Santa Ana, Calif. – October 20, 2014 – Veros Real Estate Solutions (Veros), an industry leader in enterprise risk management, collateral valuation services and predictive analytics, has been named the winner of the 2014 Mortgage Technology “Transforming Valuations” Award. The Transforming Valuations Award recognizes a technological advancement in the appraisal, broker price opinion or automated valuation sectors. Veros’ advanced appraisal scoring technology, VeroSCORE, was recognized 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 were presented at an event at the MBA Annual Conference & Expo in Las Vegas on October 19, 2014.
VeroSCORE was recognized for its use of sophisticated analytics, multiple trusted external data sources and secure automated technology, which create a multi-dimensional set of scores and subscores providing granular detail on an appraisal. The resulting analysis allows appraisal reviewers to process these essential documents in a way never possible before VeroSCORE – in a fully automated fashion, with all supporting detail provided in a centralized file. Faster and more confident lending decisions can be made to support internal policies and procedures, and more confident submissions to Fannie Mae and Freddie Mac through the Uniform Collateral Data Portal® (UCDP®) with the ability to preview and resolve potential issues prior to submission. Veros was previously recognized with the Mortgage Technology “Synergy” Award for its achievements in building and operating the UCDP for the GSEs.
“A tremendous amount of effort went into VeroSCORE’s creation and continues to be applied today, as we work in-step with the mortgage community to redefine what an appraisal scoring tool can and should do for lenders, investors and the industry as a whole,” said Veros Senior Vice President of Operations, David Rasmussen. “Veros is proud to receive this prestigious award and it is accepted on behalf of our team, our partners and clients who were an essential part of helping make VeroSCORE a reality.”
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.