Veros Real Estate Solutions, a company focused on collateral valuation technology, says its proprietary home price index, VeroHPI, is now available for commercial use.
Lenders, secondary market participants, mortgage servicers and analysts will have direct access to information previously available only in Veros products. The information includes analytics with a repeat sales index, which helps improves decision-making regarding residential property price trends in U.S. markets.
‘This data has never been made available for use outside of Veros' own analytic tools and solutions,’ says Eric P. Fox, vice president of statistical modeling and economics for Veros. ‘In addition to the repeat sales models, our HPI is fueled by 'purchase only' transactions. This filter offers yet another measure to ensure accuracy and clarity that can be lost if other sources of data, such as refinance appraisals, are used.’
For more information on VeroHPI, send an email to info@veros.com or call (866) 458-3767.