Latest news with #Veros
Business Wire
4 days ago
- Business
- Business Wire
Veros Publishes New Research Paper on Optimizing AVM Testing Methodologies
SANTA ANA, Calif.--(BUSINESS WIRE)-- Veros Real Estate Solutions (Veros®), a leading provider of collateral property valuation and risk management solutions, has released a groundbreaking new research paper which examines prevailing methodologies for testing the accuracy and performance of Automated Valuation Models (AVMs), a vital tool in the housing finance market. The paper, titled " Optimizing AVM Testing Methodologies," was thoroughly researched by Veros' Senior Research Economist, Reena Agrawal. It highlights key challenges and proposes an improved approach that aligns with real-world mortgage lending practices. "Some current AVM testing practices have inherent biases that can skew performance evaluations and misrepresent real-world accuracy." — David Rasmussen, EVP Operations at Veros Share As AVMs continue to play a critical role in property valuations for housing finance and risk assessment, the accuracy of AVM testing methodologies is increasingly under scrutiny. Veros' research paper provides an in-depth analysis of three testing approaches— purchase transactions testing, refinance/HELOC appraisal testing, and pre-MLS listing testing —assessing their strengths, limitations, and influences on reported AVM performance metrics such as P10 and hit rate. Key findings from the research paper include: Data Access & Timing Matter – A representative and accurate evaluation hinges on when the test is conducted and how much information the AVM can access. AVM Use Cases Matter – This paper emphasizes the critical importance of considering AVM use cases when evaluating AVM performance. A New Approach – This research aims to address some common and previously unchallenged opinions on AVM testing as it aims to significantly enhance the transparency and applicability of AVM testing results. "Some current AVM testing practices have inherent biases that can skew performance evaluations and misrepresent real-world accuracy," said David Rasmussen, EVP Operations at Veros. "The research by our Senior Research Economist underscores the need for a standardized, data-driven approach that aligns with how AVMs are actually used in lending decisions. By introducing a methodology that evaluates true AVM performance, we can ensure a more level playing field and improve the market's understanding and confidence in automated valuations." The research paper underscores the importance of continuous validation and the need for testing methodologies to evolve alongside advancements in technology and data availability within the property valuation spectrum. By challenging existing assumptions and proposing a more representative testing framework, this research contributes to a deeper understanding of AVM capabilities and their role in the housing finance market. Veros invites industry stakeholders, lenders, regulators, and AVM providers to review the research paper and join the discussion on refining AVM testing standards. The full research paper is available for download at: AVM Method Testing on VeroVALUE A mortgage technology innovator since 2001, Veros is a proven leader in enterprise risk management and collateral valuation services. The firm combines predictive technology, data analytics, and industry expertise to deliver advanced automated solutions that control risk and increase profits throughout the mortgage industry, from loan origination to servicing and securitization. Veros' services include automated valuation, fraud and risk detection, portfolio analysis, forecasting, and next-generation collateral risk management platforms. Veros is the primary architect and technology provider of the GSEs' Uniform Collateral Data Portal® (UCDP®). Veros also works closely with the FHA to support its Electronic Appraisal Delivery (EAD) portal. The company is also making the home-buying process more efficient for our nation's Veterans through its appraisal management work with the Department of Veterans Affairs. For more information, visit
Business Wire
15-05-2025
- Automotive
- Business Wire
KBRA Assigns Preliminary Ratings to Veros Auto Receivables Trust 2025-1
NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to four classes of notes issued by Veros Auto Receivables Trust 2025-1 ('VEROS 2025-1'), an auto loan ABS transaction. This transaction represents Veros Credit LLC ('Veros' or the 'Company') first term ABS securitization of 2025 and eighth overall. VEROS 2025-1 will issue four classes of notes totaling $238.49 million. The Notes are collateralized by a pool of auto loan contracts originated on an indirect basis mainly through independent auto dealers. Veros is a privately-owned indirect auto finance company based in California. The Company was founded in 1998 as Credit One Corporation and rebranded as Veros Credit LLC in 2010. Based on financials provided by the Company, Veros has been profitable since inception. As of March 31, 2025, Veros operates in 27 states and has a loan portfolio with an aggregate outstanding balance of $620.2 million. KBRA applied its Auto Loan ABS Global Rating Methodology, as well as its Global Structured Finance Counterparty Methodology and ESG Global Rating Methodology as part of its analysis of the static pool data and the underlying collateral pool and stressed the capital structure based upon its stress case cash flow assumptions. KBRA considered its operational review of Veros as well as several business updates with the Company since that time. Operative agreements and legal opinions will be reviewed prior to closing. To access ratings and relevant documents, click here. Click here to view the report. Methodologies Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at About KBRA Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Doc ID: 1009463
Yahoo
12-03-2025
- Business
- Yahoo
Veros Launches ValuSTREAM: An Optimized Independent Third-Party Tested AVM Cascade
SANTA ANA, Calif., March 12, 2025--(BUSINESS WIRE)--Veros Real Estate Solutions (Veros®), a leader in risk management and collateral valuation services, is pleased to share with the housing finance industry ValuSTREAM™, an advanced automated valuation model (AVM) cascade solution. This new solution is now available through VeroSELECT® and Valligent via Acuity and other direct integrations. ValuSTREAM ensures reliability and performance with independent, third-party AVM testing conducted quarterly for rigorous due diligence. This testing, Powered by CoreLogic® OptiVal®, leverages both purchase and non-purchase data to optimize AVM performance. With ValuSTREAM, lenders gain the peace of mind of a fully managed solution: they simply order the product and never worry about constantly making changes to their cascade presences, as it's set for them and regularly updated based on the OptiVal testing. OptiVal operates as an independent AVM testing unit within CoreLogic and is vendor agnostic, meaning it relies solely on real-world testing data to identify the best AVMs. This advanced cascade solution refines AVM selection at the county level, ensuring location-specific valuation precision and continuous updates that adapt to shifting market conditions. The results give mortgage lenders and real estate professionals the confidence to make informed decisions. "Lenders need valuation solutions that provide transparency and performance they can trust. By continuously refining AVM selection at the county level and ensuring the highest standards of data integrity, we are delivering a solution that enhances underwriting efficiency and reduces valuation risks," said Eric Fox, Chief Economist and Senior Vice President of Analytics at Veros. Veros' latest solution redefines how AVM cascades operate by offering tailored valuation strategies that align with specific business objectives. Whether prioritizing accuracy, maximizing market coverage, or achieving a balanced approach, ValuSTREAM provides a flexible framework that can fulfill varying needs. It also meets compliance standards, making it a trusted choice for financial institutions navigating regulatory requirements. "As the industry-leading AVM cascade solution, CoreLogic's OptiVal is the ideal solution to support ValuSTREAM. Our unique data, analytics, and cascade management will provide an ideal offering for clients who need a proven, compliant offering to address their lending needs," said Sage Nichols, SVP, Collateral and Risk Solutions at CoreLogic. ValuSTREAM sets a new benchmark in AVM-driven valuations, enabling mortgage lenders and investors to make faster, smarter business decisions. About Veros Real Estate Solutions (Veros®) A mortgage technology innovator since 2001, Veros is a proven leader in enterprise risk management and collateral valuation services. The firm combines predictive technology, data analytics, and industry expertise to deliver advanced automated solutions that control risk and increase profits throughout the mortgage industry, from loan origination to servicing and securitization. Veros' services include automated valuation, fraud and risk detection, portfolio analysis, forecasting, and next-generation collateral risk management platforms. Veros is the primary architect and technology provider of the GSEs' Uniform Collateral Data Portal® (UCDP®). Veros also works closely with the FHA to support its Electronic Appraisal Delivery (EAD) portal. The company is also making the home-buying process more efficient for our nation's Veterans through its appraisal management work with the Department of Veterans Affairs. For more information, visit View source version on Contacts Media Contact Heather Zeller, Vice President of MarketingCommunications@ (714) 415-6300 Sign in to access your portfolio
