S&P and Veros Announce Strategic Alliance to Improve RMBS Transparency and Disclosure

New York, NY (PRWEB) October 29, 2009

Standard & Poor’s Fixed Income Risk Management Services (FIRMS), an analytics and research unit separate from S&P’s ratings business, that delivers solutions to help investors perform greater analysis on the financial instruments in their portfolios, and Veros Real Estate Solutions, a leading provider of model-driven valuations on real property, today announced a strategic alliance aimed at providing the market with property valuation information specific to loans underlying residential mortgage-backed securities (RMBS).

Fully understanding the loan-to-value ratio (LTV) of an underlying mortgage is one of the greatest challenges financial professionals face when they analyze mortgages and RMBS. Through this alliance, investors will have direct access to S&P loan level information as well as a wide range of collateral valuation data from Veros including current property value estimates, combined loan to value ratios and home price forecasts.

“The goal of this alliance is to provide RMBS investors worldwide greater clarity, transparency, and analytical capabilities when assessing the risk of their US RMBS holdings and their collateral” said David Goldstein, Managing Director at Standard & Poor’s FIRMS. “This alliance is one more step toward improving the disclosure of information on collateral underlying RMBS, and refining the quality and integrity of information available to investors. The first stage in this strategic alliance will be to offer Veros loan level property information along with Standard & Poor’s Global Data Solutions –U.S. RMBS Edition.”

“Veros is very excited to be an integral part of Standard & Poor’s efforts to provide greater loan level analytics to the non-agency market,” said Darius Bozorgi, President and CEO of Veros. “The combination of Standard & Poor’s FIRMS RMBS loan level data and analytics along with Veros’ insightful property valuation data sets provides an unmatched unique offering for investors.”

About Standard & Poor’s Fixed Income Risk Management Services:

Standard & Poor’s Fixed Income Risk Management Services delivers a portfolio of products and services to investors that serve the global financial markets by providing market intelligence and analytic insight for risk driven investment analysis, including for the debt, structured finance, derivative and credit markets. Standard & Poor’s Fixed Income Risk Management Services are performed separately from any other analytic activity of Standard & Poor’s. The unit has no access to non- public information received by other units of Standard & Poor’s. Standard & Poor’s does not trade on its own account.

About Standard & Poor’s:

Standard & Poor’s, a subsidiary of The McGraw-Hill Companies (NYSE:MHP), is the world’s foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor’s is an essential part of the world’s financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.

About Veros Real Estate Solutions:

Veros Real Estate Solutions, a proven leader in enterprise risk management and collateral valuation services, uniquely combines the power of predictive technology, data analytics and industry expertise to deliver advanced automated decisioning solutions. Veros products and services, integrated into industry leading companies, are now optimizing millions of profitable decisions throughout the mortgage industry from loan origination through servicing and securitization. Veros provides solutions to control risk and increase profits including automated valuations, fraud and risk detection, portfolio analysis, forecasting, and next-generation collateral risk management platforms. Veros is headquartered in Santa Ana, Calif. For more information, visit http://www.veros.com or call Veros at (714) 415-6300.

Media Contact:

Michael Privitera

Standard & Poor’s Communications

212-438-6679

michael_privitera (at) standardandpoors.com

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UAD Implementation and Compliance Webinar Hosted by Veros and The RiskWire

Santa Ana, CA (Vocus/PRWEB) April 15, 2011

Veros Real Estate Solutions (Veros), an industry leader in collateral valuation technology, enterprise risk management and predictive analytics, has announced that it will host an educational webinar focused on providing insight into the Uniform Appraisal Dataset (UAD) program. At the direction of the Federal Housing Finance Agency, Fannie Mae and Freddie Mac designed UAD to help tighten loan requirements and implement automated processes for loan origination.

The UAD program was announced in December 2010, and as the deadline for compliance nears, lenders are seeking clarification for a successful integration. The RiskWire webinar will focus on 1) the timeline for compliance; 2) the purpose and anticipated outcome of UAD; and 3) requirements for a successful implementation. Additionally, any industry concerns or misnomers in the mortgage and real estate industry will be discussed.

David Rasmussen, senior vice president of operations for Veros, will lead a panel that includes William E. King, director of valuation initiatives for Veros and a certified appraiser, and Peter Christensen, general counsel for LIA Administrators & Insurance Services.

