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Veros Revolutionizes Collateral Valuation Management with Sapphire

Oct 10, 2011

Veros Real Estate Solutions launches highly intuitive, enterprise-level system to effectively manage valuation strategies from beginning to end via a web-based platform.

Santa Ana, Calif. – October 10, 2011 – Veros Real Estate Solutions (Veros), an industry leader in collateral valuation technology, enterprise risk management, and predictive analytics, announced today the launch of Sapphire, a premiere web-based ordering and review platform that will initiate the next generation of collateral valuation management.

“Veros created Sapphire with powerful functionality to help lenders streamline business operations and stay current on industry regulations,” said Darius Bozorgi, president and chief executive officer for Veros. “The housing market has experienced a significant correction with a push towards greater transparency and accountability. Mortgage professionals need a flexible and secure platform that provides robust risk management and includes an intuitive user interface, complete management of valuation processes and a strong customer support team. Sapphire is the answer to help manage the new landscape of property valuation.”

Available in a series of packaged editions, each supported by a range of add-on options, Sapphire provides structured flexibility to manage valuation strategies from the beginning to the end of the loan lifecycle and enables clients to select a feature set tailored to their specific business model. The platform includes comprehensive order, quality control, review, reporting, analysis and self-administration functions, as well as modules for UCDP submission, preview and delivery, appraiser panel management, vendor management, channel optimization, and many more.

Designed from the ground up with ease of use in mind, Sapphire offers modular functionality that clients can introduce as necessary to reflect evolving business demands and changing regulatory requirements. Recognizing that lenders are continually managing their business operations to accommodate new government regulations and requirements, Veros created Sapphire to help these organizations stay organized, transparent and compliant.

“Sapphire was created with three goals in mind,” said Adrian Newby, chief technology officer for Veros. “First, we wanted the most intuitive user-experience available in the industry. For a system to make a meaningful contribution to organizational productivity, the learning curve needs to be shallow. Second, we wanted to provide flexibility by designing modules that allow clients to select capabilities specific to their needs without incurring costs for functionality they neither need nor want. Third, we wanted to bring some ground-breaking new capabilities to the marketplace. For example, powerful vendor management and pipeline optimization features and comprehensive, self-service reporting and analysis capabilities are included.”

In addition to the advanced feature set, Veros takes data security and business continuity very seriously. “Within the Sapphire product line there are options to manage data retention windows and archiving requirements at the discretion of the client,” said Newby. “Sapphire is being hosted within Veros’ state-of-the-art and redundant data centers so clients can rest assured that their critical business data is managed to the highest standards of availability, security and integrity obtainable in the industry.”

Sapphire includes some exciting features:

  • Fully electronic order and receipt for the entire spectrum of valuation products.
  • Automated quality control process that provides essential checks and balances behind the scenes to save time and effort by eliminating the manual review of an incomplete or non-compliant report.
  • Comprehensive review features that provide internal staff with real-time access to valuation reports in the pipeline complete with skills and risk-based routing to ensure that the riskiest reports are routed to the most experienced staff.
  • Management of all valuation providers and communications in a centralized location with complete audit trails.
  • Standard and on-demand reporting tools for internal and external compliance.
  • UCDP Suite, including UAD/UCDP preview, UCDP override and submission, as well as PDF extraction functions.
  • Vendor management optimization and appraiser panel management give lenders more control over pipeline and report quality while maintaining compliance and objectivity.


“Veros is proud to be a part of the positive change that will help to establish a new and stronger foundation for the housing market by providing a 360-degree view of collateral risk management,” Bozorgi said.

Veros has a strong tradition of technology innovation in the mortgage industry that dates back more than 10 years. With Sapphire, Veros continues to lead the way with ground-breaking technology designed to help mortgage professionals stay updated with government regulations.
For technical information or to sign up for a demonstration of Sapphire, please visit www.sapphirebyveros.com or call (866) 458-3767.

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, systems and services, integrated into industry leading companies, are now optimizing millions of profitable decisions throughout the mortgage industry from loan origination through servicing and the secondary markets. Veros provides solutions to control risk and increase profits including automated valuations, fraud and risk detection, portfolio analysis, forecasting, and next-generation property valuation workflow and risk management platforms. Veros is headquartered in Santa Ana, Calif.


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