Peter,

Facebook has 100% Appraisers, I am a real estate Appraiser and Appraiser Client Search. Lots of good information in those groups. There are others as well. You can also search for state appraiser coalitions on Facebook and Linkedin. They usually share information as well.

AppraisersBlogs is also an excellent source for information. Use the search field above for any amcs you are interested in.

What a joke. Stock is now at $0.035 per share…

Anything to say now?  9 years of multi-million dollar losses.

http://appraisersblogs.com/multi-million-dollar-garbage-technology-vs-appraisers

See the latest on Clarocity

http://appraisersblogs.com/multi-million-dollar-garbage-technology-vs-appraisers#comments

Also, they are now advertising for staff Appraiser Trainees only. This will further increase their returns. Trainees are paid way less than any appraiser. There were several ads for staff utilizing trainees.

Clarocity Corporation Announces Retention of Financial Advisor by Strategic Alternatives Committee Canada NewsWire CARLSBAD, CA, Dec. 27, 2017 CARLSBAD, CA, Dec. 27, 2017 /CNW/ – Clarocity Corporation (TSXV:CLY; OTCQB:CLRYF) (the “Company” or “Clarocity”) is pleased to announce that its Board’s Strategic Alternatives Committee has retained Keefe, Bruyette & Woods, Inc. (“KBW”), an investment bank, as part of the Company’s previously announced strategic alternatives review. KBW has been engaged to provide certain financial advisory services to the Strategic Alternatives Committee in connection with certain potential strategic transactions. Clarocity Corporation Announces Retention of Financial Advisor by Strategic Alternatives Committee

Check out the latest about Clarocity. It seems there is trouble in paradise.

http://appraisersblogs.com/clarocity-valuation-services-red-flags

Cough, cough, bullship

Give it time.. they are on a spiral down. No cash. Stock dropped to 0.06 per share.

Bloomberg does not paint a very pretty picture of their outlook. Investors are  loosing 42.11%.

https://www.bloomberg.com/quote/CLY:CN

Clarocity Corporation Receives MOR RV2 Vendor Ranking from Morningstar for Second Consecutive Year Canada NewsWire CARLSBAD, CA, Dec. 6, 2017CARLSBAD, CA, Dec. 6, 2017 /CNW/ – Clarocity Corporation (TSXV:CLY; OTCQB:CLRYF) (the “Company” or “Clarocity”), a leading provider of residential valuation technology and solutions, is pleased to announce that Morningstar Credit Ratings, LLC affirmed its MOR RV2 residential-vendor ranking for the second consecutive year. Morningstar affirmed a Stable outlook for the ranking.”As we are now fully integrated from both a technology and operational perspective, we are committed to fueling growth while continuing to deliver our services in an effective and timely fashion,” said Shane Copeland, CEO of Clarocity Corporation. “The renewal of Morningstar’s vendor ranking affirms to our clients that our corporate operations and technology are effective, secure and well managed. The positive results of the updated Morningstar ranking are key to Clarocity’s future participation in the expanding securitization valuation market in the U.S.”According to Morningstar’s ranking announcement: “Clarocity has effective vendor management oversight in place for assessing vendor performance. Clarocity has developed vendor-selection criteria and scorecards that effectively measure agent performance, as reflected in the execution of service-level agreements with its customers. The company’s agile proprietary technology platform embeds comprehensive quality-assurance standards in work orders received from agents as well as providing clients with an expedited report turnaround time and low revision rate. A comprehensive multi-level quality assurance program is in place that measures and tracks vendor performance as well as assessing internal quality control effectiveness via scorecards, senior appraisal-level reviews and various production reports that are reviewed by operations and executive management.”

Baggins, I don’t understand half the technical jargon you posted but there is a lot of chatter going on between investors and management of Clarocity and management has gone dark on our red flag concerns as well. I am coming to you for help as we are concerned the vision we have been sold is a far departure from the health of the company.

I see you have been following this company for over a year and was curious if you had any appraiser networks where we can get an idea as to how widespread or isolated the nonpayment is to appraisers, and how tardy the payments are.

From an investors perspective, we are worried the company is out of cash, though they did just take on another 2.5m credit facility from a control person, assumedly to pay these outstanding fees (“http://www.stockhouse.com/companies/bullboard/v.cly/zaio-corporation?postid=26987396)

The CVO Bill Walterburg said any nonpayment affected a “nominal” number of appraisers and that past due payments were “just a few days late”. Any reports or formal complaints we can get our hands on? Cheers.

We are very pleased to report our member who had several past due invoices from Clarocity has received payment on his past due invoices.

We also wanted to share the following email from Bill Wattenbaugh at Clarocity. This is in direct response to our warning about them. Continue to read below for our response.

To whom it may concern
 
You recently provided an email correspondence to your readership regarding the status of Clarocity Valuation Services. The title of this communication read “Clarocity May Have Gone Dark.” Please see below and provide an update to your readers.
 
