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Veros Appoints Industry Veteran as New Vice President of Business Development

Sep 05, 2006

No predictive tool goes deeper to find risk and fraud before funding

Santa Ana, CA - September 5, 2006 - Veros Real Estate Solutions, a proven leader in enterprise risk management and collateral valuation services, today announced the company has hired industry veteran Sue Potteiger as its new vice president of business development. In this role Potteiger will lead the company's business development efforts, contribute to product development, and identify new areas of opportunity for current Veros products in collateral risk management.

Potteiger brings almost 25 years of experience to Veros, with the majority of that tenure in senior executive positions. Prior to joining Veros, she was president and CEO of American Reporting Company, LLC, (ARC) where she helped grow the business from a successful credit reporting company to a dynamic regional service provider of settlement services to the mortgage lending community. Before ARC, Potteiger was senior vice president and chief appraiser for Washington Mutual Bank, where she designed and implemented an Internet-based collateral valuation management system, developed and implemented AVM testing procedures, vigorously pursued and implemented AVM cascade strategies, and maintained collateral risk and appraisal policies and procedures for the bank. During this time Potteiger managed a staff in excess of 700 appraisers and technical employees that produced appraisal reports in 50 states. Prior to Washington Mutual, Potteiger was the owner of The Appraisal Group of Kirkland, where she developed an employee-based operating model that treated appraisers as employees - not independent contractors.

Commenting on the addition of Potteiger to the Veros senior executive team, company CEO Darius Bozorgi said, "As a leader in predictive technologies, Veros retains only the most talented, forward-thinking and highly skilled professionals in the mortgage industry. Sue is clearly a strong addition to this team, and we are certain her vision and experience will help the company continue its phenomenal growth."

In addition to numerous speaking engagements, Potteiger has also served on various boards and national committees including CMDC, Fannie Mae, AIRD, The Appraisal Institute, The Appraisal Foundation and the Arthritis Foundation. Explaining her decision to take the position at Veros, she said, "In my 25 years of experience in the mortgage industry, I've never seen a company with the drive and vision for the future that Veros has - which is why I'm thrilled to be a part of their team."

About Veros Real Estate Solutions:

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.


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