Clarocity receives positive MOR RV2 vendor ranking

2016-11-10 11:46 ET - News Release

Mr. Shane Copeland reports

CLAROCITY, INC. RECEIVES POSITIVE VENDOR RANKING FROM MORNINGSTAR CREDIT RATINGS

Clarocity Corp. 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, chief executive officer of Clarocity. "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 [appraisal management company], 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."

We seek Safe Harbor.