Associated Press
12-03-2025
- Business
- Associated Press
Veros Launches ValuSTREAM: An Optimized Independent Third-Party Tested AVM Cascade
Veros Real Estate Solutions (Veros®), a leader in risk management and collateral valuation services, is pleased to share with the housing finance industry ValuSTREAM ™, an advanced automated valuation model (AVM) cascade solution. This new solution is now available through VeroSELECT ® and Valligent via Acuity and other direct integrations. ValuSTREAM ensures reliability and performance with independent, third-party AVM testing conducted quarterly for rigorous due diligence. This testing, Powered by CoreLogic® OptiVal®, leverages both purchase and non-purchase data to optimize AVM performance. With ValuSTREAM, lenders gain the peace of mind of a fully managed solution: they simply order the product and never worry about constantly making changes to their cascade presences, as it's set for them and regularly updated based on the OptiVal testing. OptiVal operates as an independent AVM testing unit within CoreLogic and is vendor agnostic, meaning it relies solely on real-world testing data to identify the best AVMs. This advanced cascade solution refines AVM selection at the county level, ensuring location-specific valuation precision and continuous updates that adapt to shifting market conditions. The results give mortgage lenders and real estate professionals the confidence to make informed decisions. 'Lenders need valuation solutions that provide transparency and performance they can trust. By continuously refining AVM selection at the county level and ensuring the highest standards of data integrity, we are delivering a solution that enhances underwriting efficiency and reduces valuation risks,' said Eric Fox, Chief Economist and Senior Vice President of Analytics at Veros. Veros' latest solution redefines how AVM cascades operate by offering tailored valuation strategies that align with specific business objectives. Whether prioritizing accuracy, maximizing market coverage, or achieving a balanced approach, ValuSTREAM provides a flexible framework that can fulfill varying needs. It also meets compliance standards, making it a trusted choice for financial institutions navigating regulatory requirements. 'As the industry-leading AVM cascade solution, CoreLogic's OptiVal is the ideal solution to support ValuSTREAM. Our unique data, analytics, and cascade management will provide an ideal offering for clients who need a proven, compliant offering to address their lending needs,' said Sage Nichols, SVP, Collateral and Risk Solutions at CoreLogic. ValuSTREAM sets a new benchmark in AVM-driven valuations, enabling mortgage lenders and investors to make faster, smarter business decisions. About Veros Real Estate Solutions (Veros®) A mortgage technology innovator since 2001, Veros is a proven leader in enterprise risk management and collateral valuation services. The firm combines predictive technology, data analytics, and industry expertise to deliver advanced automated solutions that control risk and increase profits throughout the mortgage industry, from loan origination to servicing and securitization. Veros' services include automated valuation, fraud and risk detection, portfolio analysis, forecasting, and next-generation collateral risk management platforms. Veros is the primary architect and technology provider of the GSEs' Uniform Collateral Data Portal® (UCDP®). Veros also works closely with the FHA to support its Electronic Appraisal Delivery (EAD) portal. The company is also making the home-buying process more efficient for our nation's Veterans through its appraisal management work with the Department of Veterans Affairs. For more information, visit (714) 415-6300 SOURCE: Veros Real Estate Solutions Copyright Business Wire 2025. PUB: 03/12/2025 05:30 AM/DISC: 03/12/2025 05:29 AM
Associated Press
10-03-2025
- Business
- Associated Press
Synaptics Launches Ultra-Low-Power Wi-Fi/Bluetooth/802.15.4 Triple Combo SoC Family for Embedded Edge AI IoT
NUREMBERG, Germany, March 10, 2025 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA) has extended its award-winning Veros ™ Triple Combo connectivity portfolio with the SYN461x family of ultra-low-power (ULP) Wi-Fi® 2.4/5/6 GHz, Bluetooth® 6.0 and Bluetooth Low Energy (BLE), and IEEE 802.15.4 (Zigbee®/Thread®) systems on chip (SoCs). Designed for the embedded Edge AI Internet of Things (IoT), the SYN461x is optimized for power, system integration, size, and rapid time to market while delivering Veros' characteristic outstanding rate-over-range performance and seamless interoperability. The versatile Matter-compliant SoCs offer advanced Bluetooth features, such as Channel Sounding and LE Audio—including Auracast™. The SYN461x specifically targets consumer and industrial applications and is tailored