Sovan Mandal joins Valocity India as Chief Executive Officer

Valocity, a leading FinTech company that digitises the property valuation process with its cloud-based Valuation Ordering Platform, is delighted to announce the appointment of Sovan Mandal as its Chief Executive Officer (CEO) for Valocity India.

Sovan brings over 20 years’ experience in financial services in India and abroad.  Prior to joining Valocity, he was Chief Business Officer at India Mortgage Guarantee Corporation (IMGC), whereas founding member, Sovan was instrumental in organization building and establishing Mortgage Guarantee as a new product in India. Sovan brings experience of growing and scaling teams, and innovating products and services across Retail Finance, Credit Cards, and the Mortgage industries to deliver enduring customer success.

Valocity Global CEO and Founder, Carmen Vicelich says, “We’ve invested heavily to understand the unique needs of the India market and deliver a game changing platform that transforms the valuation process and delivers significant efficiency and automation to lenders wanting to provide a better, faster more seamless customer experience.   We know the opportunity to deliver the important initiatives we support such as Digital India and Housing for All is only accelerating and requires a well-respected industry leader to lead us through this rapid growth. We are delighted to have someone of Sovan’s caliber and deep mortgage industry expertise to continue to build upon and deliver our transformational solutions to the India property ecosystem.”

On his new role Sovan Mandal, says, “I’m excited to join the innovative team at Valocity India and look forward to my role leading this transformation of the industry. The mortgage valuation sector has reached a point where digital solutions and automation play a pivotal role to enable growth, efficiency and expansion and I am confident Valocity will continue to create significant value through technology, data and advanced analytics for all our key stakeholders.”

India is one of the fastest-growing real estate markets in the world and demand is increasing for efficiency in the valuation process to deliver on increased regulatory compliance in parallel with growing customer expectations for a fast and seamless experience. Valocity’s proven global solution meets this demand with its innovative digital valuation workflow designed specifically for the dynamic India market.

About Valocity

Valocity is a FinTech company that digitises the entire property valuation process with its unique Microsoft cloud-based valuation platform, delivering end to end solutions for both residential and commercial lending.

The unique platform is used by many of the world’s largest lenders across New Zealand, Australia, India, and Asia having supported over a Trillion dollars in lending decisions. Valocity has been recognized globally including at the prestigious India FinTech Awards 2019 as Fintech Start Up of the Year, Singapore Top 10 Global Fintech 2018, and Microsoft ISV Partner of the Year 2020.

For more information, please visit valocityglobal.com or contact: