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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.


VeroVALUE AVM Report
 

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.