Veros disaster data provides the insight servicers need to understand if and how the properties in their portfolio may have been impacted. The Veros disaster data solution is available through VeroSELECT, the all-in-one valuation SAAS, by accessing the Fitch-rated VeroVALUE AVM on a per property basis. On the portfolio level, Veros disaster data is available on a match and append basis. This data helps servicers minimize or even eliminate the need for costly property inspections by providing them with property level insight vs.the county-level designations FEMA provides when declaring a disaster area.
- Potential inspection cost savings of $75,120 for the servicer
- Using Veros’s disaster data, it was determined that of the over 1800 properties in the servicer’s portfolio in both Los Angeles and Ventura counties, 12 properties were in the impacted areas of the fire.
- Property inspections typically cost approximately $40 each.