Valocity alters service after ComCom investigation

Valocity founder and CEO Carmen Vicelich. (Image: Jason Oxenham, NZME)

Wed, 04 Dec 2024

Property data firm Valocity has changed its online valuation ordering system following a Commerce Commission investigation.The competition watchdog was concerned that Valocity’s system may have been limiting competition among property valuers, with consumers potentially paying higher prices for property valuations.Valocity provides data and digital services to the residential property industry, including major banks, property valuers, and borrowers seeking mortgage finance.This included full market valuations (FMVs), where a valuer physic...

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