We Help Your Business Succeed Through Property Valuation Insight, Real Estate Analytics & Collateral Management
Veros is the go to source for comprehensive property valuation and risk assessment solutions for mortgage lenders, servicers, rating agencies and the investment community, both private and government sponsored.
We Help Your Business Succeed Through Property Valuation Insight, Real Estate Analytics & Collateral Management
Veros is the go to source for comprehensive property valuation and risk assessment solutions for mortgage lenders, servicers, rating agencies and the investment community, both private and government sponsored.
Property Valuations​
Real Estate Analytics​
Collateral Risk Management​
What We Do
Veros provides insight through our solutions for comprehensive property valuation and risk assessment to mortgage lenders, servicers, rating agencies and the investment community, both private and government-sponsored. The company excels as the premium provider of automated valuation models (AVMs), as well as residential market forecasts, home price indices, market risk scoring tools and mark-to-market methodologies. These solutions provide clients with the capacity for more proactive portfolio management, increased conversion rates and deeper insights into potentially risky scenarios earlier in the transaction.Â
Our Commitment to You
Veros is committed to providing the valuation and collateral risk management solutions to help our clients meet the demands of complex industry regulations, as well as quickly and successfully adapt to the evolving mortgage landscape for profitable business results. The entire Veros team works to provide innovative solutions to address the modern, evolving needs in the real estate and mortgage industries.Â
Our Mission
To empower mission-critical housing finance decisions and risk management by delivering next-gen real estate technology, data, and analytics.
The Company
Since 2001, Veros has been innovating predictive technology, data analytics, and industry expertise to deliver advanced automated solutions that control risk and increase profits throughout the mortgage industry.
Background
Veros holds a leading role in providing collateral valuation solution for the mortgage industry. Veros is a team of high performers committed to excelling as the premium provider of automated valuation models (AVMs), and as an insight leader in real estate and mortgage analytics.
The Future
Veros continues to focus on combining our predictive analytic prowess with our industry expertise to create advanced forms of valuation and collateral risk management solutions. Our platform solutions enable companies to better predict and control portfolio risk, mortgage fraud, and regulatory compliance all with the streamlined efficiency created by industry solution experts.
Our Leadership
Darius Bozorgi
Darius Bozorgi, President and Chief Executive Officer for Veros Real Estate Solutions (Veros®), is a highly accomplished and esteemed professional with unsurpassed knowledge in valuation technology, predictive analytics, and decision-support technology applications. Under Darius' visionary leadership, Veros has consistently garnered recognition as a top financial services technology company.
Beyond his role at Veros, Darius served on the Boards of Directors for the Real Estate Information Professionals Association. He played a pivotal role as a founding member and Chairman of the Collateral Assessment Technologies Committee, further showcasing his commitment to advancing the industry through cutting-edge technology solutions. Additionally, Darius' expertise and industry knowledge have made him an invaluable member of the Mortgage Bankers Association's Risk Management, and Quality Assurance and Mortgage Analytics committees. By applying his extensive experience, Darius has helped transform U.S. Housing Finance by facilitating the transmission of standardized loan-level data into the Secondary Mortgage Markets, leading Veros as the officially selected technology provider for Fannie Mae® and Freddie Mac's® Uniform Collateral Data Portal® (UCDP®), Federal Housing Administration's (FHA) Electronic Appraisal Delivery (EAD) portal, as well as the Appraisal Management System (AMS) for the U.S. Department of Veterans Affairs (VA).
Darius has repeatedly led Veros to become selected as one of HousingWire's Top Mortgage Technology Companies, a testament to his commitment to innovation and excellence. In 2010, Veros was honored with Mortgage Technology Magazine's prestigious Synergy Award for its technological innovations in the mortgage industry. Additionally, in 2014, Veros received the Transforming Valuations Award for its remarkable achievements in property valuations.
Due to Darius' extensive knowledge of property valuation trends and practical applications of predictive technology, he is frequently invited to share his insights at prestigious events coordinated by esteemed organizations, including the Mortgage Bankers Association (MBA), the American Conference Institute, the Opal Group, the Structured Finance Association, the Predictive Methods Conference, the National Association of Realtors (NAR), and the Risk Management Association. Additionally, he is regularly sought after by prominent media outlets such as Bloomberg, Reuters, CNBC, USA Today, and The Wall Street Journal for his expert commentary. Darius' comprehensive and proficient contributions continue shaping the industry and driving it toward new heights.
After practicing law for several years, Darius co-founded Veros in 2001. He has received accolades, including the Top 40 under 40 Award from October Research Corporation and the 2011 Technology All-Star recognition honor from Mortgage Banking Magazine for his exceptional thought leadership.
