Vero, driven by its mission to revolutionize dealers' access to wholesale financing, is dedicated to facilitating a seamless digital experience for borrowers and suppliers through collaboration with banks and other lending institutions.

Comprising a team of experts in inventory management, finance, and technology, Vero is unwavering in its commitment to providing a superior platform that caters to every facet of the lending lifecycle. Their collective expertise ensures a robust and efficient system that transcends traditional processes, aligning with the evolving needs of dealers, borrowers, and suppliers.

With an ongoing commitment to innovation, Vero is positioned as a dynamic force in the financial technology landscape, poised to continue enhancing and expanding its platform to redefine the landscape of wholesale financing. The team's dedication and expertise underscore their belief that the transformative journey they have embarked upon is only just beginning.

Dedicated Loan Servicing Expertise

Vero stands at the forefront of dedicated loan servicing, offering a wealth of nearly 200 years of collective experience in navigating the intricacies of inventory and wholesale financing markets. Unlike the burdensome approach of hiring specialized headcount, Vero provides a streamlined solution to successfully scale asset-based lending programs without the associated overhead. Under the adept guidance of Vero's team of regional sales managers, qualified dealers across diverse verticals are sourced to expand program footprints and cultivate a robust deposit base with new banking clients. Vero's seasoned credit professionals streamline the application process, pre-qualify applicants, and prepare credit memos, facilitating a seamless underwriting process.

Recognizing the increased need for touchpoints in wholesale financing, Vero's dedicated team manages front-line customer support, ensuring that borrowers receive the necessary care without burdening existing servicing operations. Verifying funding requests, interfacing with suppliers, and managing documents are seamlessly handled by Vero's knowledgeable team, equipped with cutting-edge technology and efficient processes to scale any program. Vero simplifies the intricate process of managing numerous manufacturers, auctions, and wholesale channels through its Supplier Portal, offering a self-service tool for funding and portfolio management across diverse industries.

Funding Lifecycle Management: Advanced Risk Analytics and Portfolio Insights

Vero's platform integrates advanced risk analytics and portfolio management capabilities, providing access to critical portfolio data. This empowers lenders to make informed decisions throughout the funding lifecycle, supported by a comprehensive range of services, including title management, onsite and virtual audits, risk monitoring, and responsive customer support.

Vero addresses the critical need for collecting, verifying, and vaulting titles to ensure compliance and risk mitigation. The streamlined process provides a scalable solution for managing physical titles. Whether handled internally or through third-party partnerships, Vero's real-time data and digital tools simplify the scheduling, reconciliation, and closing of audits, ensuring a seamless compliance process. In the unfortunate event of a default, Vero supports the recovery and remarketing process of collateral, accelerating the recovery process and maximizing asset recovery rates for partnering lenders.

Revolutionizing Inventory and Wholesale Financing

Vero introduces an end-to-end operating system tailored for inventory and wholesale financing, offering lenders a purpose-built solution to mitigate risk and enhance the overall efficiency of lending operations. The software empowers lenders to simplify underwriting processes, automate communications, streamline funding, and harness open banking tools for effective risk and collections management.

Vero's wholesale finance software facilitates a significant reduction in underwriting timelines by integrating a digital application system seamlessly with underwriting workflows. This strategic integration optimizes the application and underwriting processes for enhanced efficiency.

Upon approval for their line, dealers experience more than just a payment gateway with Vero's dealer portal. The platform provides a robust digital experience, offering features such as cashflow projections, pricing calculators, and advanced inventory management tools to facilitate informed decision-making.

Strengthening Servicing Capabilities with Streamlined Workflows

Vero's software enhances servicing organizations' capabilities by introducing a streamlined workflow for managing inbound funding requests from dealers or suppliers. The system eliminates the inefficiency of processing funding requests through emails, offering a comprehensive funding queue equipped with a document management system. Suppliers can now submit funding requests directly through their dedicated interface within Vero's software, eliminating the need for cumbersome email submissions. This innovative feature ensures a more efficient and direct communication channel for funding requests.

Vero's system is designed to consolidate Customer Relationship Management (CRM), email client, and reporting tools, providing a centralized platform for monitoring portfolios, evaluating borrower performance, and handling day-to-day title and customer support operations.

In collaboration with Sopra Banking Software's SFP-W platform, Vero delivers a robust Loan Management System (LMS) coupled with dealer-facing solutions and automated alerts to improve collections efforts. Dealers also benefit from a self-service tool to manage payoffs, streamlining the overall payoff and collections process. Vero's software eliminates the need for creating monthly statements or management reports in separate tools. The system offers the ability to customize monthly reports for each borrower while providing management teams with real-time insights across the entire portfolio or an in-depth view of specific accounts.

John Mizzi | Co-Founder & CEO

“We just don’t offer a solution; it architects a paradigm shift, where every click is a step towards a future of unparalleled financial ease.”