CALGARY, June 8, 2017 /CNW/ - Clarocity Corporation (TSXV:CLY) (the "Company" or "Clarocity") is pleased to announce that AXIS Appraisal Management (AXIS) has renewed its license agreement for the Clarocity Technology to produce alternative valuation products, including MarketValue Pro (MVP) appraisal reports.
"We've always considered AXIS to be one of our closest partners and early adopter of our products and technology," said Shane Copeland, CEO of Clarocity. "This new contract extends the distribution of our proprietary products with one of the nation's most successful appraisal management firms."
Clarocity Technology fuels the next-generation of alternative valuation products and solutions. Clarocity empowers AMCs and financial services firms with technology to produce proprietary valuation, audit, and inspection solutions using their vendor panel.
"Clarocity Technology provides needed functionality that is unavailable in many existing programs that are directed towards serving the traditional residential appraisal market, and it has been central to the success of growing our alternative valuation and review products division," said Michael Simmons, Co-President of AXIS Appraisal Management. "AXIS has always been a leader in providing innovative solutions to our clients, and we believe that we'll gain adoption of MarketValue Pro appraisal reports as our clients continue to ramp up their equity lending."
About Clarocity Corporation
Clarocity Corporation (formerly known as Zaio Corporation) provides real estate valuation technologies to deal with today's dynamic housing market through its proprietary valuation solutions. Every day GSE, banking, and investor clients rely on our proprietary solutions to fund loans and value assets. As a fully integrated technology and valuation services company, Clarocity provides unparalleled insight into their real estate business assets. For more information, visit www.clarocity.com.
About AXIS Appraisal Management
AXIS is a team of real estate professionals who believe high quality appraisals delivered with expert service are critical to successful mortgage lending operations. Our goal was to develop an appraisal management company that respected the hard work done by competent, local appraisers, and served lenders, borrowers and brokers by providing reliable, compliant, timely, and accurate appraisals. Today, AXIS Appraisal management spans the entire country and serves some of the largest banks and most sophisticated mortgage brokers in the industry. For more information, visit www.axis-amc.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy and of the securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended the U.S. Securities Act, and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.
The Company believes that the expectations reflected in this news release are reasonable but actual results may be affected by a variety of variables and may be materially different from the results or events predicted in the forward-looking statements. Readers are therefore cautioned not to place undue reliance on these forward-looking statements. In evaluating forward-looking statements readers should consider the risk factors which could cause actual results or events to differ materially from those indicated by such forward-looking statements. These forward-looking statements are made as of the date hereof and unless otherwise required by applicable securities laws, the Company does not intend nor does it undertake any obligation to update or revise any forward-looking statements.
SOURCE Clarocity Corporation
For further information: visit www.clarocity.com or contact: Shane Copeland, CEO, Clarocity Corporation, 760-208-6460, [email protected]; Babak Pedram, Investor Relations, Virtus Advisory Group Inc., 416-644-5081, [email protected]