LenderClose, which offers Consumer Financial Protection Bureau-compliant software solutions for credit unions and community banks, is partnering with Veros Real Estate Solutions, a developer of enterprise risk management, collateral valuation and predictive analytics services, to provide automated valuation model (AVM) and e-valuation services through VeroSELECT, Veros’ proprietary, centralized valuation fulfillment platform.
By integrating with VeroSELECT, LenderClose will be able to support the automated request and delivery of the Veros’ selection of AVMs to its clients, including Veros’ flagship AVM offering, VeroVALUE.
Launched in 2016, LenderClose provides local lenders with comprehensive loan origination services and technology solutions on a pay-as-you-go basis that enable them to streamline the lending and underwriting processes, as well as reduce costs for their borrowers, the company claims in a press release.
“This partnership will enhance the LenderClose user experience by providing a powerful selection of AVMs to our users,” says Omar Jordan, founder and CEO of LenderClose. “We believe Veros is one of the dominating valuation providers, which is why we are excited about this partnership.”