“AVM” is the acronym for Automated Valuation Model.  An AVM is a computerized system designed to simulate the traditional appraisal process and provide residential property valuations.  AVMs vary widely in accuracy, reliability and usefulness based upon numerous factors including data quality, real estate fundamentals and complexity of the underlying technology.

The term “automated valuation model” is actually descriptive of an AVM’s functionality.   Automated differentiates computerized AVMs from the manual process used by human appraisers.  Valuation describes the output and purpose of the system, relative to residential real estate.  Model refers to the algorithms, methodologies and technologies used by the AVM to analyze data and produce a valuation estimate.

Consider a few of the benefits of an AVM:
Immediate estimate of a home’s value
Immediate analysis of a market area
Immediate analysis of current and historic price trends
Confidence scoring enabling directed and efficient levels of service by the lender
Previously unavailable analytics

What makes VeroVALUE better than the competition?
Technology, reliability and innovation.

VeroVALUE is built with the latest in predictive technology; technology that evolved from years of research and development in the aerospace, technology and manufacturing industries that utilized advanced science to more accurately predict results. The same technology used in VeroVALUE has been used on mission-critical prediction problems such as orbital spacecraft reentry and aircraft engine design and manufacturing for organizations such as Boeing, the U.S. Military, Pratt & Whitney, GE and NASA. 

Reliability is a key component of VeroVALUE through the use of our Vero Confidence Score (VCS).  The VCS is highly correlated to our predictive accuracy and, as such, is extremely useful in decision making within a lending organization. 

Innovation is the driving force behind the technology.  Combining highly technical analytics with real estate fundamentals requires unique and creative thinking.  Our design team has developed numerous proprietary methodologies which result in more accurate and reliable service to our clients.

For more information on Veros and the exciting products made possible by our predictive technologies, visit our corporate website at: www.veros.com.

Contact our sales team now and see the benefits for yourself.