Santa Ana, Calif. – June 4, 2014 – Veros Real Estate Solutions (Veros), an industry leader in enterprise risk management, collateral valuation services and predictive analytics, has been named one of the mortgage industry’s Top 50 Service Providers for 2014 by Mortgage Technology magazine. This is the third time the company has been named on the prestigious Top 50 list, joining its three prior citations as both a Top 100 and a Top 25 Vendor by Mortgage Technology.
Each year, Mortgage Technology magazine recognizes 50 companies for their accomplishments in four areas: continued advancement of technology and services, viable revenue model and value proposition, exceptional customer service and unique impact on the mortgage industry. The magazine’s editorial panel of judges place strong emphasis on each company’s achievements over the past 12 months.
“Veros is very pleased to have made Mortgage Technology magazine’s list once again,” said Adrienne Ainbinder, vice president, sales and marketing of Veros. “We have not rested on our laurels over the past year, but have continued to lead innovation in the mortgage technology segment. The designation by Mortgage Technology as a Top 50 Provider is an important validation of our efforts, and is very much appreciated by all of us at Veros.”
Veros has demonstrated continued leadership in the development and ongoing operation of the GSEs’ Uniform Collateral Data Portal (UCDP) and is now building FHA’s Electronic Appraisal Delivery (EAD) portal with implementation scheduled for later this year. Over 16 million appraisals have been touched by Veros’ technology through the UCDP to date and the same success is expected for EAD, laying the groundwork for an industry-wide standard process. “We are proud to support an effort that touches the overwhelming majority of residential loans and has already had a great impact on valuation quality,” says Ainbinder.
Veros also introduced its improved VeroSCORE technology, which redefines appraisal scoring as an analytical tool for lenders, investors, insurers and others in the mortgage space. Veros’ unique and comprehensive approach changes the concept of appraisal scoring from a simplistic “confidence factor” looking at the appraisal report alone, to a detailed, data-driven analysis of information within and external to the appraisal. The resulting scores, subscores and supporting data within VeroSCORE’s multi-dimensional analysis greatly enhances the usefulness of appraisal scoring as an essential tool for valuation analysis and regulatory compliance.
“The past year has been a very productive and successful year for Veros,” Ainbinder said. “We look forward to continuing our innovation in new products and services for the mortgage industry in the years ahead. We are most grateful for this important recognition from the industry’s leading mortgage technology publication and honored to be named alongside these other outstanding companies.”
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. For more information, please visit www.veros.com or call (866) 458-3767.