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2018 HW Tech100 Winner: Veros

Created two new valuation solutions: VeroDATAFI and VeroPRECISION

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Veros

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.

veros.com

Latest Articles

Wells Fargo loosens jumbo lending requirements for current customers

Wells Fargo announced updates to is non-conforming refinance products at the beginning of July. While the updates loosen the jumbo requirements for current customers, the new standard for customers without a Wells Fargo relationship increased four times the amount it originally announced back in April.

Jul 09, 2020 By
3d rendering of a row of luxury townhouses along a street

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