Veros Acquires Valligent for Property Appraisal Services for the Mortgage Industry

Veros Software, the parent company of Veros Real Estate Solutionsan enterprise risk management and collateral valuation services company, acquired valiantexpertise management company.

Led by Jeremy McCarty and Jeff Wickham, Valligent offers traditional, alternative and valuation underwriting services. Valligent has developed new products, including virtual expertise, a compliant expertise that meets the requirements of digital real estate credit. By combining our strengths with Veros Real Estate Solutions, a full range of automated collateral valuation products are now available to meet the needs of the entire housing finance industry.

“Veros acquired Valligent to further revolutionize and push the real estate appraisal industry beyond what it is today. Together, we represent a powerful collateral valuation innovator in the market, providing a full range of collateral valuation, valuation data and analytics and risk management solutions,” says Darius Bozorgi , President and CEO of Veros Software and Veros Real Estate Solutions. “We are in a very exciting phase of rapidly expanding the range of collateral valuation products and services. Combining Veros’ data and analytical capabilities with Valligent’s valuation and brokerage capabilities will result in by a powerful and value-added combination superior to its parts.

“To meet the ever-increasing needs of our customers and their borrowers, Valligent must offer a broader range of technology-driven property valuation products, leveraging superior data and analytics, without sacrificing speed or quality. says Wickham, founder and president of Valligent. “The combined attributes of Veros and Valligent create a complete collateral valuation solution for original lenders to invest in their own portfolios or sell to GSEs, the private label securities market and the line of credit market on equity.”

“Throughout our history, Valligent has been a leader in innovative real estate valuation solutions and technologies,” added Jeremy McCarty, founder and CEO of Valligent. “Combined with Veros’ analytics, risk tools and market position, together we are positioned to transform the approach to residential property collateral risk with a whole new perspective.”