Clarocity Corporation Awarded Contract to Perform Valuation Services for Guild Mortgage

CALGARY, Feb. 23, 2017 /CNW/ - Clarocity Corporation (TSXV: CLY) (the "Company" or "Clarocity") today announced that its U.S. subsidiary Valuation Vision, Inc. has been engaged by a leading US independent mortgage lender Guild Mortgage ("Guild") to provide valuation and appraisal services. The Company will provide valuation services to Guild's mortgage servicing segment through the use of Clarocity's industry-leading BPO Pro and MVPro.

"We are very excited to be working with Guild Mortgage by providing access to tools such as MVPro and BPO Pro," said Shane Copeland, CEO of Clarocity Corporation. "We continue to capitalize on our robust pipeline of mortgage providers in need of both traditional and valuation services, and we believe that working with industry leading organizations such as Guild Mortgage, we are able to set precedent that we are one of the leading valuation services providers in the country."

"In looking around the industry for potential service providers, it became evident very quickly that Clarocity not only had a phenomenal reputation but also some of the most innovative products on the market," said Carla Ulafanua, VP Default Management "We look forward to working closely with Clarocity for the foreseeable future as we look to remain ahead of the curve."    

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