Darius has a Juris Doctor from Chicago-Kent College of Law and a bachelor's degree from the University of Michigan, Ann Arbor. He is also a registered investment advisor for the State of California.Â
President & Chief Executive Officer
Bijan Bozorgi
Bijan Bozorgi, Chief Financial Officer for Veros Real Estate Solutions (Veros®), is a highly experienced finance professional with over 25 years of expertise in finance, stocks, commodities, options trading, investment markets, and start-up companies. He has a strong entrepreneurial background, having founded and managed his own CFTC Futures Commission Merchant and NASD Broker/Dealer, later acquired by Shearson Lehman Brothers in 1987. Prior to his entrepreneurial ventures, Bijan held the positions of Vice President of Investments and Financial Consultant at Salomon Smith Barney. Throughout his professional career, he has successfully raised equity investments from individual investors and large institutions, demonstrating his ability to secure capital for various ventures. He has also served on multiple boards of directors and is currently a board member of Credit One Corp. Bijan brings a wealth of experience and knowledge to the finance industry, making him an invaluable asset. His track record of achievements and contributions demonstrates his ability to navigate the complexities of finance to deliver successful financial outcomes.
Bijan has a bachelor’s of science degree in electrical engineering from Sharif University of Technology, Iran.
Chief Financial Officer
Charles Rumfola
Chuck Rumfola, Executive Vice President and Chief Revenue Officer for Veros Real Estate Solutions (Veros®), plays a crucial role in driving the company's overall growth. With his exceptional strategic abilities, he is responsible for identifying new business initiatives and developing and managing programs that contribute to Veros' expansion. Chuck's expertise lies in building solid relationships with government and non-governmental agencies that hold significant influence in the U.S. housing market. His ability to navigate and establish connections within these sectors has been instrumental in Veros' success. Before joining Veros, Chuck held an impressive 20-year tenure at Fannie Mae®, where he held multiple strategic leadership roles in Single-Family Business and Capital Markets. His contributions to Fannie Mae were instrumental in shaping credit and pricing strategies. Chuck is a dynamic leader who consistently delivers outstanding results. His deep understanding of the housing market and ability to cultivate strong relationships make him an invaluable asset to Veros.
Chuck has a master's degree with a concentration in finance from the University of Maryland. He also holds a bachelor’s degree from the University of California, Santa Barbara.
Executive Vice President & Chief Revenue Officer
David Rasmussen
David Rasmussen, Executive Vice President of Operations for Veros Real Estate Solutions (Veros®), is responsible for the operational logistics of Veros' numerous real estate data, systems, and analytics strategies. With over 20 years of experience in the mortgage industry, David directs Veros' advancement of mortgage-related enterprise risk management systems as well as collateral valuation products and services. Focusing on customer-centric business development and product deployment strategies, David works to expand industry understanding and access to these innovative tools. David also oversees Veros' legal and compliance, client services, human resources, valuation departments, and Veros' project management office.
Rasmussen is MCSE certified and has a bachelor's degree from Brigham Young University.
Executive Vice President, Operations
Peter Aiyavoo
Peter Aiyavoo, First Vice President of Data Analytics and Engineering for Veros Real Estate Solutions (Veros®), has over 30 years of experience in software design and development, data architecture, database technologies, data/database management, and analytics. He has over 20 years of experience in residential real estate data and automated valuation models (AVMs). Peter leads the data/database management, operations, and analytics at Veros. Peter has extensive consulting experience with Fortune 500 companies and has also managed offshore developments.
Peter graduated from Bharathidasan University, India, and is an Oracle Certified Professional (OCP).
First Vice President, Data Analytics & Engineering
Eric Fox
Eric Fox, Chief Economist and Senior Vice President of Analytics for Veros Real Estate Solutions (Veros®), provides expert leadership in predictive technologies, economic modeling methodologies, and collateral valuation forecasting. He brings over 30 years of experience to his role, including statistical and econometric modeling, probabilistic life methodology development, statistical training, probabilistic design software development, and probabilistic financial analysis.
Eric has published more than twenty technical papers on probabilistic and statistical methods. He has a master's degree in statistics and bachelor's degree in mathematics and economics from Purdue University.
Chief Economist & Senior Vice President, Analytics
Kash Deliwala
Kash Deliwala, Senior Vice President of Information Technology for Veros Real Estate Solutions (Veros®), has over 25 years of diverse experience designing, developing, and supporting advanced technology-enabled business solutions.
