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.
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A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
8h ago -
Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
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While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
July 11 -
The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
July 11 -
Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
July 11 -
The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
July 11