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Veros Platforms Named on UCDP Vendor List; Ready to Support Industry

(Vocus/PRWEB) April 15, 2011

Veros Real Estate Solutions (Veros), an industry leader in enterprise risk management and collateral valuation services, has announced that its VeroSELECT and Valuation Risk Management (VRM) platforms are fully functional and ready to help lenders in all aspects of ordering, managing and delivering appraisals through the Uniform Collateral Data Portal (UCDP). Additionally, they will accept and process appraisals compliant with the Uniform Appraisal Dataset (UAD). These initiatives are part of the GSEs Uniform Mortgage Data Program (UMDP), a strategy to standardize and drive data quality to benefit the entire mortgage industry.

Fannie Mae and Freddie Mac (GSEs) announced Wednesday that UCDP will be live on June 27, 2011. According to the GSEs, appraisal report forms for all conventional mortgage loans delivered on or after March 19, 2012, must be submitted to the UCDP before the delivery date of the mortgage if the loan application is dated on or after Dec. 1, 2011 and an appraisal report is required. Veros and its related platforms have been named as approved solutions that enable the submission of electronic appraisal data to UCDP.

The key to a good experience with UCDP is for lenders to get on board early and not wait until March 2012 to begin utilizing the program, said Chris Gowen, sales vice president at Veros. There is significant pre-work that needs to be accomplished in order to meet all GSE requirements. Having access to the system now provides opportunity for the necessary internal testing and process changes lenders need to work through to ensure smoothly running operations and on-time compliance with this mandate.

VeroSELECT and VRM have been finely tuned and are ready to help lenders quickly and efficiently navigate UCDP for a successful outcome. These platforms were built to provide precise functionality in valuation risk management, as well as manage the entire collateral valuation process from start to finish.

Participants will be able to utilize UCDP through a web-based portal to upload and browse files, or they can connect via a vendor provided solution, such as VeroSELECT and VRM. According to Gowen, vendor integration is a smart option for lenders and their designated agents concerned about loan volume and looking to automate their processes, as well as for lenders looking to add risk management capabilities to their workflow through the addition of analytics or automated reviews.

The GSEs will provide job aids, training programs and other resources to help lenders learn the system over the next few weeks. These tools can be accessed directly from the GSEs respective websites.

Veros is a significant provider of property valuation analytics, including automated valuation models (AVMs), automated fraud and risk analytics, as well as future value forecasting for the real estate and mortgage industry. Veros is also a leading provider of automated valuation and risk management solutions offering platforms managing the entire spectrum of collateral valuation products while simultaneously monitoring workflow for compliance.

Veros was selected in 2010 by the GSEs as the technology provider to build, support and maintain the UCDP platform, which provides the electronic appraisal data delivery to the organizations.

About Veros Real Estate Solutions

Veros Real Estate Solutions, a proven leader in enterprise risk management and collateral valuation services, uniquely combines the power of predictive technology, data analytics and industry expertise to deliver advanced automated decisioning solutions. Veros products and services are optimizing millions of profitable decisions throughout the mortgage industry, from loan origination through servicing and securitization. Veros provides solutions to control risk and increase profits including automated valuations, fraud and risk detection, portfolio analysis, forecasting, and next-generation collateral risk management platforms. Veros is headquartered in Santa Ana, Calif. For additional information on Veros, visit http://www.veros.com or call (866) 458-3767.

Media Contact

Emily J. Carpenter-Pulskamp, APR

Public Relations Manager

epulskamp(at)veros(dot)com

(714) 415-6381

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Veros Real Estate Solutions Marks 10 Years of Business


Santa Ana, CA (PRWEB) May 25, 2011

Veros Real Estate Solutions (Veros), an industry leader in enterprise risk management and property valuation services, is celebrating its 10-year anniversary.

Veros is a significant provider of property valuation analytics, including automated valuation models (AVMs), automated fraud and risk analytics, as well as forecasting for the real estate and mortgage industry. Veros products and services allow users to manage the entire spectrum of collateral valuation products while simultaneously monitoring workflow for compliance.

