Veros and Synergistic Partnership Gives
Lenders Time-Saving AVM Reports through SharperLending™ Platform
Lenders and brokers can close loans faster
with quality
AVM reports
IRVINE, Calif.--April
21, 2003--Veros Software and Synergistic Software Systems announced today that lenders
can now order Veros' VeroVALUE automated valuation model (AVM) reports through the
SharperLending™ online platform. Lenders can save time and reduce costs of closing
a mortgage loan by ordering reports from Veros and other service providers through
SharperLending.
Veros delivers the industry's most
accurate automated valuations with meaningful confidence scores and the highest
usable hit rates available for true value in any production setting. VeroVALUE currently
provides valuations in 40 states and over 600 counties nationwide. In addition to
its market leading valuations, Veros also generates property fitness analytics,
price trend information, and VeroFORECAST, a new analytic tool that estimates future
values and market stability.
"Synergistic is delighted to partner
with Veros, a company at the forefront of setting new standards in AVM technology,"
said Dave Black, President and CEO of Synergistic. "We believe that Veros' expertise
in advanced analytics and accurate property values enhances the value of Synergistic's
Electronic Partner Network. Together we can help lenders save time and reduce costs
by providing quality AVM reports delivered in seconds."
Synergistic's technology already
serves 18,000 lenders nationwide. A growing number of them have access to its new
SharperLending system - a Web-based platform where lenders can order, store and
manage all the reports they need to close a loan.
The SharperLending system gives lenders
a choice of reports, including Credit, Flood, Title, Appraisal, and AVM, all in
the same place from a variety of quality service providers. Lenders can access reports
online anytime or anywhere, and SharperLending uses tested and proven technology
to keep client information and loan data secure. SharperLending is free for lenders
and brokers to use - no set up fees, minimum charges, or software to buy or maintain.
The only cost is for the reports they order.
"We are very pleased to offer our
AVM through Synergistic's innovative SharperLending platform," said Darius Bozorgi,
President and CEO of Veros. "This partnership will extend our reach to customers
looking for full-service and seamless document management accessible through a high
quality, dynamic and cutting-edge system."
About Veros
Veros Software Inc. (
www.veros.com ), located in Irvine, California, is a leader in predictive
technology development and implementation. Veros is focused on building decision-support
software applications for the real world that allow clients to formulate accurate
and informed business decisions that directly impact their bottom line.
About Synergistic
Synergistic Software Systems, Inc. is a leading independent technology company serving
the mortgage industry. Located in Spokane, Washington, Synergistic was founded in
1989 and was the first to offer a complete browser-based mortgage credit reporting
system on the Internet, which now processes over half a million reports each month.
Synergistic extends this technology with its new SharperLending system. For information,
see
www.SynergisticSoftware.com or www.SharperLending.com.
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