Risky Business

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Special Advertorial Section Feature Veros Real Estate Solutions Veros Real Estate Solutions "Innovating Mortgage Technology" CORPORATE PROFILE Corporate Headquarters key personnel Darius Bozorgi President & CEO Bijan Bozorgi CFO Charles Rumfola SVP Strategic Initiatives David Rasmussen SVP Operations contact information Adrienne Ainbinder VP Marketing 714.415.6300 2333 N. Broadway Suite 350 Santa Ana, California 92706 Phone: 866.458.3767 Web: Veros Real Estate Solutions is a leader in predictive technology for the financial services industries and a renowned provider of real estate valuations and analytics for the entire mortgage lending value chain, from origination to the capital markets. Veros delivers enterprise risk management solutions used by most of the country's leading financial services and lending firms. In addition, the company offers sophisticated risk assessment products, analytics, and real estate data to enhance the power of valuations, as well as automates the criteria, assignment, and management of these products by loan specialists or valuation experts. BUSINESS SCOPE Veros conducts business with the nation's top lenders, small and mid-sized banks, credit unions, rating agencies, regulators, and technology vendors from America's leading financial institutions, as well as both private, government, and Wall Street investors. Veros' analytics span the country, offering some of the most insightful and granular intelligence available. This granularity allows clients to more accurately identify risk and assess market values in the specific areas they conduct business. COMPANY HISTORY Veros was founded in 2001 with a dedication to developing predictive technology and automated decision-based applications for the financial services industries. Veros entered the market with its flagship automated valuation model, VeroVALUE, and quickly became noted as an industry leader and pioneer for the first true, second-generation AVM. The company later introduced additional analytic tools including VeroFORECAST, VeroVALUE REO, and VeroSCORE, providing market forecast data, default valuation estimates, and appraisal scoring, respectively. In 2007, the company began broadening its predictive analytics reach with the introduction of SaaS-based valuation management platforms, which include Sapphire, PATHWAY, and VeroSELECT. In 2010, Veros' background in innovation, expertise in technology development, and reputation for transparent delivery of mortgage data was recognized when the company was chosen by Freddie Mac and Fannie Mae, to build, support, 36 | The M Report and maintain the Uniform Collateral Data Portal (UCDP). This joint platform provides electronic appraisal data delivery to the GSEs and has been touted by industry experts as a significant step in establishing true transparency to the mortgage industry. COMPETITIVE ADVANTAGE As part of the company's ongoing commitment to improving its core products, the Veros analytics team places continual focus on VeroVALUE's data sources, data management, model enhancements, and due diligence, which means clients receive the benefit of a highly tuned AVM with top-tier hit rates and accuracy. These improvements have been validated by third parties as well as by the many large lenders who conduct their own testing. In today's fast-paced and highly regulated environment, clients are applauding Veros' automated valuation management platform, Sapphire. Sapphire is helping lenders manage their appraisal, BPO, and AVM processes from the initial order to the receipt and review, and ultimately automated submission to UCDP. Touted as the most lender- and appraiser-friendly system in the marketplace, Sapphire offers an extremely intuitive interface, reliable reporting, and integrated analytics—all within a highly secure digital environment. Veros also manages the operation of the UCDP for the GSEs and has performed with excellent uptime for all participants in the historic initiative. Veros' ongoing performance has not only proved the concept of digital uploads for investors, but it has also laid the groundwork for collateral transparency for the RMBS issuers and investors of the future. To date, UCDP has received more than 10 million appraisals. KEYS TO SUCCESS Veros' excellence can be attributed to its direct and consistent involvement with the heart of the mortgage community. Providing thought-leadership through educational webinars, industry conferences and its own educational forums, Veros is committed to increasing the dialogue around pressing mortgage technology and property valuation issues.

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