Veros Launches VeroVALUE Elite, Bringing Property Condition Intelligence into Automated Valuation

The AI-powered model turns property condition from an assumption into a measurable input, delivering a 3%+ improvement in nationwide P10 accuracy.

SANTA ANA, Calif.--(BUSINESS WIRE)-- Veros Real Estate Solutions (Veros®), a leader in enterprise risk management and collateral valuation technology, today announced the launch of VeroVALUE Elite, a next-generation automated valuation model (AVM) that integrates computer vision and market-based evidence directly into the valuation process. The new model combines this proprietary technology with enhanced valuation models, condition adjustment intelligence, and daily data refreshes to deliver more accurate and transparent property valuations.

Traditional AVMs rely heavily on property characteristics, comparable sales, and other structured data. Property condition, however, has historically been difficult to measure consistently at scale. VeroVALUE Elite addresses that challenge by transforming available property imagery and market evidence into actionable metrics, ensuring that a home's actual condition is reflected in its final estimate.

"Property condition is a significant element in understanding the difference between what a home is worth and what traditional models historically have had to assume was always fair and marketable condition," said Darius Bozorgi, President and Chief Executive Officer of Veros. "VeroVALUE Elite represents a significant step forward for automated valuation because it moves condition from an assumption to a measurable input. By combining our expertise in housing finance, advanced modeling, and now proprietary computer vision technology, we can now account for property specific conditions at scale in a way that was not previously possible."

At the core of VeroVALUE Elite is Veros' proprietary VeroVISION technology, which analyzes available imagery and combines those insights with sales and market-based evidence. The resulting intelligence contributes to the Veros Home Score, a proprietary condition measure that can be used to better understand how property condition influences value. When available, the model can also generate a condition adjustment that estimates the premium or discount associated with a property's condition relative to its local market.

Testing against the already industry-leading VeroVALUE AVM demonstrated:

• More than a 3% improvement in nationwide P10 accuracy for VeroVALUE Elite
• Over 5% improvement in P10 accuracy for properties in poor condition
• In rural and other thin or more heterogenous markets, VeroVALUE Elite confidently values more homes, and values them more accurately.

The technology also operates at significant scale, with condition adjustments available across approximately 100 million properties and condition score coverage for 90% of properties sold.

"The important part of this work is not simply identifying whether a property looks better or worse than another property, but quantifying how that difference can influence value," said Eric Fox, Chief Economist and Executive Vice President of Analytics at Veros. "Our testing demonstrates that incorporating VeroVISION condition intelligence into the valuation model can produce measurable improvements in accuracy, particularly for properties where condition is a significant differentiator."

VeroVALUE Elite refreshes valuations every 24 hours as new data and condition intelligence become available, providing a more current view of value than traditional weekly valuation updates.

VeroVALUE Elite is configurable to meet specific client needs. The report is available as a standalone, core condition-adjusted AVM report or can be enhanced to include a module that adds condition ratings for the subject and comparables, as well as condition adjustments, supporting photos, and area condition detail.

The solution is available through Offline Match & Append, VeroSELECT UI/API, Snowflake® Data Marketplace via private data sharing, and through Valligent via the Acuity platform and its associated integrations. For users on the VeroVALUE API, the new VeroVALUE Elite model can also be provided via the existing schema and report.

About Veros Real Estate Solutions

Since 2001, Veros has been a trusted innovator in mortgage technology, specializing in enterprise risk management and collateral valuation. By combining predictive analytics, advanced data science, and deep industry expertise, Veros delivers automated solutions that help reduce risk and improve profitability across the mortgage lifecycle, from origination through servicing and securitization. Veros’ services include automated valuation, fraud and risk detection, portfolio analysis, forecasting, and next-generation collateral risk platforms. The company is the primary architect and technology provider of the GSEs’ Uniform Collateral Data Portal® (UCDP®) and supports the FHA’s Electronic Appraisal Delivery (EAD) portal. Veros also partners with the Department of Veterans Affairs to streamline the appraisal process for Veterans.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260930344564/en/

Media Contact
Heather Zeller
SVP of Marketing, Veros
[email protected]

Source: Veros Real Estate Solutions

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