Risk Manager Rebrands and Changes Direction
Roseville, Calif.-based property valuation and risk management software developer EAS rebranded its business. It is now Valligent. The company changed names to reflect a change in focus, including additional software offerings, including Collateral Cascade, a new software product that uses measured analytics to determine the appropriate valuation solution based on relative loan risk. “We’re taking a proactive stance in addressing the lack of trust in property valuations in today’s mortgage industry,” said Jeremy McCarty, Valligent CEO and chief strategy officer. “Substandard and traditional approaches to property valuations have hurt the lending industry and contributed to the mortgage meltdown, and yet we continue to see many of the same mistakes being made. Now, as Valligent, we intend to provide new leadership and drive confidence back to the lending arena through new, innovative solutions and services,” McCarty added. Write to Jacob Gaffney.