I am the Chief Appraiser at Clarocity Valuation Services. Please be advised, Clarocity Valuation Services has not gone dark. However, due to the recent acquisition of Valued Veterans, there have been a few hiccups in merging both the email and phone systems. The difficulties surrounding this process are also the reason why some payments were processed just a few days late. While the number of appraisers affected by this transition is nominal, it does not change the fact that a mistake was made. For this, we sincerely apologize. 
 
The phones at Clarocity Valuation Services were never down, and calls were received every business hour of every day. Clarocity Valuation Services was not aware of the issue until it was brought to our attention. When two companies merge, some of the multiple phone numbers and email addresses can slip through the cracks. While we prefer this would have never happened, it did. Again, the number of people affected by these issues was nominal. However, it is being made to sound like it was a more significant/widespread issue. I assure you, it was not. 
 
Clarocity Valuation Services works very hard to maintain good relationships with our appraiser partners. We understand we cannot do what we do without your support. For this reason, please feel free to contact me directly anytime you have any concerns regarding payment or regulatory compliance. I promise I will do all I can to make things fair and right. If I do not answer, please leave a message, and I will get back to you as soon as I can. 
 
Bill Waltenbaugh, SRA, AI-RRS
Chief Appraiser
Clarocity Valuation Services
(760) 208-6463
 
Thank you

VaCAP’s Response:

Bill,
Thank you for your email.
When our member first brought the issue to our attention, he provided documentation of his efforts to contact someone at Clarocity over a two week period with no response. Attempts were by phone and several different emails. He was leaving messages and sending emails; no one was calling or emailing back. 
Further research was done and we found several other appraisers had posted similar concerns in Facebook groups about past due payments form Clarocity. Rightfully so, red flags were raised at this point. Our concern was escalated when a representative of another State Coalition shared with us the article stating Clarocity was issuing stock in lieu of payments. No communication, past due invoices, stock in lieu of payments, stock prices continuing to fall since the first of the year; not giving anyone reassurance all is good at Clarocity. Our concerns and warning to appraisers was valid and justified. 
We have heard back from our member today informing us he has received payment on his past due invoices via direct deposit. Thank you. Unfortunately, he still has not received any communication from anyone at Clarocity, which is disheartening. It really does send the wrong message to the appraisal community when there is a lack of communication. 
 
We will send out an update sharing your contact information to our members and post an update on Appraisersblogs.

Thank you.

Well this is interesting… It seems appraisers are not the only ones having issues with Clarocity. Back in August reports are being made no one is answering the phones at Clarocity by Real Estate Agents doing BPO’s. Check these out..

http://reopro.ning.com/forum/topics/heads-up-using-numerous-company-names

or try this one:

Clarocity Valuation Services, LLC Clarocity, Clarocity, Inc., Clarocity Corp., Valuation Vision, Appraiser Loft, Zone No Payment for Work Performed, AGAIN Carlsbad California

Or this one:

Clarocity Valuation Services, LLC Valuation Vision Zaio Non-Payment of Services Rendered Carlsbad California

Heck, just Google non payment Clarocity and their entire sorted past comes up, all the way back to ZAIO!

https://www.google.com/search?q=nonpayment+Clarocity&rlz=1C1TSNP_enUS545US545&oq=nonpayment+Clarocity&aqs=chrome..69i57.10738j1j4&sourceid=chrome&ie=UTF-8

That’s Funny!

Bill, Are you issuing the checks? Are you going to respond to all the states that have received non-compliance complaints for non payment within the statutes? You are an appraiser, unless you can sign the checks and lick the envelopes and stamps to mail  the checks, why are you making false promises? Why is the head of accounting not responding? The CEO? Where are the people that can actually make this right?

Take some sound advice Bill, start updating your resume. Once states start disciplining Clarocity for non compliance, one state will have the guts to suspend the license. It will be a fast spiral by each state after that. Clarocity will be history!

Mr. Advocate. If you were one of the few appraisers affected by these issues, my apologies. If you are personally experiencing any difficulties getting paid or you are still not able to get through to a representative at Clarocity Valuation Services, I provided my phone number; please feel free to reach out.

The phones were never down, and calls were received every business hour of every day. Clarocity Valuation Services was not aware of the issue until it was brought to our attention. When two companies merge, some of the multiple phone numbers and email addresses can slip through the cracks. While we prefer this would have never happened, it did.

Again, the number of people affected by these issues was nominal. However, it is being made to sound like it was a more significant/widespread issue. I assure you, it was not.

Your not my friggin partner ! You’re an agent of the lender, that’s it. Oh, by the way SRA if you really cared about compliance you would pay the hard-working independent fee appraisers you USE a reasonable and customary fee AND  pay them  in a timely fashion ( as if I’m not mistaken what is required by many states).