CALGARY, March 30, 2016 /CNW/ - Zaio Corporation (TSXV:
ZAO) (the "Company" or "Zaio") announces that its U.S. subsidiary
Valuation Vision, Inc. has just received positive results as part
of it's 2015 BPOMerge™ performance review with a major U.S. loan
servicer.
"We recently received a performance review from a large national
client and our Valuation Vision products ranked number 1 among 4
competitors," stated Shane Copeland CEO of Zaio Corporation. "Our
client compared the values we provided with our BPOMerge product
against thousands of properties they subsequently sold in 2015.
BPOMerge dominated the competition in key performance indicators
measuring the credibility of values indicated."
BPOMerge was scored against competing valuation products in the
largest sample to date, and led the results in two out of the three
categories:
- On overall accuracy, BPOMerge led the pack with an average of
99% value estimate versus sale price. The competitors in the study
performed at 89%, 93%, and 105% respectively
- When looking at individual properties, BPOMerge led with 80% of
value estimates falling within the client's expectations of
accuracy benchmark. Competing products performed at 73%, 57%,
and 53% respectively
- In terms of overall service delivery performance, Valuation
Vision ranked second against the competition with an overall
average turn time of 8.7 days, having missed the top rung by less
than 2 hours. Other competing turn times for single-opinion
products were as high as 18.3 days
"The results of this performance review confirm that BPOMerge's
multi-opinion approach and proprietary technology delivers
extraordinarily credible valuation results," said Ernie Durbin, Chief Valuation Officer. "What's
exceptional here is the measurement against end sale price. There
is no better way to measure the credibility of a valuation product
than to stand up against the price the property ultimately sells
for. After analyzing thousands of properties, we are proud to say
BPOMerge ranked number 1 among our competitors, including
appraisals performed on many of the same
properties."
About Zaio Corporation
Zaio Corporation was founded on the simple premise that current
real estate valuation technologies lacked the information and
technology necessary to deal with today's dynamic housing market.
Zaio is disrupting an industry that was once thought not possible
through its proprietary valuation solutions. Every day our
GSE, banking, and investor clients rely on our proprietary
solutions to fund loans and value assets. At Zaio, our mission is
to ensure that our solutions provide businesses and consumers
unparalleled insight into their real estate assets. For more
information, visit www.zaio.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. Forward-looking
information in this press release, includes, among other things,
information relating to any applicable approvals required in order
to complete the Financing, which may include, but is not limited
to, the approval of the TSX Venture Exchange and approval by the
shareholders of Zaio. 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 Zaio Corporation