Kash is responsible for overall information technology management, including information security and infrastructure operations supporting the company's SaaS products. He leads the teams responsible for hardware, network, software, and data centers and provides technology leadership to deliver scalable, stable, and secure SaaS products. Kash has been with Veros since 2011 and has successfully executed multiple cost-saving technology transformation projects. Prior to joining Veros, Kash worked for the County of Riverside, where he developed a Public Safety data warehouse that allowed various jurisdictions to share information that provided up-to-date intelligence and accurate regional crime statistics.
Kash has master’s and bachelor’s degrees in business administration from California State University, Fullerton, and a bachelor’s degree in advanced statistics and accounting from Gujarat University, India. He also published an article on Open Innovation in the Journal of Global Commerce Research.
Senior Vice President, Information Technology
Jocelyn Gaw
Jocelyn Gaw brings over 20 years of executive leadership experience in software architecture and engineering to her role as Senior Vice President of Engineering at Veros. With over two decades of experience in the real estate and mortgage industries, Jocelyn is a seasoned leader in technology. In her current capacity, she oversees the company's product engineering teams and manages all aspects related to product engineering, including software development, quality assurance, release management/DevOps, and site reliability engineering.
Throughout her impressive career, Jocelyn has held significant roles at renowned organizations such as New American Funding, Mr. Cooper, Black Knight Financial Services, and Fidelity National Financial. Her leadership extends beyond borders, as she has successfully managed global technology teams across the U.S., Switzerland, India, Hong Kong, and the Philippines.
Jocelyn is recognized for her technological aptitude and her ability to drive results on a global scale. She is dedicated to delivering high-quality outcomes while fostering a culture of accountability and creativity within her teams. With her wealth of experience and proven track record, Jocelyn continues to lead Veros' engineering efforts with vision, passion, and excellence.
Senior Vice President of Engineering
Sarah Acosta
Sarah Acosta, Senior Vice President of Product and Data Operations for Veros Real Estate Solutions (Veros®), hasover 24 years of data and analytics experience, with most of her tenure managing data strategy, operations, and launching innovative products across the real estate and mortgage industry.
Over the course of her career, she has designed and set up data operations from scratch as well as refreshed and migrated outdated tech stacks to ensure scalability, continued innovation, and cost savings. Sarah has designed and launched new revenue-driving products as well as internal and external APIs and other model-driven automation, bringing cost savings and value additions to organizations. Wearing many hats over the years, she has the unique capability of rolling up her sleeves and digging into the data as a subject matter expert while also providing executive-level strategic leadership, legal and contractual oversite, managing the business line/P&L, launching new innovative products through the extensive voice of the customer research, and building and maintaining strategic customer and vendor relationships.
Senior Vice President, Product & Data Operations
Michele Fazio
Michele Fazio, Senior Vice President of Project Management for Veros Real Estate Solutions (Veros®), has over 20 years of experience managing and building Enterprise Project Management Offices (EPMOs). Michele is instrumental in leading all strategic and portfolio planning initiatives and managing programs for Veros while building and maintaining strategic customer and vendor relationships such as Fannie Mae’s Uniform Collateral Data Portal® (UCDP®), Federal Housing Administration (FHA), and Veterans Affairs (VA). Prior to joining Veros, Michele was a Director of an IT PMO building global data centers focused on mergers and acquisitions along with integrations that empowered Fortune 500 companies to excel through the development of PMO centers of excellence leveraging her PgMP, PMP, CSM, and ITIL v3 certifications.
Michele has a bachelor's degree in project management and is a Judging Committee member for the PMO Global Alliance.
Senior Vice President, Project Management Office
Robert Walker
Robert Walker has more than 20 years in the analytics and automated valuation model (AVM) space for residential real estate. He has built a solid reputation for product innovation, providing market insight, and anticipating customer needs. As Senior Vice President of Sales for Veros Real Estate Solutions (Veros®), Robert is responsible for leading the company's sales team and market strategy, driving innovation, and creating a disruptive force in the market.
Robert has a master's degree from Columbia University Graduate School of Business and holds a bachelor's degree in economics from Vanderbilt University. In addition, he has the honor of holding a Certified Mortgage Banker® (CMB®) and Certified Mortgage Technologist (CMT) designation.
