Mr. Gary Yeoman reports

CLAROCITY LAUNCHES FUSIONOMS VALUATION PLATFORM AS FIRMS EMBRACE APPRAISAL MODERNIZATION SOLUTIONS

Clarocity Inc., a subsidiary of iLookabout Corp., has launched its FusionOMS valuation management system commercially.

"FusionOMS allows licensees to produce the next-generation valuation solutions that are rapidly displacing traditional appraisal," said Jordan Ross, chief operating officer of iLookabout. "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 multivendor workflows that are core to appraisal modernization. Available as a cloud-based platform-as-a-service (PaaS) offering, FusionOMS seamlessly 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," said Shane Copeland, chief executive officer of Clarocity. "With over half a million successful vendor engagements, FusionOMS has proven to be an exceptional solution for firms looking to manage complex multivendor collaborative valuation processes."

About iLookabout Corp.

iLookabout is a real estate valuation platform with technologies that leverage the power of data designed to address today's dynamic real estate valuation market. The company's proprietary innovative platform is driving the next generation of real property valuation solutions.