ST. LOUIS–(BUSINESS WIRE)–Data Verificationa leading provider of data verification, risk mitigation and workflow automation services, today announced an association with Veros Real Estate Solutions. As part of this relationship, an insightful tool for lenders called DisasterVision is now offered. DisasterVision provides lenders with contextual insight into potentially affected properties in the lender’s portfolio that are in a natural disaster zone.
“This association speaks to who we are as a company,” said DataVerify President Brad Bogel. “We are continually looking for ways to provide lenders with more protection and useful data without reducing efficiency. We believe working with Veros allows us to offer lenders another tool to help them strengthen their portfolios without sacrificing workflow automation. »
With natural disasters being so unpredictable, devastating and more frequent, lenders need reliable sources that can provide them with reliable data to help them better understand the impacts of disasters so they can emerge strong after the impact. However, many lenders are unaware of the level of risk they face in the event of a claim. Obtaining accurate data regarding the impact on the property and the underlying value of this after-impact warranty can be time-consuming and expensive.
Veros leverages satellite imagery, state/federal agency reports, and FEMA and NOAA data, among other sources, to provide lenders with up-to-date information, as data is continually updated throughout throughout the disaster. Veros also partners with trusted and experienced state/property inspection providers, provides nationwide coverage, and monitors a property after a disaster. DisasterVision results are provided at the property level, providing more granularity and accuracy to lenders than the less precise county-level data provided by FEMA.
“We are thrilled to work with DataVerify and its customers,” said Sarah Acosta, vice president of product and data operations. “DisasterVision is the key solution for post-disaster real estate risk intelligence that helps simplify and speed up the process for DataVerify customers, providing more convenience and consistency with fewer transfer delays. In situations with Hurricane Ian, for example, it’s important to know immediately which properties are potentially impacted to get help for those homeowners first.
Through DisasterVision, lenders have the ability to acquire property specific data, portfolio analysis and valuation. Veros can also work closely with lenders when a known natural disaster is about to occur, such as a hurricane that has yet to make landfall, and provide continuous, near real-time updates. DataVerify is proud to offer an innovative new way for lenders to stay informed and prepared during these uncertain times.
For more information on how to access this new product through DataVerify, contact your account manager or email [email protected]
DataVerify is the leading provider of risk mitigation, data validation and workflow automation solutions for the mortgage industry. DataVerify leverages advanced analytics and technology to create automated and configurable solutions workflow management solutions. Our highly responsive platform enables lenders to make accurate and consistent business decisions through an engine that identifies and measures hidden threats such as data integrity errors and misrepresentations, identity theft and risk related to goods and applications. Designed for ultimate flexibility, the DataVerify platform (which integrates 4506, SSA, and employment and income verification) allows lenders to manage risk based on their institution’s tolerance level.
An innovator in mortgage technology since 2001, Veros is a recognized leader in enterprise risk management and collateral valuation services. The company combines the power of predictive technology, data analytics and industry expertise to deliver advanced automated solutions that control risk and increase profits across the entire mortgage industry, from origination to service and securitization loans. In 2022, Veros acquired Valligent Technologies, a leader in assessment, alternative assessment, quality control and regulatory audit solutions. Veros’ services now include the full suite of valuation solutions, including virtual and automated valuations, fraud and risk detection, portfolio analysis, forecasting and collateral risk management platforms from new generation. Veros is the primary architect and technology provider for GSE’s 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 country’s veterans through its appraisal management work with the Department of Veterans Affairs. For more information, visit https://www.veros.com/ or call 866-458-3767.