XBOSoft Provides Timely Software Testing Support for Adra Match’s Unique Accounting Software Architecture

(PRWEB) October 25, 2008

Bjorn Loe, the CTO of Adra Match, remarked, “We had a quick evaluation of the test project last week and the feedback was very positive!” Bjorn added, “The key to any software application is to have the interface offer the flexibility that will drive fast and accurate results. XBOSoft enables us to achieve these broad-based goals faster than any of our immediate competitors”.

Philip Lew, CEO of XBOSoft, stated, “Our relationship with Norwegian firms has grown by leaps and bounds this year by providing specialized software testing services that deliver better securitization, increased functionality and stability of our clients’ unique applications”.

About XBOSoft:

XBOSoft, Beijing-based with a U.S. management team, is a full-service software testing firm serving both U.S. and European markets. It delivers manual and automated test execution across multiple hardware platforms, languages, operating systems, databases, application servers and client browsers. XBOSoft leverages its XBO1 proprietary automation methodologies to identify bugs early and significantly decrease overall software development lifecycle time, cost and end-user dissatisfaction. The firm’s online client collaboration tools enable clients to securely access their project progress 24/7. XBOSoft offers a unique, low-risk entry to software testing with its limited engagement Quick Release program, one of the company’s fastest growing products.

###







More Securitization Press Releases

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

# # #







Find More Securitization Press Releases