for devices such as wearables, smart watches, audio speakers and headsets, home appliances, security cameras, asset trackers, and factory automation. At EW2025? Join us in Booth #4A-259 to learn about our advances in wireless connectivity, Edge AI, and automotive display technologies. Email [email protected] for an appointment. Launched in 2024, Veros Seamless Intelligent Connectivity encapsulates decades of field-hardened technology and IoT connectivity expertise. It encompasses Synaptics' entire wireless portfolio of proven solutions characterized by performance, interoperability, coexistence, power efficiency, and bill of materials integration. Veros features built-in support for Synaptics Astra ™, the AI-Native compute platform for the IoT. 'The SYN461x family is a breakthrough addition to our Veros portfolio,' said Vineet Ganju, VP of Wireless Product Marketing at Synaptics. 'The SoCs are our first in a series designed from the ground up for ULP embedded Edge AI IoT applications. We believe their low-power architecture, software support, and low-density packaging extend our broad-market reach and position us to share in a ~$3.2 billion1 market opportunity. 'The degree of versatility required to meet the unique connectivity needs of the diaspora of diverse low-power IoT applications demands a high degree of domain expertise,' said Phil Solis, Research Director at IDC. 'Ultra-low-power and highly flexible solutions such as the SYN461x make a solid case for discrete, targeted, wireless SoCs in markets where more options are needed.' Technical highlights The SYN461x family extends Synaptics' Triple Combo series into ULP, highly optimized IoT applications where it delivers reliable connectivity of up to 50 Mbps while extending battery life and maximizing range. Features include: Up to tri-band 1×1 Wi-Fi support across 2.4, 5, and 6 GHz with power-optimized architecture Low-power Bluetooth/BLE—with Channel Sounding for precise distance measurement IEEE 802.15.4 (Thread/Zigbee) with Matter support for seamless interoperability across popular low-power networks Integrated Tx/Rx switch, LNAs, and PAs that reduce area BOM and system cost while simplifying design by only requiring a direct antenna connection Low-pin-count WLBGA package option for low-cost, plated-through-hole (PTH) PCBs (25% reduction in typical board cost) An integrated processor that offloads the host application processor to help minimize system power consumption Secure Boot to help ensure system integrity Availability The SYN461x family is available now. For more information: Get images Download product brief Contact your local sales representative About Synaptics Incorporated Synaptics (Nasdaq: SYNA) is driving innovation in AI at the Edge, bringing AI closer to end users and transforming how we engage with intelligent connected devices, whether at home, at work, or on the move. As a go-to partner for forward-thinking product innovators, Synaptics powers the future with its cutting-edge Synaptics Astra™ AI-Native embedded compute, Veros™ wireless connectivity, and multimodal sensing solutions. We're making the digital experience smarter, faster, more intuitive, secure, and seamless. From touch, display, and biometrics to AI-driven wireless connectivity, video, vision, audio, speech, and security processing, Synaptics is the force behind the next generation of technology enhancing how we live, work, and play. Follow Synaptics on LinkedIn, X, and Facebook, or visit Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements related to the company's current expectations and projections related to the anticipated performance and benefits of the Veros ™ Triple Combo connectivity portfolio products and technology, including the SYN461x. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially. Factors that could cause actual results to differ include the company's ability to successfully offer these product solutions to new markets, including the Wi-Fi and BT connectivity broad market; the company's expectations regarding technology and strategic investments and the anticipated timing or benefits thereof; and other risks as identified in the 'Risk Factors,' 'Management' Discussion and Analysis of Financial Condition and Results of Operations' and 'Business' sections of the company's most recent Annual Report on Form 10-K and the company's most recent Quarterly Report on Form 10-Q; and other risks as identified from time to time in the company's Securities and Exchange Commission reports. For any forward-looking statements contained in this press release, the company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and the company assumes no obligation to update publicly or revise any forward-looking statements in light of new information or future events, except as required by law. For further information, please contact: Media Contact Patrick Mannion Synaptics
