Veros

Veros Say Its Automated Valuation Model Isn’t Biased

Posted on by TMN Editor
Veros Real Estate Solutions, an enterprise risk management and collateral valuation services company, released new research that shows its Automated Valuation Model does not discriminate based on redlining. Experts have recently sounded the alarm on bias in home appraisals. Studies have shown that homes occupied by Black Americans are consistently undervalued compared to similar homes with white owners. Automated home appraisals are supposed to reduce the problem by removing human biases altogether, but concerns persist that the algorithm, fed human-produced data, can reproduce these problems. Further, they may be harder to spot because of the apparent objectivity of the technology. The Consumer Financial Protection Bureau introduced a rule intended to safeguard homeowners against this issue earlier this month. “While machines…

Heather Zeller Joins Veros As Marketing VP

Posted on by TMN Editor
Heather Zeller is joining mortgage tech company Veros Software as VP of Marketing, the company announced in a press release. Zeller brings more than two decades of marketing management and corporate strategy in the financial services, real estate, and fintech industries to the role. She will head marketing and communications for both Veros and appraisal management company Valligent, which Veros’ parent company acquired late last year. “With her impressive experience and professional expertise in our industry, Heather will truly be an asset to the Veros and Valligent teams,” said Darius Bozorgi, CEO of Veros Software. “Her role is a vital part of the company that will strengthen our position in the market, and further solidifies our reputation as a leader…