Valuations technology firm Veros has launched an optimized independent third-party tested AVM cascade called ValuStream.
The new solution ensures reliability and performance with independent, third-party AVM testing conducted quarterly for rigorous due diligence, the firm says in a release.
This testing, using CoreLogic OptiVal, leverages both purchase and non-purchase data to optimize AVM performance.
ValuStream is available through VeroSELECT and Valligent via Acuity and other direct integrations.
With ValuSTREAM, lenders gain the peace of mind of a fully managed solution: they simply order the product and never worry about constantly making changes to their cascade presences, as it’s set for them and regularly updated based on the OptiVal testing.
OptiVal operates as an independent AVM testing unit within CoreLogic and is vendor agnostic, meaning it relies solely on real-world testing data to identify the best AVMs.
This advanced cascade solution refines AVM selection at the county level, ensuring location-specific valuation precision and continuous updates that adapt to shifting market conditions. The results give mortgage lenders and real estate professionals the confidence to make informed decisions.
“Lenders need valuation solutions that provide transparency and performance they can trust. By continuously refining AVM selection at the county level and ensuring the highest standards of data integrity, we are delivering a solution that enhances underwriting efficiency and reduces valuation risks,” says Eric Fox, chief economist and senior vice president of analytics at Veros.
ValuStream redefines how AVM cascades operate by offering tailored valuation strategies that align with specific business objectives, the firm says. Whether prioritizing accuracy, maximizing market coverage, or achieving a balanced approach, it provides a flexible framework that can fulfill varying needs. It also meets compliance standards, making it a trusted choice for financial institutions navigating regulatory requirements.
“As the industry-leading AVM cascade solution, CoreLogic’s OptiVal is the ideal solution to support ValuSTREAM,” says Sage Nichols, senior vice president, collateral and risk solutions at CoreLogic. “Our unique data, analytics, and cascade management will provide an ideal offering for clients who need a proven, compliant offering to address their lending needs.”