IRVINE, Calif.--July 1, 2003--The 3rd Annual Predictive Methods Conference, hosted by Veros Software, successfully brought together numerous mortgage lenders, rating agencies and technology providers to explore, educate, and discuss recent advances in mortgage technology.

PMC2003 has become the premier gathering place for exchanging ideas and learning about current advances in predictive technology. View the company website Check out the agenda

Over 60 market leaders from companies such as Freddie Mac, Fannie Mae, Countrywide, JP Morgan Chase, Washington Mutual, Standard & Poors, TransUnion, Factual Data, BCE Emergis, and Stewart Mortgage Information expressed their views through a variety of panel discussions and presentations on a variety of mortgage technology topics. Items discussed included: Collateral Scoring, Automated Underwriting, Forecasting Market Stability, and AVM Testing.

On Monday, Audience participation was at its highest during a discussion centered on the intricacies of a possible Collateral Score. Representatives from Fannie Mae, Washington Mutual, Standard & Poor's and JP Morgan Chase shared their opinions and fielded questions from the audience.

Tuesday afternoon focused on Valuation Forecasting and "Looking under the Hood" of Automated Valuation Models (AVMs). AVM methodologies were revealed as industry experts explained how values are generated and suggested best practices for AVM testing. White papers were presented outlining AVM testing basics all the way through advanced, multi-tiered testing procedures. "We all benefit from opening the AVM black box and standardizing testing procedures, " said Darius Bozorgi, President and CEO of Veros Software. "The information discussed was, and remains, extremely valuable for anybody using or interested in using alternative valuation products."

The objective of this annual conference is to provide the forum where mortgage lenders and vendors may openly discuss the current and future state of mortgage technology solutions (or lack thereof). By inviting all interested parties to attend and openly participate, questions are answered, solutions are discovered, and the industry as a whole advances.

About PMC2003

PMC2003 is focused on in-depth technology discussions and marketplace analysis. PMC2003 has become the premier gathering place for senior management, analysts, developers, program directors, academia, and the media to exchange ideas and learn about current advances in predictive technology. Conference information can be found at www.pmc2003.com.

PMC2003 is hosted by VEROS SOFTWARE (www.veros.com) located in Irvine, California. Veros is shaping the future of Mortgage technology through its continuous predictive technology leadership by providing innovative solutions in automated valuations with meaningful confidence scores and the highest usable hit rates available for true value in any production setting. Veros currently provides valuations in 40 states and over 600 counties nationwide. In addition to its market leading valuations, VeroVALUE also generates property fitness analytics, price trend information, and VeroFORECAST, a new analytic tool that estimates future values and market stability.