Veros Software Announces Seventh Annual Predictive Methods Conference

Jun 01, 2007

Thought Leaders Convene for In-Depth Exploration of Risk Management Trends

Santa Ana, CA - June 1, 2007 - Veros Software has announced that it will host the seventh annual Predictive Methods Conference (PMC 2007) June 11-13 at the St. Regis Resort and Spa in Monarch Beach, Calif. Current participants include Wachovia, HSBC, Bank of America, JPMorgan Chase, Morgan Stanley, Lehman Brothers, Freddie Mac, Bear Stearns, Goldman Sachs, GMAC-RFC, Wells Fargo, Washington Mutual, C-Bass, Merrill Lynch, Dominion Bond, S&Ps, Moody's and many others. PMC offers cutting-edge educational sessions on the latest analytics and tools used in assisting mortgage lenders with enterprise risk management. PMC 2007 is expected to cap out at a record-breaking 500 attendees.

This year's keynote speaker is James B. Lockhart, III, Director of the Office of Federal Housing Enterprise Oversight (OFHEO). He was nominated by President George W. Bush to become the Director of OFHEO, and was confirmed by the U.S. Senate on June 15, 2006. Mr. Lockhart also served as Deputy Commissioner of Social Security, a Presidentially-appointed and Senate-confirmed position. He was the Agency's Chief Operating Officer, Secretary to the Social Security Board of Trustees and a member of the President's Management Council and its Executive Committee. Lockhart also served in the previous Bush Administration as Executive Director of the Pension Benefit Guaranty Corporation from 1989 until 1993. He reported to a Board composed of the Secretaries of Labor, Treasury and Commerce.

"This is the conference for a truly open-source and interactive exchange of knowledge that has a significant influence on the mortgage industry's view and approach to collateral risk," said Darius Bozorgi, president of Veros. "PMC certainly is one of the premier networking events in the mortgage industry at a first-class venue and location, but this is secondary to the wealth of content and forward-thinking dialogue which are the true hallmarks of PMC."

This year, Billy Beane, the most revolutionary GM in baseball, will be the speaker for the Sports Luncheon. The Oakland A's-a small-market team with limited resources-have made the playoffs in three of the last five years, often beating teams who have twice their budget. As told in the bestseller Moneyball and in his presentation, Beane's continuing success comes from leveraging the power of mathematics, using sophisticated statistical analysis in place of traditional "gut instinct". The results have been revolutionary for his industry. Some say that he's a genius who has mastered the future of the game. He says that doing more with less just means playing by the numbers.

The success of PMC is the result of continued dedication and focus on the content of the programming. The conference is not a users group or a product marketing pitch. Instead, companies discuss critical issues, market outlooks, and technology solutions all before an audience in the intent of educating the industry. Participants leave year after year with a better understanding of the advanced analytic tools being implemented and developed for the industry. According to Bozorgi, PMC opens the black box giving companies the knowledge to fully utilize, test and implement predictive analytics for smarter decisioning

PMC's founders believed the industry needed a place where competitors and business associates alike could conduct open dialog on relevant topics, discuss solutions and network with industry experts on topics relative to their business' success. Encouraging participation from all industry participants in risk management, PMC is unique in that competitors come together to hear industry experts reveal solutions to critical issues and educate on what is possible. all pushing the industry to the next level.

Founded by Veros, the first Predictive Methods Conference (PMC) was held in Newport Beach, Calf. in June 2001. The success of the first PMC set the precedent for annual summer conferences held in Southern California. Now in its 7th year, the PMC has become the voice of the mortgage industry for the advancement of predictive technology and intelligent decisioning tools. PMC has grown in attendance to over 400 attendees including lenders, rating agencies, regulators and technology vendors. Created out of a need to understand the new advanced technologies being used to push the mortgage industry forward, PMC educates the mortgage industry on the latest risk management strategies and best practices for automated valuation tools.

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 or call (866) 458-3767.

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