Veros Real Estate Solutions, a developer of enterprise risk management, collateral valuation, and predictive analytics services, and SWBC Lending Solutions, which provides cost-effective and compliant lending products for originators, loan servicers, and portfolio managers, have partnered to provide complete, end-to-end collateral valuations and analytics services.
Texas-based SWBC Lending Solutions, a subsidiary of SWBC, will now offer Veros' AVM solutions, including the company’s proprietary VeroVALUE suite and the breakthrough VeroPRECISION valuation decision engine, for all mortgage industry participants seeking to maintain valuation accuracy, while cutting costs and increasing operational efficiencies.
"SWBC Lending Solutions has a stellar reputation for providing comprehensive services and solutions that touch every stage of the mortgage lifecycle and, with the addition of Veros as a preferred supplier, they will now have the ability to offer even greater benefits to their customers,” said Darius Bozorgi, President and CEO, Veros. “We look forward to working with the SWBC team and to leveraging our innovative products, compliance expertise, and outstanding customer service to support their business objectives, as well as those of their valued customers.”
"We are thrilled to have partnered with Veros Real Estate Services,” said Ted Robinson, CEO of SWBC Lending Solutions. “They are the leader in AVM modeling and technology, and our customers will benefit greatly from these innovative products.”
According to Veros, by adding VeroPRECISION to its product line, SWBC now offers “next-generation AVM decision logic technology.” Based upon machine learning in a production environment, the VeroPRECISION decision engine determines the most accurate valuation at the subject property level.
"While some valuation service providers actually compete directly with their partners, Veros is committed to supporting our partners completely and providing them with the resources they need to succeed,” said Robert Walker, CMB, CMT VP of Sales at Veros. “Our sales and support personnel serve as an extension to our partners’ teams, providing them with the resources they need for optimal efficiency and profitability.”