The company began business in 2001 with the release of its lead AVM product, VeroVALUE. Considered to be the first secondgeneration AVM, VeroVALUE provides the necessary transparency the industry needs for reliable confidence scoring and sophisticated predictive modeling.

Veros was formed on the belief that the future of properly understanding and analyzing collateral risk depended on leveraging strengths of all available valuation methodologies and data sources, said Darius Bozorgi, Veros president and chief executive officer. Our mission was to respond to what mortgage stakeholders truly needed. We continue to pursue this today through advancement of our core analytics and through the development of flexible, efficient, and transparent property valuation ordering, review and scoring solutions.

Veros went on to successfully develop and release additional analytics that included collateral risk scoring solutions, real estate market forecast tools, distressed-market AVMs, condition reports, and a variety of targeted analytics and solutions for use by top lenders and servicers. The company also was on the forefront in identifying the need for automated property valuation platforms and offered its first platform solution in 2007.

In 2010, Veros was chosen by Freddie Mac and Fannie Mae to build, support and maintain their joint platform, the Uniform Collateral Data Portal (UCDP), which provides electronic appraisal data delivery to these government-sponsored enterprises (GSEs). Previous to that, Veros was selected in 2009 to be the technology provider for Fannie Maes Collateral Data Delivery system, which requires originating lenders to provide appraisal data prior to loan delivery on loans purchased by the GSE. Additionally, Veros was named the exclusive provider of valuation analytics for Standard & Poors Fixed Income Risk Management Services efforts to provide loan-level property valuation information.

The partnerships Veros has formed in the past 10 years, and those to be formed in the future, all strive to provide the long-term benefits that come from mutually beneficial enhancements to improve the mortgage industry. Our forward-looking focus is on providing the tools and insights that will bring much-needed stability back to the housing finance system, said Bozorgi.

Veros has hosted the Predictive Methods Conference and published The RiskWire for the past 10 years. Both are educational forums geared to increase dialogue on important issues surrounding predictive mortgage technology. Recognized by its peers, Veros was the recipient of Mortgage Technology Magazines 2010 Synergy Award for its efforts around UCDP. Additionally, Mortgage Banking Magazine named Bozorgi a 2011 Technology All-Star for his thought leadership and technological innovations.

Bozorgi sees steady growth through continued high-tech product advancements to meet the strategic needs of business partners and professionals. Analytics will always be a primary focus for us. We are working hard to continually enhance our products to meet the ever-changing demands of the industry, he said. To that note, the development of the next generation of collateral tools and platform services is also critical to the success of the industry, he said. Veros commitment to on-going development equates to faster, more accurate, more informed and more profitable business decisions.

In line with business demands, the company has seen a steady uptick in its workforce and continues to add highly qualified individuals from the sales, engineering, computer information systems, operations, marketing and human resources fields. The majority of Veros employees are staffed at its headquarters in Santa Ana with additional satellite offices throughout the country.

About Veros Real Estate Solutions

Veros Real Estate Solutions, a proven leader in enterprise risk management and collateral valuation services, uniquely combines the power of predictive technology, data analytics and industry expertise to deliver advanced automated decisioning solutions. Veros products and services are optimizing millions of profitable decisions throughout the mortgage industry, from loan origination through servicing and securitization. Veros provides solutions to control risk and increase profits including automated valuations, fraud and risk detection, portfolio analysis, forecasting, and next-generation collateral risk management platforms. Veros is headquartered in Santa Ana, Calif. For additional information on Veros, visit http://www.veros.com or call (866) 458-3767.

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Veros Real Estate Solutions Hosts Inaugural RiskWire Summit

Santa Ana, CA (PRWEB) May 31, 2011

Veros Real Estate Solutions (Veros), an industry leader in enterprise risk management and property valuation services, is pleased to announced the inaugural 2011 RiskWire Summit. A one-day forum focused on creating high-energy dialogue among mortgage and real estate industry professionals, the Summit provides a unique opportunity for lenders to interact directly with the creators of the industry-changing regulations taking place this year.

