Santa Ana, Calif.-based Veros Real Estate Solutions, a provider of enterprise risk management and collateral valuation services, has released its latest quarterly forecast of the nation's residential real estate markets.
The forecasts, based upon the VeroFORECAST models, reflect projected market gains and declines for single-family residences in most major metropolitan areas and a large number of non-metro areas, resulting in coverage of 75% of the nation's population.
Independently or combined with Veros' Risk-Based Default Management process (which includes traditional and default/REO AVMs as well as market risk scores), these forecasts allow servicers and investors to determine collateral risk levels and establish a priority of action on their accounts, proactively manage likely default exposure, and make more effective decisions about non-performing assets, the company says.
VeroFORECAST is available to servicers either on a transactional application or through a quarterly data subscription.
