Veros Honored for Mortgage Industry Technology Contribution
Mar 04, 2014
Veros named to inaugural 2014 HW TECH100™ list of key innovators for 2014 by HousingWire
Santa Ana, Calif. – March 4, 2014 – Veros Real Estate Solutions (Veros), an industry leader in enterprise risk management, collateral valuation services and predictive analytics, has been named to the 2014 HW TECH100™ list of the mortgage industry’s most innovative technology companies by HousingWire magazine. Veros’ inclusion among this prestigious group in the inaugural year of the magazine’s recognition program cites the company’s deep involvement with the technology innovation known as UCDP® (the Uniform Collateral Data Portal®), for which Veros is the official technology provider. The UCDP provides the means for lenders to submit fully electronic appraisals to Fannie Mae and Freddie Mac, a pre-delivery requirement of both GSEs.
“With more than 400 firms under consideration this year, selecting 100 was incredibly difficult – and making the cut should be considered a distinct honor,” said HousingWire Executive Editor Jacob Gaffney. Paul Jackson, CEO and publisher of HousingWire observed, “The revolution in mortgage and real estate technology is just getting started. What we’ve already seen happen in many other industries, from retail to news media, we’re now seeing take place on a grand scale in the U.S. housing economy. The HW TECH100™ recognizes those firms that are innovating the future of an industry that underpins much of the U.S. economic engine.”
Designed, built and operated by Veros, the UCDP has become the industry standard for appraisal delivery to mortgage investors. “UCDP represents an important step in creating the transparency needed to bring true confidence in collateral valuations back to both the public and private mortgage investment sectors,” said Veros Vice President of Sales and Marketing Adrienne Ainbinder. "We seek to empower mortgage stakeholders by providing the data and tools needed to better understand and control the risks associated with loan collateral," she noted. “We are proud and honored to be included among the HW TECH100.”
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.