Clarocity Corp. announced that it has been engaged by a major U.S. agency to provide MarketValue Pro (MVP) as part of a comprehensive valuation of their asset portfolio, according to the company’s news release. MVP is a proprietary alternative appraisal product powered by the Clarocity Technology Platform.
“This new opportunity is already underway with thousands of orders that are expected to net an additional $1 million CAD over the next 60 days,” Clarocity CEO Shane Copeland said in the news release. “We were challenged to provide a faster, more affordable and highly accurate solution that effectively valued the client’s loan portfolio. By leveraging the efficiency of MVP appraisal, the agency will save the client millions in operating costs typically incurred from traditional appraisals. It’s becoming increasingly clear that MVP is positioned to set the new standard in alternative appraisals.”
MVP reports are designed to meet all the regulatory and compliance requirements of a traditional appraisal while leveraging automation, efficient workflow and reduced vendor costs to offer a highly effective next generation appraisal report. MVP reduces client cost in time and money while providing valuation consistency, the release stated.
“We are pleased to see MVP selected for this project,” Clarocity Chief Valuation Officer Ernie Durbin said. “We’ve had several successful large scale projects, and MVP has continuously proven to achieve comparable results to traditional appraisals at a fraction of the cost. For us, it has become essential to not just create great new products, but develop solutions that allow appraisers to profitably participate in the dynamic changes that are affecting the appraisal industry.”