Veros Updates AVM System

Veros Software, a provider of predictive technology and advanced analytics based in Irvine, Calif., has released the latest version of its VeroValue automated property valuation system.VeroValue 1.6 provides mortgage lenders with new tools such as home value forecasting, online account management, property fitness scoring, and wireless access, the company said. Home value forecasting is provided through analysis of key economic indicators and residential real estate trends, while property fitness scoring combines analysis of the subject property, neighborhood, market conditions, and both micro- and macro-economic conditions, Veros said. In addition, the new version offers a Correlated Confidence Score based on the accuracy of the valuation estimate, scaled from 1 to 100 for ease of integration into automated underwriting systems, the company said. Veros can be found online at http://www.verovalue.com.