- BPOMerge™ joins FNC's AppraisalPort® -
CALGARY, May 6, 2015 /CNW/ - Zaio Corporation (TSXV: ZAO) (the "Company" or "Zaio"), Valuation Vision LLC ("Valuation Vision") and Axis Appraisal Management Solutions, Inc. ("Axis") (collectively the "pro forma company") announces that BPOMerge™ is now available via FNC's AppraisalPort®. FNC is a recognized leader in collateral management platform and valuation technologies. FNC platforms process transactions for the largest US banks, non-bank originators and mortgage servicers.
"We are pleased to be extending the reach of our proprietary products through FNC," said Dave King, President and CEO of Zaio Corporation. "In addition to supporting several current strategic clients, FNC is the recognized technology leader for the nation's top lenders, allowing our products to participate in one of the largest valuation transaction networks in the U.S."
BPOMerge is a proprietary valuation solution, where multiple agents provide independent research and price opinions resulting in a highly credible valuation report. The patent-pending automated reconciliation is designed to score vendor performance to determine the most probable outcome as a valuation conclusion. With 18 expert-selected comparables and over 40 site-inspection data elements, BPOMerge provides a significant amount of data on the subject property.
"FNC clients continue to benefit from integrated access to over 80,000 service providers on AppraisalPort, offering a full range of collateral valuation products. We are excited to add access to new tools such as BPOMerge," said Mike Mitchell, Chief Strategy Officer of FNC, Inc.
About Zaio Corporation
Zaio provides customers in the property valuation, underwriting and lending industries with real-time access to certified appraisal reports from the company's patented database of proactively maintained residential property evaluations prepared by licensed appraisers across the United States. Visit the company online at zaio.com.
About FNC, Inc.
For more than 15 years, FNC has revolutionized the residential mortgage industry with products that help to increase client's profitability, ensure compliance and mitigate risk. Headquartered in Oxford, MS, FNC was the first company to create real estate collateral information technology. Today, FNC continues to provide innovative industry-leading collateral management platforms and collateral focused data and analytics. Its clients include the largest mortgage industry lenders and leading appraisal management companies. For more information, visit FNC online at www.fncinc.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
Certain information in this press release is forward-looking within the meaning of Canadian securities laws as it relates to anticipated events and strategies. When used in this context, words such as will, anticipate, believe, plan, mandated, intend, target, and expect or similar words suggest future outcomes.
Forward-looking information in this press release, includes, among other things, information relating to: projected or profoma revenues which assumes the closing of the Valuation Vision transaction and the Axis transaction which events have not occurred and anticipated growth in customers and sales.
These statements are based on certain assumptions and analyses made by the Company in light of its experience, current conditions and expected future developments and other factors it believes are appropriate. The material factors and assumptions used to develop these forward-looking statements include, but are not limited to: (i) the accuracy of the revenues reported by Valuation Vision and Axis; (ii) the ability of the Company to realize such revenues in the event the Valuation Vision and Axis transactions are closed and the ability of Zaio to effectively integrate the combined entities; (iii) the ability of the Company to close of the Valuation Vision transaction; and (iv) the ability of the Company to close the Axis transaction.
Readers are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purpose of providing information about management's current expectations, and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Zaio does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in Zaio's expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
SOURCE Zaio Corporation
For further information: visit www.zaio.com or contact: David King, President & CEO, Zaio Corporation, [email protected]; Babak Pedram, Investor Relations, Virtus Advisory Group Inc., 416-644-5081, [email protected]