Veros Data Signifies the Genuine Estate Market Has Strike Base, is in Complete Restoration Method

Santa Ana, Calif. (PRWEB) January 03, 2013

Veros Genuine Estate Remedies (Veros), an industry leader in business threat management, collateral valuation providers and predictive analytics, has declared that investigation of its info demonstrates compelling proof that the nationwide genuine estate market has strike base and is now in a complete recovery. This is the conclusion of the companys VeroFORECAST genuine estate market forecast for the twelve-month interval ending December 1, 2013, current quarterly and covering 975 counties, 335 metro regions, and 13,586 zip codes.

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The forecast update demonstrates considerable improvement on a national foundation, indicating that on average the prime 100 metro regions can anticipate one.two per cent appreciation above the up coming twelve months. This is the 2nd quarter in a row exactly where this index has proven forecast appreciation. Hugely noteworthy is the re-emergence of many really robust marketplace forecasts, with Phoenix appearing once more as the prime market place with more than ten per cent once-a-year appreciation predicted. This is the initial time because 2006 that Veros has forecast double-digit yearly appreciation in any market place. In addition, the depreciating markets are getting to be much less serious, with the worst marketplaces in the -two to -3 p.c variety, which is a standard amount of depreciation of the poorest performing markets even in the course of healthy marketplaces. For the very first time since the recession began, on a countrywide degree, two-thirds of all markets are envisioned to possibly be flat or appreciating throughout the coming twelve months.

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Phoenix, a single of the markets hit most difficult throughout the downturn, proceeds to present power in this quarter’s forecast, developing on its leading position from the previous two quarters to be the market place leading the restoration. This revival is a result of its drastically reduced housing provide, which has plummeted by 70 percent from its peak. Excellent affordability and lower interest costs are also triggering important demand, states Eric Fox, Veros vice president of statistical and financial modeling. The low supply and large demand from customers, in conjunction with the Phoenix places lower unemployment rate of six.eight per cent, in contrast to the national unemployment charge of 7.nine %, sets the stage for it to be 2013s leading carrying out market place.

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Pursuing Phoenix, the second strongest forecast market place is Midland, Texas the place a forecast appreciation of 9% is anticipated throughout 2013. The Midland unemployment fee is a really lower 3.four %, indicating a booming financial system mostly due to the oil sector, and document minimal curiosity charges are also contributing to the marketplaces price raises. 3rd is Miami at almost eight per cent appreciation, where the housing source has also dropped virtually 70 p.c from its peak, making affordability much better than it has been in virtually a ten years and ushering in desire from intercontinental purchasers and population development. Rounding out the top 5 are Tampa and Denver each envisioned to appreciate in between six and seven per cent for the duration of the up coming 12 months. The Tampa housing inventory has dropped more than sixty percent from its peak in 2007, whilst the Denver housing offer has dropped 70 % from its peak in 2006, accelerating demand from customers, Fox says. He notes that the exercise in Denver is improved by an economic system that is attracting expansion in the strength and engineering startup sectors, although unemployment is only somewhat greater than the nationwide average.

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Florida and Texas are seeking especially powerful for appreciation with Midland, Miami, Tampa, and Cape Coral in the leading 10. California is yet again showing enhancement, with San Jose, San Francisco, and Los Angeles also appearing in the leading ten when more.

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Projected 5 Strongest Markets*&#13

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Veros Genuine Estate Appreciation Forecast by means of March 2014 Displays Housing Restoration is Moving Full Steam In advance, with Some Exceptions


Santa Ana, CA (PRWEB) March twenty five, 2013

Veros Actual Estate Solutions (Veros), an business chief in enterprise threat management, collateral valuation solutions and predictive analytics, has introduced that analysis of its knowledge displays that the housing restoration is shifting complete steam ahead as we enter the 2nd quarter of 2013. This is the conclusion of the companys VeroFORECAST actual estate market forecast for the twelve-month period ending March 1, 2014, updated quarterly and masking 955 counties, 316 metro regions, and thirteen,460 zip codes.

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Veros foreseeable future house value index (HPI) forecast carries on to display substantial strengthening and advancement. The HPI suggests that, on typical for the prime 100 metro places, Veros expects two.2 % appreciation over the following twelve months. This is the third consecutive quarter the place the index has revealed forecast appreciation. As of this forecast update, seventy five % of U.S. markets are envisioned to see appreciation, even though twenty five p.c of the marketplaces are envisioned to expertise declining home prices.

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Projected Five Strongest Markets*&#13

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