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Message: Clarocity wins contract for U.S. gov't asset sales
Clarocity wins contract for U.S. gov't asset sales
2017-02-17 09:34 ET - News Release
Mr. Shane Copeland reports
CLAROCITY CORPORATION AWARDED NEW CONTRACT TO PERFORM NEXT PHASE OF VALUATION SERVICES FOR U.S. GOVERNMENT ASSET SALES
Clarocity Corp.'s U.S. subsidiary, Valuation Vision Inc., has been contracted by a federal U.S. government department to perform valuation services for the most recent release of delinquent asset sales. Based on previous performance, Valuation Vision has earned the opportunity to provide additional services related to pricing of non-performing loans through the use of its BPO Pro product suite. Orders are currently in the process of being filled, and future orders are expected as additional assets are released in high-volume batches.
"Clarocity is pleased that Valuation Vision has been reselected to perform additional valuations for these large residential asset portfolios," said Shane Copeland, chief executive officer of Clarocity. "This opportunity and the renewed contract demonstrate support for our continued strong performance in previous bulk valuation sales. Our successful fulfilment of previous orders and the new engagement bodes well for additional opportunities."
While U.S. agencies have not disclosed the total number of residential properties still available for sale, over 77,000 non-performing assets have been sold since 2010. Government regulatory agencies continue to indicate continuing divestment of non-performing assets per congressional mandate.
"It's a testament to the credibility and reliability of our valuation solutions that we've been selected as the core provider of asset valuation for these pools," said Ernie Durbin, chief valuation officer of Clarocity. "In addition to a significant revenue opportunity, our innovative products and solutions will gain critical exposure to leading investment firms participating in this asset purchase."
About Clarocity Corp.
Clarocity provides real estate valuation solutions and platform technologies designed to address today's dynamic housing market.
We seek Safe Harbor.
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