Latest news with #Veros
Yahoo
09-07-2025
- Business
- Yahoo
VeroFORECAST Points to Slowing Market, Resilient Pockets of Growth
SANTA ANA, Calif., July 09, 2025--(BUSINESS WIRE)--Today, Veros Real Estate Solutions (Veros®), an industry leader in enterprise risk management and collateral valuation services, released its Q2 2025 VeroFORECASTSM. The forecast projects an average nationwide home price appreciation rate of 2.2% over the next 12 months. VeroFORECAST evaluates home prices in over three hundred of the nation's largest housing markets, and Veros is committed to the data science of predicting home value based on rigorous analysis of the fundamentals and interrelationships of numerous economic, housing, and geographic variables pertaining to home value. The U.S. housing market continues to face headwinds in mid-2025 as elevated mortgage rates, stubbornly high home prices, and rising economic uncertainty create a difficult environment for buyers and sellers alike. The housing market appears to have hit a pause button as affordability is forcing home buyers to step aside. Mortgage rates continue to hover above 6.6%, and while that's lower than the peaks seen in late 2023, it remains well above the historically low rates that buyers had grown accustomed to in the past decade. Combined with still-high home prices in many markets, monthly payments for new buyers are pushing well beyond comfortable limits. The average monthly mortgage payment is up 35% compared to 2021 levels for the same home price, purely due to the jump in interest rates. This has significantly narrowed the pool of qualified buyers, especially first-time homeowners and those without substantial savings or equity from an existing property. One of the few bright spots in the market is a gradual increase in housing inventory. After years of historically low supply, new listings are starting to appear in greater numbers. In some markets—particularly in parts of Florida, Texas, and the Southwest—inventory has risen meaningfully due to a combination of new construction completions and slower sales activity. However, the rise in supply has not translated into price relief for buyers. Many sellers remain reluctant to lower asking prices, especially those who locked in mortgage rates below 4% during the pandemic and feel no urgency to move. This disconnect between what buyers can afford and what sellers expect continues to stall transactions, leaving the market in a frozen state. Adding to these challenges is a broader sense of economic uncertainty driven by geopolitical tensions, market volatility, and unpredictability in policies. Further, while inflation has cooled from its 2022 highs, it remains above the Federal Reserve's long-term target. Job growth has slowed, and the labor market is showing signs of weakening. As a result, many potential buyers are holding off on major financial decisions like home purchases, unsure of where the economy or their own finances are headed. As we head into the second half of 2025, the housing market shows no signs of a quick rebound. Until mortgage rates decline meaningfully or incomes catch up with housing costs, affordability will remain a central issue. Buyers and sellers alike are proceeding cautiously, waiting for the next signal from the broader economy. Despite the broader national trends, real estate remains highly regional. While some markets in the Northeast and Midwest remain competitive due to tighter inventory and relatively affordable pricing, others—particularly previously fast-growing Sunbelt metros—are seeing softer conditions with homes lingering longer on the market and price cuts becoming more common. The top ten housing markets projected for the coming year include Rockford, Springfield, and Bloomington in Illinois; Reading and York in Pennsylvania; Rochester and Buffalo in New York; Hartford, Connecticut; and Topeka, Kansas. These smaller metros have emerged as top performing markets due to a combination of relative affordability and growing buyer interest from those priced out of larger, more expensive urban centers. Rank Top 10 Metropolitan Statistical Area Forecast 1 ROCKFORD, IL 5.8% 2 READING, PA 5.5% 3 YORK-HANOVER, PA 5.3% 4 ROCHESTER, NY 5.2% 5 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT 5.0% 6 SPRINGFIELD, IL 5.0% 7 ERIE, PA 4.9% 8 TOPEKA, KS 4.9% 9 BLOOMINGTON, IL 4.7% 10 BUFFALO-CHEEKTOWAGA, NY 4.7% The ten weakest housing markets are in Florida and Texas, where rising inventory levels, softening demand, and affordability pressures are weighing heavily on market activity. In some of these metros, a