Fintech company Valocity, which  digitizes the property valuation process with its cloud-based Valuation Ordering Platform, has appointed  Sovan Mandal as its Chief Executive Officer (CEO) of its India operations.

Mandal  brings over 20 years of experience in financial services in India and abroad. Prior to joining Valocity, he was Chief Business Officer at India Mortgage Guarantee Corporation (IMGC). As the founding member of IMGC, he  was instrumental in organization-building and establishing mortgage guarantee as a new product in India. he  has expertise in 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, said, “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.”

““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,” Mandal said.