Santa Ana, Calif. – October 1, 2014 – Veros Real Estate Solutions(Veros), an industry leader in enterprise risk management, collateral valuation services and predictive analytics, has been selected as a finalist for a 2014 Mortgage Technology Award in the category “Transforming Valuations.” Veros’ advanced appraisal scoring technology, VeroSCORE, was chosen for its superior capabilities in helping lenders automate review and reduce risk by better understanding the contents of the appraisals supporting their mortgage loans. The awards will be presented at an event at the MBA Annual Conference & Expo in Las Vegas on October 19, 2014.
Mortgage Technology magazine’s Transforming Valuations Award recognizes a technological advancement in the appraisal, broker price opinion or automated valuation sectors. VeroSCORE utilizes sophisticated analytics, multiple trusted external data sources and secure automated technology to create a multi-dimensional set of scores and subscores that provide granular detail on an appraisal. This advanced and comprehensive approach is of tremendous help for appraisal reviewers and decision makers desiring extensive analysis in a time-efficient manner before making funding decisions, and prior to submitting to Fannie Mae and Freddie Mac through the Uniform Collateral Data Portal® (UCDP®). Veros was previously recognized with the Mortgage Technology “Synergy” Award for its achievements in building and operating the UCDP for the GSEs.
“We are very pleased to have VeroSCORE selected as a finalist for this prestigious award,” said Veros Senior Vice President of Operations, David Rasmussen. “We have been working hard to improve valuation technology across the industry since the company was founded in 2001. The Veros automated appraisal scoring tool provides a more robust yet more efficient approach to immediately validate the quality and accurateness of each appraisal,” he noted. “Today’s technology provides an opportunity for lenders to strengthen their operations and be more compliant with regulatory requirements and we are grateful to see our contributions recognized in this manner,” he said.
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’ award-winning 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.