Industry NewsNews Brief

Veros adds ‘Realtors Valuation Model’ to AVM lineup

NAR's RPR will split revenue with Lender Processing Services

Risk management and collateral valuation services provider Veros Real Estate Solutions has added an automated valuation model from Realtors Property Resource to its lineup of AVM products for lenders and investors.RPR, a subsidiary of the National Association of Realtors, generates analytics products based on public property records and historical listings data obtained through partnerships with multiple listing services. Santa Ana, Calif.-based Veros is now a reseller of one of those products, an automated property valuation called a Realtors Valuation Model (RVM). "Utilizing multiple AVMs according to performance is an efficient and effective approach to valuation," said David Rasmussen, Veros' senior vice president of operations, in a statement. "RVM is another high-performing model to add to our impressive list of available AVMs" RPR claims that the RVM is more accurate than other AVMs because it incorporates data on recently sold homes and homes for sale ...