Veros Software, the parent company of Veros Real Estate Solutions, an enterprise risk management and collateral valuation services company, has acquired Valligent, an appraisal management company.
Led by Jeremy McCarty and Jeff Wickham, Valligent offers traditional, alternative and appraisal underwriting services. Valligent has developed new products, including the virtual appraisal, a compliant appraisal that meets the demands of the digital mortgage. By combining forces with Veros Real Estate Solutions, a full spectrum of automated collateral valuation products is now available to meet the needs of the entire housing finance industry.
“Veros acquired Valligent to further revolutionize and drive the property valuation industry beyond where it is today. Together, we represent a powerful collateral valuation innovator in the market, providing a full spectrum of appraisal, valuation data and analytics and related collateral risk management solutions,” says Darius Bozorgi, president and CEO of Veros Software and Veros Real Estate Solutions. “We are in a very exciting phase in the rapid expansion of the collateral valuation spectrum of products and services. Combining Veros’ data and analytic capabilities with Valligent’s appraisal and broker capabilities will result in a powerful and value-added combination greater than its parts.”
“To meet the ever-growing needs of our customers and their borrowers, Valligent needs to offer a wider array of technology-driven property valuation products leveraging superior data and analytics, without sacrificing speed or quality,” states Wickham, Valligent’s founder and president. “The combined attributes of Veros and Valligent creates a complete collateral valuation solution for originating lenders for investing in their own portfolios or selling to the GSEs, private-label securities market and the home-equity-line-of-credit market.”
“Throughout our history, Valligent has been a leader in innovative property valuation solutions and technology,” adds Jeremy McCarty, Valligent’s founder and CEO. “Combined with Veros’ analytics, risk tools and market position, we are together positioned to transform the approach to residential property collateral risk with an entirely new perspective.”