Senior Vice President, Sales
Jeffrey Hogan
Jeff Hogan, Senior Vice President of Valuations for Veros Real Estate Solutions (Veros®), is a highly experienced and state-certified real estate appraiser with over 30 years of expertise. He serves as our principal expert and leader in residential property appraisals and valuation solutions. Jeff plays a vital role in developing and improving our automated appraisal-scoring tools, analytics products, portals, and systems. In addition, Jeff is responsible for reviewing and analyzing real estate property valuation data, evaluating product performance, and providing recommendations for rule modifications. Before joining Veros, Jeff held senior reviewer appraiser and leadership positions at the Banc of California, Bank of America, and Citigroup. Â
Jeff has a master’s degree from the University of Redlands and a bachelor's degree from Cal State Fullerton University. He is also a designated member of the Appraisal Institute and holds the SRA and AI-RRS designations.Â
Senior Vice President, Valuations
Jayanthi Devakkumar
Jayanthi Devakkumar, Vice President of Software Quality Assurance for Veros Real Estate Solutions (Veros®), has over 24 years of experience focusing on quality assurance and automation for enterprise applications in managerial and developmental roles. As a dynamic person passionate about quality, Jayanthi's responsibilities include providing results-oriented leadership and overall strategic direction to the quality assurance team that supports Veros in delivering and sustaining high-quality applications in a highly accountable environment where quality makes an impact.
Prior to joining Veros, Jayanthi worked as a Senior QA Analyst at ACC Capital Holdings, where she was actively involved in developing automation scripts for their loan origination applications. She started her career as a developer using Microsoft technologies. She has held positions as a Programmer and Systems Analyst in DSQ Software Ltd., India, a SEI-CMM Level 5 Company, where she also had overseas assignments interacting with clients directly during the requirements gathering phase. Her design and development, system analysis experience, and automation experience in her earlier years have immensely helped in organizing and leading an optimally performing software quality assurance team that follows QA best practices and takes a proactive approach to ensure early detection of software bugs to improve quality and productivity, and reduce cost, cycle time, and maintenance efforts.
Jayanthi has a bachelor's degree in engineering and a post-graduate diploma in computer applications. In addition, she has participated in and attended many software training courses.
Vice President, Software Quality Assurance
Anupama J. Naidu
Anu Naidu, Vice President of Legal for Veros Real Estate Solutions (Veros®), oversees all legal affairs and compliance matters for Veros and has over 15 years of international corporate legal experience. Prior to joining Veros, she started her legal career in 2004 as a Corporate Finance Associate at Sidley Austin LLP. Eventually, she became Vice President of Barclays (in the Office of General Counsel) and the Head of Legal of Gain Credit (a global fintech company).
Anu has degrees from Tufts University, Columbia University, and Emory University. Anu is also on the Board of the Institute of Contemporary Art of San Diego and the Advisory Board of Unity4Orphans in San Diego. She is an active member of TechGC and SunLaw.
Vice President, Legal
Kandi Bisson
Vice President, Accounting
Heather Gascon
Vice President, Human Resources
Heather Zeller
With over 25 years of marketing, product marketing, and corporate strategy experience in the financial services, real estate, and fintech industries, Heather Zeller leads Veros Real Estate Solutions' (Veros'®) and Valligent's marketing team. Heather's responsibilities include collaborating with cross-functional leaders on strategy, go-to-market, growth initiatives, and all brand and marketing.
Heather has master certifications in product marketing from the Product Marketing Alliance and essentials of product marketing from Cornell University. In addition, she has a master’s degree in business administration and bachelor of science degree in business administration and economics from Regis University.
Vice President, Marketing
Recognized for Excellence
Veros provides insight through our solutions for comprehensive property valuation and risk assessment to mortgage lenders, servicers, rating agencies, and the investment community, both private and government-sponsored. The company excels as the premium provider of automated valuation models (AVMs), as well as residential market forecasts, home price indices, market risk scoring tools and mark-to-market methodologies. These solutions provide clients with the capacity for more proactive portfolio management, increased conversion rates, and deeper insights into potentially risky scenarios earlier in the transaction.
2024 – 2014 HW TECH100 Most Innovative
Veros honored with “Most Innovative Technology Companies in Housing” and “Most Influential” awards.
10 Years of Recognition
2021 – 2022 Great Place to Work Certificationâ„¢
Veros earns recognition as one of the Great Place to Work Certificationâ„¢
2020 Best Places To Work
Earning recognition as one of the 2020 Best Places to Work in Orange County
2019 HW VANGUARD
Veros’ President & CEO, Darius Bozorgi honored with HW Vanguard award by HousingWire Magazine.
2014 MT Transforming Valuations Award
Recognized for technology advancement in the appraisal, broker price opinion or automated valuation sectors.
2014 Top 50 Service Providers
Veros named to Mortgage Technology magazine’s 2014 “Top 50 Service Providers” list.
Years Recognized: 2010, 2013, 2014
2011 Tech All-Star Award
Our CEO, Darius Bozorgi was named a 2011 “Mortgage Banking Tech All-Star”.
