LCG to Integrate Veros Analysis Solution for Risk Assessment

""Veros Real Estate Solutions"":http://www.veros.com/ announced Monday that mortgage risk management firm ""Lenders Compliance Group"":http://www.lenderscompliancegroup.com/ (LCG) will utilize Veros' collateral integrity analysis (CIA) for risk assessment.

[IMAGE]

CIA uses technology to analyze, detect, and accurately identify high-risk transactions while minimizing false positives. Multiple data sets are aggregated from a range of vendors to provide information needed to evaluate risk exposure into a single report.

[COLUMN_BREAK]

According to a release from Veros, LCG will use CIA for pre-funding and post-closing audits, early payment defaults, high default due diligence, and warehouse bank and portfolio reviews.

""The collaboration between Veros and Lenders Compliance Group is timely for my firm, inasmuch as we have sought to implement a reliable technology that provides statistically significant data about collateral valuation,"" said Jonathan Foxx, president and managing director of LCG. ""For instance, clients retain us to provide a better understanding about loan performance and remedial action, and Veros' CIA solution enables us to combine unique valuation findings with our own loan analytics and regulatory reviews.""

Veros Real Estate Solutions combines predictive technology, data analytics, and industry expertise to deliver advanced automated decisioning solutions. The company is based in Santa Ana, California.

Lenders Compliance Group is a full-service mortgage risk management firm based in Long Beach, New York.