Veros Real Estate Solutions is the newest distributor of the Freddie Mac Home Value Suite, which includes the Home Value Explorer and Home Value Calibrator.
The suite is a defined set of valuation modeling tools, designed to automate, streamline and ultimately drive down the industry’s cost of collateral valuation. It was developed to serve lenders in processing and underwriting capacities, portfolio managers, quality control professionals, real estate brokers and Wall Street investors, according to a press release from Veros, which is authorized to directly distribute the products.
“We have found the HVE AVM to be an excellent complement to the VeroVALUE AVM in cascade approaches, which are available via our proprietary valuation management systems,” said Charles Rumfola, senior vice president of strategic initiatives for Veros.
Freddie Mac’s home value calibrator is a quality control tool that measures the risk of over-valuation from an appraisal or other market value estimate.
“Freddie Mac’s Home Value Suite is a perfect addition to our extensive array of market analytics, forecasting and appraisal scoring tools, and yet another way Veros is making it possible for clients to look at valuation risk from a myriad of angles and approaches,” said Rumfola.