News

Veros Named Top 50 Service Provider

Aug 31, 2010

Mortgage Technology magazine recognizes Veros in its annual nod
to the top tech providers in the industry

Santa Ana, CA - August 31, 2010 - Veros, an industry leader in collateral valuation technology, enterprise risk management and predictive analytics, is pleased to announce it was named among Mortgage Technology magazine's Top 50 Service Providers for 2010-11.  The publication rates potential service providers based on four criteria: customer satisfaction, functionality, market share and a viable revenue model.  Veros' reputation for highly accurate and innovative valuation tools for portfolio and REO management has led to their use by most of the country's leading financial services and lending firms, with services delivered mainly using Software as a Service (SaaS) technology.

In addition to its valuation tools, the Top 50 Service Provider naming recognizes Veros' enterprise risk management systems, including fully automated processes for the ordering, tracking, acceptance, quality control, scoring and delivery of appraisals, broker price opinions (BPOs) and automated valuation models (AVMs).  Veros is the technology provider for the appraisal management system through which all Fannie Mae and Freddie Mac sellers and servicers will be required to submit full electronic appraisals, and is responsible for the certified integration of each seller/servicer into the system.  The company is also the sole valuation data provider for Standard & Poor's Global Data Solutions - U.S. RMBS Edition offering investors access to loan-level information and collateral valuation data when assessing the risk of their US RMBS holdings and collateral.

Yet another reason for the award, according to David Rasmussen, Veros' senior vice president of sales and operations, includes the company's advanced risk assessment products, analytics and real estate data.  "As a company that has led in providing analytics, technology and data tools for almost a decade, we have learned the key to success is listening to customers and understanding their needs," Rasmussen says.  "Continually taking the pulse of the industry helps us to deliver real, usable technology solutions and services which transcend data and metrics alone."

Metrics and data, Rasmussen believes, are critical to the equation, but not terribly useful on their own.  "Using technology well requires that you employ the right tools to create a product that facilitates good decision making and sound execution," he notes.  "To that end, Veros has developed a culture that understands the industry well, listens very closely to what clients tell us, and follows through with technology to create the essential tools the industry truly needs to be successful," Rasmussen says.  "This is what we do, and we are honored to be recognized for these efforts as a Top 50 Services Provider."

To order the full VeroFORECAST update or for information on other Veros Real Estate Solutions products, systems and services, visit www.veros.com or call (714) 415-6300.

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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