Veros Software's VeroValue automated valuation model will become an integrated tool in Synergistic Software Systems' SharperLending online platform, allowing lenders to order an AVM through the Electronic Partner Network.VeroValue currently provides valuations in 40 states and over 600 counties nationwide. Veros, based in Irvine, Calif., said it also generates property fitness analytics, price trend information, and VeroForecast, an analytic tool that estimates future values and market stability. Synergistic, based in Spokane, Wash., said its technology already serves 18,000 lenders nationwide, a growing number of which have access to its new SharperLending system -- a Web-based platform through which lenders can order, store, and manage all the reports they need to close a loan. Veros can be found online at http://www.veros.com, and Synergistic can be found at http://www.sharperlending.com.
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The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans.
9h ago -
Home affordability declined on a monthly basis across loan types and racial demographics, but improved from a year ago, the Mortgage Bankers Association said.
10h ago -
A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
10h ago -
The latest study from LodeStar found the ratio of average closing cost to home sales price in several states, led by Delaware, well above the national average.
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The benchmark 10-year Treasury yield topped 4.4% on April 29 — its highest level since late March — as investor anxiety mounted.
April 30 -
The technology firm posted annual gains in servicing, origination and closing solutions, although the segment at large posted an operating loss.
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