."
RVM will be marketed to clients as a singular product and as part of Veros' VeroSelect and Sapphire valuation platforms.