Charles Rumfola Joins Veros Real Estate Solutions

January 12, 2012

Tools

Former Fannie Mae VP of Single-Family joins as SVP Strategic Initiatives

SANTA ANA, Calif.--(BUSINESS WIRE)-- Veros Real Estate Solutions (Veros), an industry leader in collateral valuation technology, enterprise risk management, and predictive analytics, announced today that Charles (Chuck) Rumfola has joined the company as senior vice president of strategic initiatives.

Rumfola joined Fannie Mae in 1992 and most recently served as vice president of single-family strategic initiatives. Part of his responsibilities included leading the Uniform Mortgage Data Program (UMDP), a directive from the Federal Housing Finance Agency (FHFA) to standardize appraisal data and delivery of that data electronically to Fannie Mae and Freddie Mac.

”We are honored to have Chuck join our team,” said Darius Bozorgi, president and CEO of Veros. “Chuck has made significant contributions to the mortgage industry during his tenure at Fannie Mae and I am confident his expertise and vision will further propel Veros’ growth and enhance our role in an industry that continues to navigate through an exciting period of redefinition.”

Rumfola will be primarily responsible for managing numerous key initiatives for Veros in the secondary markets. He will be based out of Washington, D.C.

”I’m pleased to announce my transition to Veros,” said Rumfola. “Veros is leading the charge in providing solutions that deliver much needed transparency, accountability and improved loan quality to the U.S. housing finance system. I look forward to playing an integral role in continuing that vision.”

Rumfola received an M.B.A. from the University of Maryland and a B.A. from the University of California, Santa Barbara.

About Veros Real Estate Solutions

Veros Real Estate Solutions, a proven leader in enterprise risk management and collateral valuation services, uniquely combines the power of predictive technology, data analytics and industry expertise to deliver advanced automated decisioning solutions. Its valuation platform solutions allow users to order, route and review collateral valuation products. The company optimizes millions of profitable decisions, from loan origination to servicing and securitization. Additionally, Veros provides solutions to control risk and increase profits including automated valuations, fraud and risk detection, portfolio analysis, forecasting, and next-generation collateral risk management platforms. Veros is headquartered in Santa Ana, California. For additional information, visit www.veros.com or call (866) 458-3767.