SANTA ANA, Calif., March 9, 2020—Today Veros Real Estate Solutions, an industry leader in enterprise risk management and collateral valuation services, announced it has received the 2020 HW TECH100™ Mortgage Award. The annual award from HousingWire magazine recognizes the 100 most innovative technology companies in real estate, mortgage lending, mortgage servicing, and investments.
For the past seven years, HousingWire has distinguished the industry’s top innovators, and in all seven years, Veros has been among them. Between the many innovative startups and technology giants, the nomination process has become increasingly competitive. This year’s field was no exception.
According to the magazine’s announcement, “This year’s winners continue to push the edge of innovation to move markets forward. The future is here and it’s because these companies continue to push the limits of possible.”
“We are incredibly honored to have earned our spot for the seventh time in the HW TECH100,” said Brian Fluhr, Veros vice president of marketing. “Given the dedication of every member of the Veros Team, we continue to expand our innovative approach to data and analytics, which allows us to deliver impactful solutions that empower our customers and resellers.”
Last year, Veros was selected by the U.S. Department of Veterans Affairs to build the all-new Appraisal Management Solution specifically designed to improve the veteran’s home buying experience by focusing on efficiencies related to the appraisal scheduling, tracking, and completion process.
Veros also received HW TECH100 recognition for its leading disaster data which provides the insight servicers need to understand if and how the properties in their portfolio may have been impacted in the wake of a natural disaster. Available through VeroSELECTSM , the all-in-one valuation risk management system, by leveraging Veros’ Fitch-rated VeroVALUESM Suite of AVMs, portfolio review, and through match and append service. This data helps servicers minimize or even eliminate the need for costly property inspections by providing them with property level insight vs. the county-level designations FEMA provides when declaring a disaster area.
The product was applauded for potential cost-savings to the servicer. With a typical inspection cost of approximately $40, per home, the data can specifically identify if a property is likely to have been impacted given their location in relation to the disaster area. Inspections can then be prioritized or eliminated depending on each specific property location, resulting in significant savings for the servicer.
During post-disaster analysis, Veros offers a dashboard to visually demonstrate the impact a disaster has on a servicer’s portfolio. This executive–level view sets the foundation for increasing efficiency and accuracy while reducing the cost of identifying which properties in a servicer’s portfolio have been directly impacted after a disaster.
For more information about Veros Disaster Data, VeroSELECT, VeroVALUE and the many other innovative solutions from Veros, email email@example.com.
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About Veros Real Estate Solutions
A mortgage technology innovator since 2001, Veros is a proven leader in enterprise risk management and collateral valuation services. The firm combines the power of predictive technology, data analytics, and industry expertise to deliver advanced automated solutions that control risk and increase profits throughout the mortgage industry, from loan origination to servicing and securitization. Veros’ services include automated valuation, fraud and risk detection; portfolio analysis, forecasting, and next-generation collateral risk management platforms. Veros is the primary architect and technology provider of the GSEs’ Uniform Collateral Data Portal® (UCDP®). Veros also works closely with the FHA to support its Electronic Appraisal Delivery (EAD) portal. For more information, visit www.veros.com or call 866-458-3767.