Valuations firm Veros Real Estate Solutions has introduced iVALUATION, a new platform that provides housing finance professionals with the quick insights they need to be confident in the accuracy of a property valuation.
With its combination of an advanced automated valuation model and comprehensive nationwide property data, iVALUATION is positioned to transform the way the industry assesses property value, Veros says in a press release.
The platform is engineered to help validate property valuations. It empowers users to interact with the data and refine property characteristics, enhancing the accuracy and reliability of property value estimates, the firm says.
The tool simplifies research, streamlines the selection of comparable sales, and expedites verification of property valuations – all while producing detailed, professional reports that instill confidence and drive well-informed decisions across the real estate landscape.
iVALUATION is designed for the needs of mortgage originators, home equity lenders, appraisal reviewers, investors, and a wide array of other housing finance professionals and is particularly helpful for navigating the complexities of reconsideration of value (ROV) claims processes.
The platform offers the ability to cross-reference detailed property data with multiple listing services and public records, selecting from up to one hundred comparable properties and refining valuations by adjusting or adding property characteristics.
“Given the 2024 ROV policy changes from HUD and the GSEs, the timing of iVALUATION couldn’t be better,” says Sarah Acosta, senior vice president of product and data operations at Veros Real Estate Solutions. “Appraisers and other housing finance professionals now have a powerful tool that not only simplifies the ROV research process but also provides a central hub for accessing nationwide data, selecting and adjusting comparables interactively, generating accurate property valuation estimates, and documenting items researched. iVALUATION is poised to transform property analysis in the industry.”
