Over the last 12 months, Darius Bozorgi finalized a deal with the U.S. Department of Veterans Affairs to award its Appraisal Management Services contract to Veros. Through the contract, Veros will now provide appraisal solutions as part of VA Home Loan Guaranty program.
The company will “work to improve the veteran’s home buying experience by focusing on efficiencies related to the appraisal scheduling, tracking and completion process.”
Beyond that, Veros states that it will work with VA to, “enhance collateral data collection, risk review analytics, and reducing the overall risk associated with VA loans.”
Bozorgi was personally involved in the deal, every step of the way and looks forward to the opportunity to work with the VA and help service members and veterans buy homes.
In addition to the VA contract, Bozorgi also helped Fannie Mae, Freddie Mac, HUD/FHA and now VA introduce mission-critical systems that allow these institutions to better identify and act upon those loans requiring special attention while streamlining the approval of those that meet industry-standard requirements.
This year, Bozorgi spearheaded the addition of Veros disaster data to the company’s expansive data offering. One of his primary goals in adding this data set was to provide lenders and servicers with near-real-time post-disaster insight to enhance borrower relations by proactively identifying at-risk loans at the property-specific level (as opposed to county-level only) and rapidly initiating contact with the borrower.
The data will also perform other actions such as eliminating unnecessary property inspections – a substantial cost savings.
What has been your secret to success?
“Three things: Surround yourself with talented people – the best leaders know what they don’t do well, finding those who do is very important. Be honest. Do what you say you’re going to do.”