Veros Software, the owner of enterprise risk management and collateral valuation services provider Veros Real Estate Solutions, has acquired Valligent, a home appraisal management company based in California.

The financial terms of the deal were not disclosed.

Valligent, which is headed by Jeff Wickham and Jeremy McCarty, provides conventional, alternative, and appraisal underwriting services.

Established in 2002, the company has built products like virtual appraisal, a compliant appraisal for addressing the demands of the digital mortgage.

Jeremy McCarty — Valligent Founder and CEO said: “Throughout our history, Valligent has been a leader in innovative property valuation solutions and technology.

“Combined with Veros’ analytics, risk tools and market position, we are together positioned to transform the approach to residential property collateral risk with an entirely new perspective.”

Valligent by joining forces with Veros Real Estate Solutions can provide a range of automated and analyst-driven collateral valuation products to meet the requirements of the entire housing finance industry.

Darius Bozorgi — Veros Software and Veros Real Estate Solutions President and CEO 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.”

  California, Darius Bozorgi, Jeremy McCarty, mortgage, risk management, USA, Valligent, Veros Real Estate Solutions, Veros Software