Santa Ana, Calif.-based Veros has announced the release of VeroSelect 2.0, a collateral management system that the company says delivers unprecedented capabilities to the lending industry.VeroSelect 2.0 "has redefined collateral management by providing unlimited features, options, and control within a customizable and well-designed user interface," Veros said. The intelligent, automated risk management platform gives lenders control of collateral risk strategies with the secure selection, acceptance, and management of services, vendors, users, and their own proprietary business processes, Veros said. "Lenders understand collateral risk and have the right policies in force inside their institutions, but the vast majority lacks a management system capable of dynamically administering those policies consistently across the enterprise," said Darius Bozorgi, chief executive officer of Veros. "VeroSelect 2.0 gives lenders the power to manage their [automated valuation models, broker price opinions], and appraisals all from one scalable platform." The company can be found on the Web at http://www.verovalue.com.
