Technology Impact and Evolution
Jun 27, 2005
National Mortgage News, By Garritano, Anthony
Santa Ana, CA - June 27, 2005 - Darius Bozorgi, President & CEO of Veros was quoted in an article written by Anthony Garritano entitled Technology Impact and Evolution published in the National Mortgage News, June 27, 2005 v29 i40 p6. Here is a short excerpt from the article. To view the article in its entirety, visithttp://www.nationalmortgagenews.com.
"Forecasting is going to be a hot topic," added Darius Bozorgi, president and chief executive officer at Veros. "Anyone following the news is reading a host of views about what will be going on with pricing. There are those that feel the bubble is about to pop, those that feel we're in for a fifth record year, and those that are in the middle. Attendees of the PMC will hear from lenders to see how they're using forecasting in their operation and there will also be a forecasting workshop.
"Another hot topic will be regulatory compliance issues," said Mr. Bozorgi. "There has been a lot of guidance and there will be increased scrutiny. The audience will be educated about what they can do to meet the guidelines. "Also, the issue of how collateral risk has evolved and where we are now will be discussed," he said. "We'll discuss analytics, models and implementations. Cascading is a choice that many lenders are doing that cascades through multiple AVMs, BPOs, etc."
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Veros Real Estate Solutions, a proven leader in enterprise risk management and collateral valuation services, uniquely combines the power of predictive technology, data analytics and industry expertise to deliver advanced automated decisioning solutions. Veros products and services are optimizing millions of profitable decisions throughout the mortgage industry, from loan origination through servicing and securitization. Veros provides solutions to control risk and increase profits including automated valuations, fraud and risk detection, portfolio analysis, forecasting, and next-generation collateral risk management platforms. Veros is headquartered in Santa Ana, California. To order the VeroFORECAST update or receive information on other Veros analytic products and systems, visit www.veros.com or call (866) 458-3767.