SWBC Lending Solutions™ and Veros Real Estate Solutions (Veros®) 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 VeroVALUESM 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,” says Darius Bozorgi, CEO/president of Veros. “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.”
“While some valuation service providers actually compete directly with their partners, Veros is committed to supporting our partners completely and providing them with the resources they need to succeed,” says Robert Walker, CMB, CMT, vice president of Sales at Veros. “Our sales and support personnel serve as an extension to our partners’ teams, providing them with the resources they need for optimal efficiency and profitability.”
“We are thrilled to have partnered with Veros Real Estate Services,” says Ted Robinson, CEO of SWBC Lending Solutions. “They are the leader in AVM modeling and technology, and our customers will benefit greatly from these innovative products.”
“SWBC Lending Solutions is excited to expand our customized offerings to our clients for their lending segment needs,” says Guy Taylor, president of SWBC Lending Solutions. “Our integration with Veros provides SWBC Lending Solutions’ clients access to Veros’ proprietary VeroVALUE suite and the VeroPRECISION valuation decision engine, without the client needing to build a separate integration. The ability to offer these additional products through our existing integrations with our clients will maintain their operational efficiencies and allow the client additional solutions.”
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.
“Veros has long been a leader in the AVM space and with the recent introduction of VeroPRECISION, we now offer a solution that identifies upfront if an AVM is viable,” Walker says. “Independent testing shows that while 70-80 percent of property valuations are accurately valued by the industry’s high-quality AVMs, the balance requires hands-on analysis through an alternative, such as a desktop, drive-by or traditional appraisal.”
Veros’ comprehensive suite of valuation solutions is available through VeroSELECTSM, its vendor-agnostic, single-enterprise management platform. VeroSELECT provides access to more than 25 innovative collateral risk solutions from 15-plus vendors, helping lenders best assess collateral values at origination and across existing portfolios. In addition to VeroPRECISION and all VeroVALUE products, the platform also includes appraisal and evaluation services, AVM Cascade Management, Broker Price Opinions, Property Condition Reports, and Veros’ proprietary valuation forecasting tool VeroFORECAST™.
For more information, please visitwww.veros.com/what-we-offer/tools/veroprecision.
For the latest real estate news and trends, bookmark RISMedia.com.