Clarocity Corporation Receives MOR RV2 Vendor Ranking from Morningstar for Second Consecutive Year
Dec 06, 2017, 08:00 ET
CARLSBAD, CA, Dec. 6, 2017 /CNW/ - Clarocity Corporation (TSXV:CLY; OTCQB:CLRYF) (the "Company" or "Clarocity"), a leading provider of residential valuation technology and solutions, is pleased to announce that Morningstar Credit Ratings, LLC affirmed its MOR RV2 residential-vendor ranking for the second consecutive year. Morningstar affirmed a Stable outlook for the ranking.
"As we are now fully integrated from both a technology and operational perspective, we are committed to fueling growth while continuing to deliver our services in an effective and timely fashion," said Shane Copeland, CEO of Clarocity Corporation. "The renewal of Morningstar's vendor ranking affirms to our clients that our corporate operations and technology are effective, secure and well managed. The positive results of the updated Morningstar ranking are key to Clarocity's future participation in the expanding securitization valuation market in the U.S."
According to Morningstar's ranking announcement: "Clarocity has effective vendor management oversight in place for assessing vendor performance. Clarocity has developed vendor-selection criteria and scorecards that effectively measure agent performance, as reflected in the execution of service-level agreements with its customers. The company's agile proprietary technology platform embeds comprehensive quality-assurance standards in work orders received from agents as well as providing clients with an expedited report turnaround time and low revision rate. A comprehensive multi-level quality assurance program is in place that measures and tracks vendor performance as well as assessing internal quality control effectiveness via scorecards, senior appraisal-level reviews and various production reports that are reviewed by operations and executive management."
About Clarocity Corporation
Clarocity Corporation provides real estate valuation solutions and platform technologies designed to address today's dynamic housing market. Our innovative platform is driving the next-generation of valuation solutions such as MarketValue Pro (MVP) and BPOMerge and setting new standards in real estate valuation quality and reliability.
Every day GSE, banking, and investor clients rely on our proprietary solutions to value assets, fund loans, and securitize portfolios. As a fully integrated technology and valuation services company, Clarocity provides a full spectrum of appraisal and alternative valuation solutions. For more information, visit www.clarocity.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 contains forward-looking statements which may include financial and business prospects, as well as statements regarding the Company's future plans, objectives or economic performance and financial outlooks. Such statements are subject to risk factors associated with the real estate industry, the overall economy in both Canada and the United States. 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.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any 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)
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]
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