Clarocity, Inc. is making available a commercial product titled the FusionOMS Valuation Management System, according to a company release.
“FusionOMS allows licensees to produce the next-generation valuation solutions that are rapidly displacing traditional appraisal,” Jordan Ross, chief operating officer of ILA , a real estate valuation platform for the real estate valuation market, said in the release. “We’re offering our enterprise clients a turnkey solution that allows them to perform the innovative new valuation solutions that are driving the digital mortgage process.”
FusionOMS is the first valuation order management system built from the ground up to manage the complex multi-vendor workflows that are core to appraisal modernization, the company said.
Available as a cloud-based Platform-as-a-Service (PaaS) offering, FusionOMS manages both production and operational workflows, allowing licensees to easily modernize their valuation product offering. FusionOMS provides a turnkey solution for appraisal management companies (AMCs) and lenders that need to maintain a competitive advantage by expanding their real estate valuation options.
“Due to increasing momentum in real estate valuation modernization efforts, lenders and AMCs are realizing that they are at a competitive disadvantage against firms that offer cost-effective alternatives to traditional appraisal,” Clarocity, Inc. CEO Shane Copeland said. “With over half a million successful vendor engagements, FusionOMS has proven to be an exceptional solution for firms looking to manage complex multi-vendor collaborative valuation processes.”