CALGARY, Nov. 10, 2016 /CNW/ - Clarocity, Inc., a wholly owned subsidiary of Clarocity Corporation (TSXV:CLY), a leading provider of residential valuation technology and solutions, is pleased to announce that it has been assigned a positive MOR RV2 residential-vendor ranking from Morningstar Credit Ratings in the asset valuation market.
"Receiving a positive MOR RV2 rating from Morningstar affirms our position as a valuation solutions provider that meets the strict requirements needed for loan securitization," said Shane Copeland, CEO of Clarocity Corporation. "With next-generation solutions such as MarketValue Pro and BPOMerge, this positive rating assures our clients that the valuation services we provide are of the highest quality and standards. With the recent addition of a national AMC, we can now provide a full spectrum of valuation solutions for loan securitization, one of the fastest growing segments in alternative appraisals."
According to Morningstar's bulletin: "Clarocity provides a full suite of next generation broker price opinion (BPO) and alternative appraisal (MVPro) products that leverage the company's proprietary Platform as a Service (PaaS) technology that provides enhanced workflow, integrated data-driven vendor forms, and a dashboard with real-time analytics and robust reporting capabilities."
"We're proud to have received this ranking from Morningstar as it is another step forward in building the Clarocity brand as a market leader," said Zan James, Chief Operating Officer. "It's a testament not only to the innovative technology that powers our operations, but also our dedication to delivering a high-quality customer experience."
For more information about the Clarocity, Inc. Assigned Residential visit www.morningstarcreditratings.com, via the 'Operational Risk Assessments' menu under 'Rankings.'
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 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]