IRVINE, CA., October 27, 2003 – Veros Software, an industry leader in advanced mortgage technology, announced three new collateral assessment tools at the MBA 90^th Annual Convention & Expo in San Diego this past week.

Veros' booth at the 90th Annual MBA National Convention in San Diego October 19-22, 2003     Learn more about Veros new collateral valuation products

Delivering on its promise to generate automated decisioning tools providing deeper insight into collateral assessment, Veros’ customers may now receive secured valuations, collateral fraud scoring and professional-assisted AVMs. “Response from customers both old and new has been overwhelming,” stated Darius Bozorgi, President and CEO of Veros Software.

VeroVALUE Secured AVM warrants the accuracy of the AVM valuation for added security in mortgage lending from origination through the securitization process. In the event of a loss due to valuation error, VeroVALUE Secured provides true protection backed by insurance companies with a minimum A rating or higher from A.M. Best. The result, VeroVALUE Secured, will dramatically increase flexibility, speed, and security of collateral valuation.

VeroVALUE Transaction Quality (TQ) Score is a numeric indicator that is used for detecting non-standard residential property transfers to identify the likelihood of "flipping", fraud, or other potentially dangerous transfer activity. TQ Score goes far beyond the common approach of simply counting and flagging property ownership transfers, but dynamically analyzes details such as area and regional price trends, value differentials, and irregular transfer conditions for both the subject property and surrounding market area.

VeroVALUE Professional combines the speed and accuracy of the VeroVALUE AVM with the experience and expertise of a local real estate professional. Each real estate professional is presented with options including confirmation of the AVM generated value, a desktop analysis, or upgrade to a traditional valuation service such as a full appraisal. VeroVALUE Professional is a fully USPAP compliant valuation product.

For more information, please visit Veros’ collateral assessment solutions on the web at www.verovalue.com or contact Veros at (866) 458-3767.

Veros Software (www.veros.com) located in Irvine, California 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 delivers property valuations in 40 states and over 600 counties nationwide.  In addition to its market leading valuations, VeroVALUE also generates property fitness analytics, fraud detection, price trend information, secured valuations, and VeroFORECAST, an analytic tool that estimates future values and market stability.