Concentra Financial Chooses Solidifi as Exclusive Provider of Collateral Valuation and Risk Management Services



    
    It's never been easier for mortgage brokers to arrange an appraisal for
    Concentra
    

    TORONTO, July 4 /CNW/ -- Solidifi Inc., a leading technology-based
provider of collateral valuation and risk management services, announced today
that Concentra Financial has chosen Solidifi as the exclusive provider for
their collateral valuation and risk assessment requirements. Concentra will
extend Solidifi's services to its mortgage broker channel and corporate risk
management division.
    "Solidifi has been a great strategic partner for us," says Norm Klatt,
Vice President Financial Services of Concentra. "Implementing Solidifi
Values(TM) has resulted in faster appraisals and lower management costs while
improving our overall processes. At a corporate risk management level,
Solidifi Insight(TM) enables us to make smarter underwriting decisions on
loans secured by residential properties."
    Solidifi provides lenders and brokers with a flexible valuation
procurement service, and risk management and data analytic solutions. Solidifi
Values(TM) is a web-based collateral management platform for arranging
property valuations, combining the latest technology with the largest
appraisal partnership across Canada. Solidifi Values(TM) provides significant
improvements in the service speed, cost and quality of valuation products
including AVMs, drive-bys and full appraisals. Solidifi Insight(TM) enables
lenders to enforce collateral policy requirements and quickly and efficiently
detect areas of risk within appraisal and AVM reports during the underwriting
process. Solidifi Insight(TM) ensures quality and consistency through
objective rules-based review while reducing fraud and foreclosure loss.
    "Solidifi helps us and our mortgage broker partners assign the right
appraiser to the deal -- balancing the appraiser's turnaround time, price,
distance to the property and quality with full transparency," says Klatt.
    "Concentra has been a tremendous client and partner in the evolution of
our collateral valuation platform," says Loren Cooke, Vice President Sales and
Marketing of Solidifi. "We are providing flexible, configurable solutions for
Concentra that fully supports their risk management policies, while offering a
superior customer service experience for their mortgage broker and appraisal
partners."
    
    About Solidifi Inc.
    
    Solidifi is a leading provider of collateral valuation, risk management
and data analytic services to the North American mortgage industry. Solidifi
provides mortgage lenders and professionals with a flexible service platform
for procuring collateral valuations from marketplace vendors and appraisers,
with complete transparency and data to make "incredibly smart decisions."
Solidifi currently serves leading global financial institutions and operates
Canada's largest appraiser network. Solidifi is located in Toronto, ON and
Chicago, IL. For more information, visit www.solidifi.com
    
    About Concentra Financial
    
    Concentra Financial is Canada's first federally-regulated retail
association, a co-operative that is wholly-owned by credit unions, their
Centrals, and system insurers, Co-operators and CUMIS. Concentra operates
nationally and, along with its financial and trust business solutions,
provides competitive commissions, rates and mortgage features to mortgage
brokers and their clients. www.concentrafinancial.ca

    For more information, please contact:

    
    Mike Kraemer
    Director of Marketing & Communications
    Solidifi Inc.
    Tel: 905-739-1212
    Fax: 905-739-1222
    Email: mkraemer@solidifi.com
    Web: www.solidifi.com
    




For further information:

For further information: Mike Kraemer Director of Marketing & 
Communications, Solidifi Inc., +1-905-739-1212, Fax, +1-905-739-1222, 
mkraemer@solidifi.com Web Site: http://www.solidifi.com                 
http://www.concentrafinancial.ca

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