surge in new construction has outpaced buyer demand, leading to longer time on market and increasing price cuts. Additionally, elevated insurance costs, especially in coastal areas, and persistently high mortgage rates have further strained affordability, discouraging both local and out-of-state buyers. Rank The 10 Weakest Metropolitan Statistical Area Forecast 1 CAPE CORAL-FORT MYERS, FL -2.8% 2 NAPLES-MARCO ISLAND, FL -2.8% 3 LAKE CHARLES, LA -2.6% 4 PUNTA GORDA, FL -2.4% 5 MCALLEN-EDINBURG-MISSION, TX -2.0% 6 BROWNSVILLE-HARLINGEN, TX -1.8% 7 WACO, TX -1.5% 8 LONGVIEW, TX -1.3% 9 SHERMAN-DENISON, TX -1.3% 10 NORTH PORT-BRADENTON-SARASOTA, FL -1.2% VeroFORECAST Methodology The quarterly VeroFORECAST reports to clients by subscription and to industry media in a summary overview. The current report is based on 326 Metropolitan Statistical Areas (MSAs) data, including 17,448 ZIP codes, 980 counties, and 82% of U.S. population covered. The report is a projected increase twelve months forward. Download the Q2 2025 – Q2 2026 VeroFORECAST results as a PDF infographic Download the 10 Strongest-Performing Markets graphic only Source: Veros Real Estate Solutions (Veros®) This information is intended for use by the media for economic reporting and should only be used for physical or digital publication or broadcast, in whole or in part, and must be sourced from Veros Real Estate Solutions. The company name must be visible on the screen or website if the data are illustrated with maps, charts, graphs, or other visual elements. For questions, analysis, interpretation of the data, or permission to reproduce, contact communications@ About Reena Agrawal, Research Economist Reena Agrawal has a Ph.D. in Economics from Vanderbilt University. She has fifteen years of experience in macroeconomic forecasting, sectoral research, feasibility studies of complex projects, and preparing reports for multi-national clients. About Veros Real Estate Solutions (Veros®) A mortgage technology innovator since 2001, Veros is a proven leader in enterprise risk management and collateral valuation services. The firm combines 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. Veros is the primary architect and technology provider of the GSEs' Uniform Collateral Data Portal® (UCDP®). Veros also works closely with the FHA to support its Electronic Appraisal Delivery (EAD) portal. The company is also making the home-buying process more efficient for our nation's Veterans through its appraisal management work with the Department of Veterans Affairs. For more information, visit or call 866-458-3767. View source version on Contacts Media Contact Heather Zeller, Vice President of MarketingCommunications@ (714) 415-6300 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Associated Press
01-07-2025
- Business
- Associated Press
Veros Expands VeroSELECT Platform with Valligent's Virtual Inspection and New Evaluation Offerings
SANTA ANA, Calif.--(BUSINESS WIRE)--Jul 1, 2025-- Veros Real Estate Solutions (Veros ® ), a leading provider of real estate property valuation and risk management solutions, today announced a significant expansion of its VeroSELECT™ platform through the integration of Valligent's virtual inspection, disaster inspection, and new evaluation services. This move strengthens VeroSELECT as the premier unified platform for property valuation and risk management—offering a full ecosystem of data, analytics, and service types to drive efficiency and support confident housing finance decisions. The housing finance industry continues to demand faster workflows and stronger risk mitigation. This integration gives VeroSELECT users centralized control over their valuation processes—from AVMs and evaluations to property inspections and appraisals, including Valligent's advanced virtual tools. With one intuitive platform, users gain a holistic view of collateral risk and industry-leading operational efficiency. 'Our commitment at Veros is to continually advance what's possible in housing finance,' said Sarah Petteway-Dib, Senior Vice President, Product & Data Operations at Veros. 