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Veros Offers Quarterly Risk Forecasts

Enterprise risk management and collateral valuation services provider Veros Real Estate Solutions here released another quarterly residential real estate price forecast set of data.

Veros senior vice president Dave Rasmussen said servicers are the primary beneficiaries of econometrically based real estate market forecasts. "The factor that truly establishes the pricing of real estate in any given market is supply and demand, and that factor is not solely affected by what has happened in the past real estate market cycles," he said. "Value and benefit should be the guiding principals in deciding upon a predictive method for servicing and VeroFORECAST for servicers and the default management process means a better bottom line."

Veros said the forecasted subject value allows servicers to view expected price changes for up to 18 months into the future. The low-cost tool can be used by servicers either as a transactional application or through a quarterly data subscription that is flexible enough to allow for individual analysis. Forecast data allow servicers to receive multiple property default and loss mitigation scenarios. Also it allows htem to take action in "reducing the risk of depreciating real estate values." Analyzes help project market gains and declines for single-family residents in metropolitan areas and overall 75% of the nation's population, Veros said.

Independent forecasts combined with Veros risk-based default management data analyzes of traditional and default REO AVMs and market risk scores allow servicers and investors to determine collateral risk. Veros' predictive technology solutions offer responses through the mortgage process starting with origination, to servicing and securitization. (c) 2008 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews.com/ http://www.sourcemedia.com/