2010 Synergy Award
Veros named winner of coveted Mortgage Technology Synergy award for six consecutive years.Â
2007 Top 40 under 40
Veros’ CEO, Darius Bozorgi, was selected as an October Research Corporation Top 40 Under 40.
2006 | Top 25 Vendors
2005 | Top 100 Vendors
Top 25 Mortgage Technology Vendors
Top 100 Mortgage Technology Vendors
Industry Compliance
We Engineer Compliance-Focused Solutions
Compliance is perhaps the mortgage industry’s most prevalent business concern, largely due to an ever-increasing number of regulations, a continued need to understand the specific expectations to be in compliance with new legislation, and the strong desire to avoid repeating any missteps that led to the market meltdown.
Veros makes compliance a priority and we engineer our analytic tools, systems, technology infrastructure and internal protocols to align with the compliance expectations of the industry’s largest and most heavily audited participants.
Veros’ Compliance and Audit Department executes an annual audit and risk management plan. The plan aims to identify risks throughout Veros which may impact the company and its clients through risk assessments, and carries out any needed remediation steps to improve internal controls. This group also facilitates client audits and supports the external audit firms in their execution of the annual SSAE 16 and FISMA compliance audits. The SSAE 16 audit period covers January through December each year and the FISMA compliance attestation is issued every three (3) years.
Veros leverages two separate data centers in two states to ensure disaster recovery and business continuity during natural disasters while ensuring minimum impact to our systems and clients. Data is replicated in multiple servers to ensure data availability and is backed up on a daily basis and securely transported by a reputable company to be stored in a secure location. Our collocation data centers are managed by an industry-leading data center management company. The data centers offer state-of-the-art technology and 24-7-365 guards to maintain security. These controls are audited annually by Veros and its independent auditors.
Veros system security is independently verified and validated by various independent auditing firms through annual security compliance assessments as well as annual system security vulnerability audits. Veros is fully compliant with the requirements of the Federal Information Security Management Act (FISMA) of 2002 and has taken steps to formally certify its system security compliance in regard to confidentiality, integrity and availability of information by an independent third party in accordance with NIST 800-53, FIPS 199 and FIPS 200 standards.
Veros has implemented policies and procedures to ensure data privacy including periodic Privacy Impact Assessment and security of information when accessed remotely, and stored offsite or on portable media in accordance with the Office of Management and Budget (OMB) M-06-16 requirements. Further, the company maintains various security and operations policies and procedures and deploys various tools to maintain the company’s security posture. These controls are periodically reviewed by Veros’ Compliance and Audit Department to ensure security and privacy of information are maintained.
The purpose of the Voluntary Product Accessibility Template, or VPAT, is to assist Federal contracting officials and other buyers in making preliminary assessments regarding the availability of commercial “Electronic and Information Technology” products and services with features that support accessibility. Veros remains dedicated to accessibility and will provide additional contact information to facilitate more detailed inquiries.
See Veros’ summary view of the Section 508 standards.
Â
VeroVALUE is an automated valuation model (AVM) developed by Veros Real Estate Solutions. VeroVALUE provides an estimated value of a property based on key characteristics of the home, a variety of local market factors, as well as recent and nearby sales in the surrounding area.Â
Through the mortgage loan application process, your lender may have requested a VeroVALUE report on the address that is the subject of your loan application. In accordance with Consumer Financial Protection Bureau (CFPB) regulations, this report is being provided to help you better understand the information that may have been used in the lender’s consideration of your application.
Learn more about CFPB compliance and VeroVALUE Automated Valuation Model (AVM) Value Estimates
With the increasing need to validate compliance with regulatory institutions, Veros participates in providing the needed due diligence information on products and services being used or evaluated by existing and prospective clients, respectively.
Please complete the form below to request due diligence documentation from Veros. A representative will contact you to ensure your request has been received and that the necessary documentation will be provided. Please note, a non-disclosure agreement may be required dependent upon the nature of the information requested.Â
If you have a specific questionnaire that your organization requires, please email your request to diligence@veros.com
Meet Our Team At These Events
October 23 - 25, 2023
NRMLA 2023 Annual Meeting and Expo
NRMLA’s Annual Meeting and Expo is the largest annual gathering for the reverse mortgage industry, so it’s an event you won’t want to miss.
October 15 - 18, 2023
MBA Annual Convention & Expo
Everyone who’s anyone in single-family real estate finance should be there.
October 1-4, 2023
ACUMA Annual Conference
Join the largest gathering of credit union mortgage lenders in the United State
September 14-16, 2023
NAAMBA Connect 23
NAMMBA CONNECT: THE ULTIMATE EXPERIENCE
The Real Estate Finance Industry Event of the Year!