Clarocity renews contract with secondary market lender

2016-12-22 08:30 ET - News Release

Mr. Shane Copeland reports

CLAROCITY CORPORATION RENEWS MULTIPLE YEAR CONTRACT WITH LARGE SECONDARY MARKET LENDER

Clarocity Corp. has provided an update. Valuation Vision's contract to provide BPOMerge to a previously announced secondary market lender has been renewed and extended for an additional three years.

"This is clearly a testament to the performance and accuracy of our BPOMerge product," said Shane Copeland, chief executive officer of Clarocity. "Not only have we continued to exceed quality and service expectations for this product, recent improvements to our corporate performance are allowing us to expand into new states."

BPOMerge is a proprietary valuation solution, where multiple agents provide independent research and price opinions. The innovative MergeValue algorithm scores agent performance to determine the most probable outcome as a reconciled value. With 18 expert-selected comparables and over 40 site inspection data elements, BPOMerge provides a significant amount of data and insight on the subject property.

"Over the last two years of this contract, we've been continuously measured in terms of product and services performance," said Zan James, chief operating officer of Valuation Vision. "Not only have we repeatedly outranked competitors in terms of quality and service, we've developed an agile customer-focused organization that quickly adapts technology and product the client's strategic needs. As a result, we've continued to expand the map of states where our product is selected over competing solutions."

We seek Safe Harbor.