VeroINSIGHT has lift off, with ""Veros Real Estate Solutions"":http://www.veros.com/ and ""JVI Solutions LLC"":http://www.jvisolutions.com/ recently announcing the arrival of the new, collaborative product. Targeting property condition reports and regulation compliance, the company's latest technology launch is good news for those conducting collateral evaluations.[IMAGE]
The VeroINSIGHT platform is capable of consistently cataloging all aspects of a property's current condition and its general marketability, while also providing quality control via the adaptation of the Uniform Appraisal Dataset. UAD's rating system focuses on finite aspects of the condition and valuation of a property, and users of Veros' and JVI's new program will have gain greater access to UAD coding that tracks a piece of[COLUMN_BREAK]
real estate at a specified point in time.
Lenders, insurers, and other market stakeholders can utilize VeroINSIGHT to gather enhanced verification of property examinations, get external or internal inspection information, and better determination of a property's market value. All reports generated through the new platform will be completed by a field service inspector, effectively filling the gap when a full appraisal or broker price opinion is not necessary.
Commenting on the new program, Veros' director of valuation initiatives William E. King, said, ""The partnership between Veros and JVI creates an exclusive advantage through VeroINSIGHT for those who are concerned about their existing processes holding up in an audit against the Interagency Appraisal & Evaluation Guidelines. By benchmarking decisions on a ratings system established by government-sponsored enterprises, VeroINSIGHT clients have a deeper level of confidence knowing their vendors are speaking the same language as regulators and investors.""
Both Veros and JVI define the key benefits of VeroINSIGHT as greater ratings and definitions of condition and quality, better UAD compliance, no integration requirements, and the ability to pair the program with AVMs. Ron Nation, JVI's CEO, echoed King's positive statements, saying, ""Veros' widespread real estate experience coupled with JVI's established nationwide inspection product line will only strengthen the quality and accuracy of the service we provide together.""