Integrations enhance appraiser productivity and appraisal quality, accelerating collateral underwriting for mortgage lenders
(RED DEER, Alberta) -- NEWS: Anow, developer of appraisal firm management software that simplifies the way real estate appraisers manage their businesses, today announced appraiser productivity and appraisal quality integrations with Veros Real Estate Solutions (Veros(r)), a leading developer of enterprise risk management, collateral valuation and predictive analytics services.
Anow's new integration with Veros' PATHWAY(TM) platform allows Anow users to submit appraisals to Fannie Mae and Freddie Mac through the Uniform Collateral Data Portal (UCDP) and to the Federal Housing Administration (FHA) via the Electronic Appraisal Delivery (EAD) portal. Prior to integrating with PATHWAY, Anow delivered appraisals back to its lender clients, who then had to submit appraisals themselves to the GSEs and FHA. Now, Anow will handle this process for lenders, saving them time, effort and money and reducing the potential for risk.
As an additional quality control (QC) measure, PATHWAY incorporates Veros' VeroSCORE(TM) appraisal risk management solution to score appraisals and identify potential appraisal-related issues prior to submission.
Anow users can now order automated valuation model (AVM) services from Veros' proprietary VeroVALUE(TM) AVM or from other third-party AVMs and AVM cascades through VeroSELECT. VeroVALUE provides a value estimate, value range, confidence score, subject property information, local market data and historic price trends for the subject property's neighborhood. A 12-month valuation forecast and fraud detection indicators are available as add-on services.
Alternatively, Anow customers can use VeroPRECISION(TM), the industry's first property-level, next-generation valuation decision engine, to determine up front if a subject property is a good candidate for an AVM. If so, VeroPRECISION will automatically determine the most accurate and appropriate AVM for that specific property.
Anow is also directly integrating with Veros' VeroSELECT(SM) to offer access to both companies' services through a single technology platform. VeroSELECT is a vendor-agnostic enterprise management platform that provides access to a comprehensive suite of more than 25 innovative collateral risk solutions from 15-plus vendors, helping lenders best assess collateral values at origination and across existing portfolios.
"Appraisers, mortgage lenders, real estate pros and investors alike trust and turn to Veros for best-of-breed collateral valuation solutions," said Anow Founder and CEO Marty Haldane. "That's why these integrations fit perfectly with Anow's mission to deliver top-shelf appraisal solutions that accelerate the digital mortgage workflow and instill confidence in the secondary market regardless of the current cycle."
"Anow has a well-deserved reputation for providing superior appraisal office management solutions that help appraisers streamline processes, minimize costs and reduce risk. We're looking forward to leveraging our innovative products and technology solutions to support both Anow's business objectives and those of their valued customers," said Veros Vice President of Sales Robert Walker, CMB, CMT.
Anow is an appraisal management software developer that simplifies the way real estate appraisers manage their businesses. Launched in 2011 by multi-generational appraisal professional Marty Haldane, Anow streamlines a wide range of everyday appraisal processes while offering unmatched business insights to help appraisers compete in today's digital environment. Powerful order tracking, job assignment, collaboration, and scheduling tools allow appraisers and administrative staff to save time, assign appraisals more easily and deliver exceptional service to clients and mortgage lenders from any web-enabled device. Advanced reporting enables business owners to manage fee competition and turn times with ease. Anow is headquartered in Red Deer, Alberta. For more information, visit https://anow.com/ or call (800) 403-7121.
ABOUT VEROS REAL ESTATE SOLUTIONS:
A mortgage technology innovator since 2001, Veros is a proven leader in enterprise risk management and collateral valuation services. The firm combines the power of predictive technology, data analytics, and industry expertise to deliver advanced automated solutions that control risk and increase profits throughout the mortgage industry, from loan origination to servicing and securitization. Veros' services include automated valuation, fraud and risk detection, portfolio analysis, forecasting, and next-generation collateral risk management platforms. For more information, visit http://www.veros.com/ or call (866) 458-3767.
Twitter: @AppraisersNow #appraisaltech @verosres
Related link: https://anow.com/
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