Veptas Holdings, the parent of Veptas Technology Solutions Inc.
and AI-Curio Inc., has named Tony Meola, a nationally-recognized executive leader of numerous residential mortgage operations including those at Bank of America, PNC and Morgan Stanley, to Veptas’ Board of Directors, with an additional focus on developing strategic relationships for its technologies and services.
“We are very pleased to have an individual of Tony’s caliber and experience join our Board,” said John Iatesta, Veptas CEO. “Tony is uniquely qualified to assist Veptas in rolling out our technologies to the residential mortgage industry and reading the pulse of the marketplace.”
Meola said, “I am very excited to join the Veptas Team. The technologies that have been developed at both of the operating entities are world-class. The efficiency in terms of both time savings and quality control of the appraisal process, combined with the scalability to support the largest national lenders really positions the Veptas Appraisal Portal ideally to revolutionize this space in the industry. The AI-Curio technology is an innovative and unique AI platform that features a data normalization tool that will enable reliable and accurate data validation—something that historically has been a significant issue in dealing with portfolio acquisitions and legacy data for financial institutions. Finally, let me say that the portfolio surveillance capabilities of the AI platform integrated with both the credit and collateral attributes brings a powerful offering to the market unlike any other. I am looking forward to this journey with the Veptas Team.”