Houlihan Lokey Advises Veros Software

Houlihan Lokey is pleased to announce that Veros Software, the parent company of Veros Real Estate Solutions (Veros), an industry leader in enterprise risk management and collateral valuation services, has acquired Valligent, a market-leading appraisal management company. The transaction closed on July 29, 2022.

Headquartered in Orange County, California, Veros is a proven leader in enterprise risk management and collateral valuation services. The firm combines the power of 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 Uniform Collateral Data Portal® for GSEs. Veros also works closely with the Federal Housing Administration to support its Electronic Appraisal Delivery (EAD) portal. The company is making the home-buying process more efficient for veterans as well through its appraisal management work with the Department of Veterans Affairs.

Headquartered in Roseville, California, Valligent is a leader in appraisal, alternative valuation, QC, and regulatory audit solutions. Utilizing a combination of experienced appraisal personnel, automation, powerful functionality, and mobile technology, Valligent is dedicated to making the appraisal process simple and efficient for everyone involved. Valligent provides comprehensive valuation technology expertise and services to hundreds of banks, credit unions, mortgage lenders, and insurance companies nationally. Valligent has developed a state-of-the-art valuation technology platform, fully integrated with best-in-class data providers, loan origination systems (LOS), and on-demand cloud computing platforms and API providers.

Darius Bozorgi, President and CEO of Veros Software and Veros, said, “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. 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."

Houlihan Lokey served as the financial advisor to Veros Software on the acquisition of Valligent. This deal highlights Houlihan Lokey’s long-standing reputation as a leading advisor to data and analytics providers within the real estate information sector.