CARLSBAD, CA, Dec. 6, 2017 /CNW/ - Clarocity Corporation
(TSXV:CLY; OTCQB:CLRYF) (the "Company" or "Clarocity"), a leading
provider of residential valuation technology and solutions, is
pleased to announce that Morningstar Credit Ratings, LLC affirmed
its MOR RV2 residential-vendor ranking for the second consecutive
year. Morningstar affirmed a Stable outlook for the ranking.
"As we are now fully integrated from both a technology and
operational perspective, we are committed to fueling growth while
continuing to deliver our services in an effective and timely
fashion," said Shane Copeland, CEO
of Clarocity Corporation. "The renewal of Morningstar's vendor
ranking affirms to our clients that our corporate operations and
technology are effective, secure and well managed. The positive
results of the updated Morningstar ranking are key to Clarocity's
future participation in the expanding securitization valuation
market in the U.S."
According to Morningstar's ranking announcement: "Clarocity has
effective vendor management oversight in place for assessing vendor
performance. Clarocity has developed vendor-selection criteria and
scorecards that effectively measure agent performance, as reflected
in the execution of service-level agreements with its customers.
The company's agile proprietary technology platform embeds
comprehensive quality-assurance standards in work orders received
from agents as well as providing clients with an expedited report
turnaround time and low revision rate. A comprehensive multi-level
quality assurance program is in place that measures and tracks
vendor performance as well as assessing internal quality control
effectiveness via scorecards, senior appraisal-level reviews and
various production reports that are reviewed by operations and
executive management."
About Clarocity Corporation
Clarocity Corporation provides real estate valuation solutions
and platform technologies designed to address today's dynamic
housing market. Our innovative platform is driving the
next-generation of valuation solutions such as MarketValue Pro
(MVP) and BPOMerge and setting new standards in real estate
valuation quality and reliability.
Every day GSE, banking, and investor clients rely on our
proprietary solutions to value assets, fund loans, and securitize
portfolios. As a fully integrated technology and valuation services
company, Clarocity provides a full spectrum of appraisal and
alternative valuation solutions. For more information, visit
www.clarocity.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.
Forward-Looking Information
This news release contains forward-looking statements which may
include financial and business prospects, as well as statements
regarding the Company's future plans, objectives or economic
performance and financial outlooks. Such statements are subject to
risk factors associated with the real estate industry, the overall
economy in both Canada and
the United States. The Company
believes that the expectations reflected in this news release are
reasonable but actual results may be affected by a variety of
variables and may be materially different from the results or
events predicted in the forward-looking statements. Readers are
therefore cautioned not to place undue reliance on these
forward-looking statements. In evaluating forward-looking
statements readers should consider the risk factors which could
cause actual results or events to differ materially from those
indicated by such forward-looking statements. These forward-looking
statements are made as of the date hereof, and unless otherwise
required by applicable securities laws, the Company does not intend
nor does it undertake any obligation to update or revise any
forward-looking statements.
This news release does not constitute an offer to sell or
a solicitation of an offer to buy any 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)
SOURCE Clarocity Corporation