MReport January 2020

TheMReport — News and strategies for the evolving mortgage marketplace.

Issue link:

Contents of this Issue


Page 43 of 67

42 | M R EP O RT SPECIAL ADVERTISING SECTION: BEST IN PROPERTY VALUATIONS Veros Real Estate Solutions KEY PERSONNEL Darius Bozorgi President & CEO David Rasmussen SVP, Operations Chuck Rumfola SVP, Strategic Initiatives & Sales Rob Walker VP, Sales Brian Fluhr VP, Marketing STAFFING Number of Employees: 80 CONTACT INFORMATION 2333 N. Broadway, Suite 350 Santa Ana, CA 92706 866.458.3767 COMPANY DESCRIPTION A mortgage technology innova- tor, Veros Real Estate Solutions is a proven leader in enterprise risk management and collateral valu- ation services. The firm combines the power of predictive technology, data analytics, and industry exper- tise to deliver advanced automated solutions that identify and mitigate risk while increasing profits throughout the mortgage lifecycle. Veros' services include automated valuation, fraud and risk detection, portfolio analysis, natural disaster property impact data, forecasting, and VeroSELECT, the all-in-one SaaS for property valuation and collateral risk management. COMPANY HISTORY Founded by Darius Bozorgi in 2001, Veros Real Estate Solutions continues to drive innovation in property valuations. The company leverages data and advanced tech- nology to create AVMs, that have been objectively and indepen- dently measured and correlated to accuracy. In 2003, the company achieved nationwide AVM cover- age, providing critical valuation services to the nation's largest mortgage originators. In 2006, Ve- ros was selected by GMAC to build the company's Valuation Manage- ment Platform. In 2010, Veros was chosen by the GSEs, Freddie Mac and Fannie Mae, to build, support, and maintain the Uniform Collateral Data Portal (UCDP). In 2015, Veros began its work with the FHA in support of its Electronic Appraisal Delivery (EAD) portal. In 2019, the Veterans Administration (VA) selected Veros to provide appraisal management services for VA loans. Also in 2019, Veros' VeroVALUE was recognized as one of the top choices for AVMs by Fitch Ratings for Fitch-rated residential mort- gage-backed securities (RMBS) transactions. BUSINESS LINES, PRODUCTS, AND SERVICES Both directly and through a network of top resellers, Veros provides mortgage and financial services professionals with valu- ation products, including AVMs, AVM Cascades, and hybrid valu- ations. Its predictive tools include Market Forecast Data and HPIs (VeroFORECAST), Risk Analysis, Fraud Detection and Scoring Tools, and Portfolio Review Services. Veros' new disaster data solution provides mortgage stakeholders with parcel-level data indicating if a specific property is likely to have been impacted by a natural disaster. COMPETITIVE ADVANTAGE Veros combines predictive analytic excellence with unrivaled industry expertise to create advanced busi- ness intelligence-based solutions. VeroSELECT is the all-in-one valu- ation SaaS that provides instant access to a complete suite of valuation solutions, including the AVM that defines AVM accuracy, VeroVALUE. With VeroSELECT, you'll gain a complete prop- erty valuation and collateral risk management engine to empower critical business decisions with AVMs and Cascades, Broker Price Opinions, and Property Condition Reports. Through the company's most recent innovation, natural disaster data pinpoints disaster impact resulting from hurricanes, earthquakes, wildfires, volcanoes, tornadoes, floods, storm surges, and tsunamis at the parcel level, minimizing the need for costly property inspections. KEYS TO SUCCESS As a solution-centric provider, Veros takes a consultative approach with its customers, resellers, and busi- ness partners, working to create solutions that address their specific business needs. Veros has proven successful in its commitment to em- powering resellers with innovative solutions combined with the ease of conducting business together. By providing the automated valuation services and technology solutions that enable resellers to round out their offerings, Veros helps partners capture market share while better serving their clients' valuation- related needs. INDUSTRY AWARDS, ACCOLADES, AND MILESTONES Veros consistently earns industry recognition. In 2010, Veros received Mortgage Technology Magazine's Synergy Award and the Transform- ing Valuations Award in 2014 for its leadership with UCDP and industry standardization. Veros has been recognized as a Top 25 and Top 50 Vendor by Mortgage Technology Magazine on multiple occasions. Company founder and CEO Darius Bozorgi has been recognized as a Technology All-Star by Mortgage Banking Magazine and in 2019 he was named an industry Vanguard by HousingWire. The company is regularly featured in national media outlets, including Bloomberg, Reuters, CNBC, The Wall Street Journal, and USA Today.

Articles in this issue

Links on this page

Archives of this issue

view archives of TheMReport - MReport January 2020