Zaio asks Morningstar to rank Valuation Vision

2016-05-19 08:33 ET - News Release

Mr. Shane Copeland reports

ZAIO CORPORATION'S VALUATION VISION ENGAGES MORNINGSTAR CREDIT RATINGS FOR RESIDENTIAL VENDOR RANKING

Zaio Corp. has engaged Morningstar Credit Ratings to assign its residential vendor ranking for its U.S. subsidiary Valuation Vision Inc.

"Morningstar's residential ranking is a recognized standard for measuring valuation vendor performance," said Shane Copeland, chief executive officer of Zaio. "We believe that in today's tough regulatory environment, a Morningstar ranking will confirm our commitment to providing high-quality asset valuations for rated transactions which will allow Valuation Vision to expand further into the expanding mortgage securitization space."

Morningstar Credit Ratings' operational risk assessment for vendors establishes a new standard for vendors that want to demonstrate a commitment to quality service and their ability to meet or exceed their client's mission-critical performance objectives.

"We believe that our processes and technology have enabled Valuation Vision to continuously lead in client performance scoring," said Aleksandra James, chief operating officer of Valuation Vision. "We look forward to Morningstar providing their third party perspective, ensuring that we continue to maintain a high level of vendor performance."

We seek Safe Harbor.