Financial Title Company Partners With Valocity for Valuation Solutions Lenders Gain Instant, Nationwide Appraisal Coverage

March 22, 2005

MEMPHIS, Tenn.--(BUSINESS WIRE) -- Financial Title Company (FTC), a large provider of title and escrow services, has chosen Valocity to provide clients online, nationwide valuation solutions. The partnership enables users to order various appraisal products instantly, through a private label development that Valocity designed to be integrated with Financial Title's secure Web site. Valocity is the nation's fastest growing valuation solutions provider.

"As a growing company, our goal is to provide clients with the most efficient solution for their settlement services needs, as well as a high level of individual service and customer support," said Briant Humphrey, senior vice president of Financial Title. "Adding Valocity's innovative technology and flexible product offering to our array of service solutions makes our platform even stronger."

The new service gives Financial Title's clients secure online access to Valocity's expansive valuation products and service offerings. In addition to traditional valuation products and services, users will have access to automated products and services such as Automated Valuation Models (AVMs). Additionally, users will have on-demand access to the most up-to-date information in every step of the appraisal process via Financial Title's Web site.

"After months of discussion, we had no doubt that partnering with Financial Title was a smart business decision not only for each company, but most importantly for our clients," said Shawn McGowan, CEO and president of Valocity. "Both companies have an inherent interest in offering exceptional service and being involved in every transaction to better meet the needs of our clients. We leveraged our technology to find a solution for Financial Title, and look forward to this opportunity."

Source: Financial Title Company