Veros
Announces New Industry-Leading
AVM Features
Leading Property Valuation Software,
VeroVALUE, Features Real-time Account Management, Correlated Confidence
Scoring and
12 Month Future Value Forecasting
IRVINE,
CA. - Nov. 21, 2002 - Veros Software, a recognized leader in predictive
technology and advanced analytics, released VeroVALUE 1.6 (www.verovalue.com),
the newest version of Veros' highly successful automated property valuation
solution.
VeroVALUE, already
an industry leader in accuracy, raises the bar in total productivity by
providing mortgage lenders with powerful new tools, including:
- Home Value Forecasting
- Provides future home value estimates by analyzing key economic indicators
and residential real estate trends.
- Correlated Confidence
Score - Based upon the accuracy of our valuation estimate and scaled
numerically from 1 to 100 for ease of integration into automated underwriting
systems.
- Online Account
Management - Includes real-time account and performance metrics,
advanced user management, access control using up to four security levels,
and customizable report options.
- Property Fitness
Scoring - Combines analysis of the subject property, neighborhood,
market conditions and both micro and macro economic conditions, provided
in a single, and easy to use numeric score.
- Wireless Access
- Valuation estimates are available on any internet ready cell phone,
Palm or Pocket PC through a wireless internet connection.
- Online Portfolio
Submissions - Using an industry standard Microsoft Excel interface
to provide real-time "batch" runs over the internet from a
client's local computer.
- Highly Accurate
Valuations - Using the latest predictive technology.
"Our new features
were designed to enhance productivity and integration of VeroVALUE into
existing systems", stated Darius Bozorgi, CEO of Veros Software.
"Combining a rich feature set with superior accuracy creates a powerful
platform and excellent value for our customers".
About Veros Software
Veros Software (www.veros.com), located in Irvine, California, is a leading
predictive technology company building decision-support software applications
that allow clients to formulate accurate and informed business decisions
that directly impact their bottom line.
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