'Integrating Valligent's virtual inspection and valuation capabilities transforms how clients access and manage their workflows—providing more flexibility, sharper insights, and greater confidence in lending decisions.' This expansion builds on recent momentum, including the addition of Disaster Vision to the VeroSELECT API. Now, clients can quickly identify properties likely impacted by natural disasters and initiate virtual inspections with homeowners to assess potential damage, all within the same platform. The newly added Valligent offerings now available on VeroSELECT include: These services enhance VeroSELECT's broad capabilities, joining an extensive portfolio that includes the VeroVALUE ® AVM suite, Broker Price Opinions (BPOs), inspection-based solutions like VeroVALUE or other Automated Valuation Models + Inspections and VeroPHOTO™, as well as appraisal services such as ValPRAZE™. Advanced analytics, vendor management, and tools like Disaster Vision provide clients with deeper insights and scalability across the full lending lifecycle. 'This integration represents a unified vision for the future of property valuation,' said George Paquette, Chief Operating Officer at Valligent. 'By combining Veros' foundation in data and analytics with Valligent's agility in virtual solutions, we're delivering a powerful, cohesive pipeline that supports smarter decisions from origination through servicing.' VeroSELECT™ continues to exemplify Veros' commitment to empowering its clients with a robust, flexible, and transparent platform. Its key features—including superior vendor management, real time order updates, advanced platform logic, direct customer support, full scalability, complete transparency with Software Security Assurance (SSA) and audit capabilities, consistent performance, and granular user permission control—are precisely designed to give businesses superior control and insight into their entire valuation process. VeroSELECT™ is the ultimate single platform solution for comprehensive property valuation and risk management. About Veros Real Estate Solutions Founded in 2001, Veros Real Estate Solutions (Veros ® ) is a trusted leader in empowering mission-critical housing finance decisions and risk management through next-gen technology, data, and analytics. Veros is the primary architect and technology provider for the government-sponsored enterprises' Uniform Collateral Data Portal ® (UCDP ® ) and works closely with the Federal Housing Administration (FHA) to support its Electronic Appraisal Delivery (EAD) portal. Veros also streamlines the real estate lending process for U.S. Veterans through its valuation management services with the U.S. Department of Veterans Affairs (VA). Trusted and used by several large government entities. About Valligent Founded in 2003, Valligent is a national real estate valuation company that utilizes innovative technology to deliver tailored solutions to support the evolving housing finance industry. Valligent combines seasoned real estate professionals, technology, and automation to deliver timely, fair, and accurate property valuations. Serving banks, credit unions, mortgage lenders, and insurance companies nationwide, Valligent integrates with leading data providers, Loan Origination Systems, on-demand cloud computing platforms, and other direct integrations. View source version on CONTACT: Media Contact Heather Zeller Vice President of Marketing [email protected] 866-458-3767 KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY DATA ANALYTICS FINANCE CONSULTING PROFESSIONAL SERVICES REIT RESIDENTIAL BUILDING & REAL ESTATE SOURCE: Veros Real Estate Solutions Copyright Business Wire 2025. PUB: 07/01/2025 05:30 AM/DISC: 07/01/2025 05:31 AM
Business Wire
01-07-2025
- Business
- Business Wire
Veros Expands VeroSELECT Platform with Valligent's Virtual Inspection and New Evaluation Offerings
SANTA ANA, Calif.--(BUSINESS WIRE)--Veros Real Estate Solutions (Veros ®), a leading provider of real estate property valuation and risk management solutions, today announced a significant expansion of its VeroSELECT™ platform through the integration of Valligent's virtual inspection, disaster inspection, and new evaluation services. This move strengthens VeroSELECT as the premier unified platform for property valuation and risk management—offering a full ecosystem of data, analytics, and service types to drive efficiency and support confident housing finance decisions. "Veros is fundamentally transforming how clients manage valuation workflows,' says Sarah Petteway-Dib on the #VeroSELECT expansion. With Valligent's virtual tools, it's about smarter decisions through flexibility, insight & speed' The housing finance industry continues to demand faster workflows and stronger risk mitigation. This integration gives VeroSELECT users centralized control over their valuation processes—from AVMs and evaluations to property inspections and appraisals, including Valligent's advanced virtual tools. With one intuitive platform, users gain a holistic view of collateral risk and industry-leading operational efficiency. 