Lending, Servicing, Investments
Veros is the technology provider for the Federal Housing Administration’s Electronic Appraisal Delivery portal, as well as Fannie Mae and Freddie Mac’s Uniform Collateral Data Portal. As a result, Veros helps process 70% of all mortgages and 90% of valuations on related mortgage-backed securities issuance, and has handled more than 51 million appraisals to date.
In 2017, Veros introduced a host of new valuation solutions, including VeroDATAFI and VeroPRECISION. Veros created VeroDATAFI to address the UCD mandate and provide lenders with a data management solution that streamlines and automates the secure delivery of UCD files directly to Fannie Mae and Freddie Mac.VeroPRECISION is a property-specific valuation rules engine that uses Veros’ analytics, AI and machine learning to instantly determine if an AVM is the right valuation tool for the subject property.