Veros Kicks Off 2012 Predictive Methods Conference
Jun 04, 2012
Advancing the mortgage industry through conversation, ingenuity, and collaboration.
Santa Ana, Calif. — June 4, 2012 — Veros Real Estate Solutions (Veros), an industry leader in collateral valuation technology, enterprise risk management, and predictive analytics, officially kicked of its 2012 Predictive Methods Conference (PMC) in Southern California. Darius Bozorgi, president and chief executive officer for Veros provided opening comments to more than 300 attendees from top lenders, servicers, investors, technology vendors, and government and regulatory organizations from America’s leading financial institutions.
His remarks applauded the significant industry milestones, including UMDP and its core initiatives, that industry and key decision makers have been working on during the past five years in an effort to rebuild a severely battered U.S. housing finance system and addressed the delegation on further action needed.
“There were several root causes for the dramatic fall of the market,” he said. “We have made significant progress in the past five years and are seeing signs of stabilization. However, it is critical that we maintain a sharpened sense of awareness and continue to seek out targeted, data-centric solutions, as well as continue to implement appropriate technology to meet our goals. These are the tools that will help mortgage stakeholders prevent history from repeating itself.
“To truly recover and rebuild the mortgage industry, bring back private capital and instill confidence in the secondary markets, a consistent evolution of meaningful enhancements must continue to be made to provide transparency and identify risk throughout the life of each loan.”
According to Bozorgi, the purpose of PMC since its inception in 2001 has been to give a voice to individuals invested in using data and technology to better the mortgage industry, as well as to promote positive adoption of real estate analytics and sophisticated software tools. “We expanded the agenda this year so we could more explore data and risk issues within the deeper context of each phase of the mortgage lifecycle as the industry continues its slow and steady ascent,” he said.
Over the course of the three-day program, PMC will host eight general speakers from the Federal Housing Finance Agency, the U.S. Department of the Treasurey, Freddie Mac, Fannie Mae and others. The 26 track sessions will focus on issues facing originators, investors, servicers, as well as the tech/analytics sector. Keynote speaker, Stephen J. Dubner, co-author of Freakonomics and SuperFreakonomics, will provide unique insights and principles he garnered from writing the two books to provide a unique perspective in dealing with prediction, risk and economic uncertainty, as well as moving the mortgage industry forward.
“The planning discussions that we had with industry professionals leading up to PMC have been inspiring,” Bozorgi said. “I am amazed and proud of the efforts contributed by so many passionate individuals as they lend their expertise and opinions in not only making PMC a success, but more importantly, in finding solid footing for the economy.”
PMC is being held June 4-6 in Dana Point, Calif. A full schedule of events can be found at PMC2012.com. For conference updates, please follow Veros on Twitter at @VerosRES/#PMC12 or on Facebook.
About The Predictive Methods Conference
The Predictive Methods Conference (PMC) is one of the most expansive educational platforms in the mortgage industry that addresses trends and issues surrounding collateral risk analytics, valuation risk management, as well as the appropriate use of mortgage technologies for business efficiencies. Sponsored by Veros Real Estate Solutions since its inception in 2001, PMC provides a platform for individuals and organizations to participate in an open and diverse dialogue on the variables making an impact on the mortgage industry. PMC draws speakers and attendees from top lenders, rating agencies, regulators and technology vendors from America’s leading financial institutions, including private, government and Wall Street. For additional information, visit PMC2012.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 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, Calif. For more information, please visit www.veros.com or call (866) 458-3767.