'Our commitment at Veros is to continually advance what's possible in housing finance,' said Sarah Petteway-Dib, Senior Vice President, Product & Data Operations at Veros. 'Integrating Valligent's virtual inspection and valuation capabilities transforms how clients access and manage their workflows—providing more flexibility, sharper insights, and greater confidence in lending decisions.' This expansion builds on recent momentum, including the addition of Disaster Vision to the VeroSELECT API. Now, clients can quickly identify properties likely impacted by natural disasters and initiate virtual inspections with homeowners to assess potential damage, all within the same platform. The newly added Valligent offerings now available on VeroSELECT include: ValINSPECT Virtual (Interior/Exterior or Exterior Only): A streamlined virtual property inspection solution, leveraging Valligent's internal virtual inspection agents for mobile device driven photo and live video streaming, which delivers rapid, reliable property insights. ValINSPECT Disaster (In Person or Virtual Exterior Inspection): Key rapid response inspection capabilities for properties in areas affected by natural disasters, conducted virtually or in person to provide timely collateral condition updates when they matter most. eVAL Virtual (Interior/Exterior or Exterior Only): An evaluation form compliant with interagency guidelines, paired with a virtual property inspection, where Valligent's internal evaluation staff provides value insights complemented by comprehensive virtual inspection data—a powerful combination for efficiency and compliance. Appraiser Field Review (Exterior): A Form 2000 residential field review, providing essential quality control and analysis of appraisal report accuracy—an important layer of oversight for appraisal integrity. These services enhance VeroSELECT's broad capabilities, joining an extensive portfolio that includes the VeroVALUE ® AVM suite, Broker Price Opinions (BPOs), inspection-based solutions like VeroVALUE or other Automated Valuation Models + Inspections and VeroPHOTO™, as well as appraisal services such as ValPRAZE™. Advanced analytics, vendor management, and tools like Disaster Vision provide clients with deeper insights and scalability across the full lending lifecycle. 'This integration represents a unified vision for the future of property valuation,' said George Paquette, Chief Operating Officer at Valligent. 'By combining Veros' foundation in data and analytics with Valligent's agility in virtual solutions, we're delivering a powerful, cohesive pipeline that supports smarter decisions from origination through servicing.' VeroSELECT™ continues to exemplify Veros' commitment to empowering its clients with a robust, flexible, and transparent platform. Its key features—including superior vendor management, real time order updates, advanced platform logic, direct customer support, full scalability, complete transparency with Software Security Assurance (SSA) and audit capabilities, consistent performance, and granular user permission control—are precisely designed to give businesses superior control and insight into their entire valuation process. VeroSELECT™ is the ultimate single platform solution for comprehensive property valuation and risk management. About Veros Real Estate Solutions Founded in 2001, Veros Real Estate Solutions (Veros ®) is a trusted leader in empowering mission-critical housing finance decisions and risk management through next-gen technology, data, and analytics. Veros is the primary architect and technology provider for the government-sponsored enterprises' Uniform Collateral Data Portal ® (UCDP ®) and works closely with the Federal Housing Administration (FHA) to support its Electronic Appraisal Delivery (EAD) portal. Veros also streamlines the real estate lending process for U.S. Veterans through its valuation management services with the U.S. Department of Veterans Affairs (VA). Trusted and used by several large government entities. About Valligent Founded in 2003, Valligent is a national real estate valuation company that utilizes innovative technology to deliver tailored solutions to support the evolving housing finance industry. Valligent combines seasoned real estate professionals, technology, and automation to deliver timely, fair, and accurate property valuations. Serving banks, credit unions, mortgage lenders, and insurance companies nationwide, Valligent integrates with leading data providers, Loan Origination Systems, on-demand cloud computing platforms, and other direct integrations.
