Veros Real Estate Solutions (Veros) has been awarded the U.S. Department of Veterans Affairs (VA) Appraisal Management Services contract.
Through this contract, Veros will provide appraisal solutions as part of VA Home Loan Guaranty program, enhancing VA’s appraisal process and increasing the efficiency of how military veterans obtain home loans, Veros announced in a press release.
“The Department of Veterans Affairs fulfills the American dream of homeownership for our nation’s veterans. It’s an honor for Veros to be selected for our valuation expertise and risk management capabilities to enable a more efficient VA loan process,” Veros CEO and President Darius Bozorgi said in the release. “Through our solutions and fueled by our admiration for those who have served our nation, we look forward to helping Veterans realize that dream.”
Veros said it will focus on efficiencies related to the appraisal scheduling, tracking and completion process, and also will work with VA to enhance collateral data collection, risk review analytics, and reduce the overall risk associated with VA loans.
“We look forward to benefiting from the experience Veros has amassed in working with the GSEs and FHA,” said Jeffrey London, executive director of VA’s Loan Guaranty Service.