LenderClose, a leading provider of state-of-the-art, CFPB compliant solutions for credit unions and community banks, announced today that it has partnered with Veros Real Estate Solutions (Veros®), a leading developer of enterprise risk management, collateral valuation, and predictive analytics services, to provide Automated Valuation Model (AVM) and eValuation services through VeroSELECTSM, Veros’ proprietary, centralized valuation fulfillment platform.
By integrating with Veros’ VeroSELECT platform LenderClose will be able to support the automated request and delivery of the industry’s largest selection of AVMs to its clients, including Veros’ flagship AVM offering VeroVALUE, which is consistently ranked as one of the industry’s top two performing AVMs.
Launched in 2016, LenderClose provides local lenders with comprehensive loan origination services and technology solutions on a pay-as-you-go basis that enable them to streamline the lending and underwriting processes, as well as reduce costs for their borrowers. With the addition of Veros’ comprehensive valuation services, LenderClose will now be able to offer customers access to the largest selection of AVMs available in the market today.
“This partnership will enhance the LenderClose user experience by providing a powerful selection of AVMs to our users,” said LenderClose Founder/CEO Omar Jordan. “We believe Veros is one of the dominating valuation providers, which is why we are excited about this partnership.”
“LenderClose has a stellar reputation for providing credit unions and community banks with the products, services and technology solutions they need to compete with their national lender counterparts and we are excited to partner with them to offer our AVM and evaluation services to this important market segment,” Veros SVP of Strategic Initiatives Chuck Rumfola said.
Veros’ vendor-agnostic, single-enterprise management platform, VeroSELECTSM provides access to a comprehensive suite of innovative collateral risk solutions from more than 10 vendors designed to help lenders best assess collateral values at origination and across existing portfolios. In addition to the VeroVALUE suite of valuation products and eValuation services, VeroSELECT also offers AVM Cascade Management, VeroPRECISION, which leverages sophisticated data analysis to determine whether or not a specific property is a viable candidate for AVM use; VeroBPO Broker Price Opinions, VeroPHOTO PlusSM Property Condition Reports, and the company’s proprietary, best-in-class valuation forecasting tool, VeroFORECAST™.
For more information on VeroSELECT, visit http://www.veros.com/what-we-offer/systems/veroselect/.