Business Wire
05-06-2025
- Business
- Business Wire
Veros Publishes New Research Paper on Optimizing AVM Testing Methodologies
SANTA ANA, Calif.--(BUSINESS WIRE)-- Veros Real Estate Solutions (Veros®), a leading provider of collateral property valuation and risk management solutions, has released a groundbreaking new research paper which examines prevailing methodologies for testing the accuracy and performance of Automated Valuation Models (AVMs), a vital tool in the housing finance market. The paper, titled " Optimizing AVM Testing Methodologies," was thoroughly researched by Veros' Senior Research Economist, Reena Agrawal. It highlights key challenges and proposes an improved approach that aligns with real-world mortgage lending practices. "Some current AVM testing practices have inherent biases that can skew performance evaluations and misrepresent real-world accuracy." — David Rasmussen, EVP Operations at Veros Share As AVMs continue to play a critical role in property valuations for housing finance and risk assessment, the accuracy of AVM testing methodologies is increasingly under scrutiny. Veros' research paper provides an in-depth analysis of three testing approaches— purchase transactions testing, refinance/HELOC appraisal testing, and pre-MLS listing testing —assessing their strengths, limitations, and influences on reported AVM performance metrics such as P10 and hit rate. Key findings from the research paper include: Data Access & Timing Matter – A representative and accurate evaluation hinges on when the test is conducted and how much information the AVM can access. AVM Use Cases Matter – This paper emphasizes the critical importance of considering AVM use cases when evaluating AVM performance. A New Approach – This research aims to address some common and previously unchallenged opinions on AVM testing as it aims to significantly enhance the transparency and applicability of AVM testing results. "Some current AVM testing practices have inherent biases that can skew performance evaluations and misrepresent real-world accuracy," said David Rasmussen, EVP Operations at Veros. "The research by our Senior Research Economist underscores the need for a standardized, data-driven approach that aligns with how AVMs are actually used in lending decisions. By introducing a methodology that evaluates true AVM performance, we can ensure a more level playing field and improve the market's understanding and confidence in automated valuations." The research paper underscores the importance of continuous validation and the need for testing methodologies to evolve alongside advancements in technology and data availability within the property valuation spectrum. By challenging existing assumptions and proposing a more representative testing framework, this research contributes to a deeper understanding of AVM capabilities and their role in the housing finance market. Veros invites industry stakeholders, lenders, regulators, and AVM providers to review the research paper and join the discussion on refining AVM testing standards. The full research paper is available for download at: AVM Method Testing on VeroVALUE A mortgage technology innovator since 2001, Veros is a proven leader in enterprise risk management and collateral valuation services. The firm combines 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. Veros is the primary architect and technology provider of the GSEs' Uniform Collateral Data Portal® (UCDP®). Veros also works closely with the FHA to support its Electronic Appraisal Delivery (EAD) portal. The company is also making the home-buying process more efficient for our nation's Veterans through its appraisal management work with the Department of Veterans Affairs. For more information, visit
Business Wire
15-05-2025
- Automotive
- Business Wire
KBRA Assigns Preliminary Ratings to Veros Auto Receivables Trust 2025-1
NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to four classes of notes issued by Veros Auto Receivables Trust 2025-1 ('VEROS 2025-1'), an auto loan ABS transaction. This transaction represents Veros Credit LLC ('Veros' or the 'Company') first term ABS securitization of 2025 and eighth overall. VEROS 2025-1 will issue four classes of notes totaling $238.49 million. The Notes are collateralized by a pool of auto loan contracts originated on an indirect basis mainly through independent auto dealers. Veros is a privately-owned indirect auto finance company based in California. The Company was founded in 1998 as Credit One Corporation and rebranded as Veros Credit LLC in 2010. Based on financials provided by the Company, Veros has been profitable since inception. As of March 31, 2025, Veros operates in 27 states and has a loan portfolio with an aggregate outstanding balance of $620.2 million. KBRA applied its Auto Loan ABS Global Rating Methodology, as well as its Global Structured Finance Counterparty Methodology and ESG Global Rating Methodology as part of its analysis of the static pool data and the underlying collateral pool and stressed the capital structure based upon its stress case cash flow assumptions. KBRA considered its operational review of Veros as well as several business updates with the Company since that time. Operative agreements and legal opinions will be reviewed prior to closing. To access ratings and relevant documents, click here. Click here to view the report. Methodologies Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at About KBRA Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Doc ID: 1009463
