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Real estate valuation technology company Clear Capital rolled out two application programming interfaces (APIs) that aim to make adopting and deploying modern valuation solutions easier, ultimately closing loans faster. The two desktop appraisal solutions were developed to meet new desktop appraisal guidelines in April. .
Established in 2001, the Nevada-headquartered company delivers solutions to modernize the appraisal process, which may take days to weeks to complete, or even longer during booming markets. Real estate valuation technology company Clear Capital will cut 27% of its workforce across its offices in the U.S.
We’ve been very involved in appraisal modernization [and] investment over the past five years,” Kenon Chen, EVP of corporate strategy at Clear Capital, said. “We’re The desktop appraisal solutions were developed to meet new desktop appraisal guidelines introduced in April 2022.
million investment in eOriginal, a multi-year Tech100 winner that developed a ‘simple closing experience for lenders, borrowers and settlement agents.’ Sourcepoint has developed CoBot , a “digital employee”, that fulfills tedious, manual tasks and enables human staff to focus on work that requires judgment. In 2016 LLR led a $26.5
Each API connects directly into existing systems through a single integration for lenders, investors, and system providers, making it easier to adopt and deploy modern property valuation solutions. ” Over the past year, the government-sponsored enterprises (GSEs) have made sweeping changes around modern valuation solutions, and ?? .”
Direct integrations such as AURA equip our customers with market-leading solutions today, and position them for the appraisal and valuation modernization changes being implemented by the agencies.”
New technology furthers Clear Capital’s efforts to modernize the appraisal process. The technology was developed by Clear Capital’s data science team to further streamline the appraisal process and equip lenders with technology that powers low-risk, high-quality decisions. Media Contact: Ryan Hall. ryan@calibercorporate.com.
The acquisition is part of Clear Capital’s ongoing efforts to bring more consistency and accuracy to home appraisals through innovative technology, improved processes, and policy modernization. Part of Clear Capital’s workforce expansion focuses on building out its information and product teams. Media Contact: Ross Stevens. 803-549-7529.
Enhanced program designed to accelerate adoption of modern appraisal solutions by lenders. Clear Capital ® , a national real estate valuation technology company, has announced the launch of Desktop Appraisal and Desktop Data Collection , two products designed to further modernize and increase certainty in the appraisal process.
With the GSE appraisal modernization program, appraisers will more likely be asked to complete desktop or hybrid appraisal assignments in the future. Request a reasonable fee based on the time involved in developing, analyzing, and reporting the appraisal.
To further support appraisal modernization and enhance data quality and consistency in property data collection, Fannie Mae and Freddie Mac partnered to develop UPD under the Uniform Mortgage Data Program ® (UMDP ® ) , responding to industry feedback requesting market standardization and fungibility.
Expertise Professionals strive for proficiency in their field, continually enhancing their knowledge through education, webinars and personal development efforts. The kitchen also looks like a step back in time but it’s been updated with modern appliances: a fridge and an oven. The original wall-to-wall terrazzo flooring and St.
Even with aggressive changes to state and local zoning and fewer obstacles for building developers, the highly regarded Urban Institute estimates that by 2044 the Puget Sound region will be 140K homes shy of real demand. The home was reimagined by architect Wittman Estes and developed by DowBuilt. bathroom , 3930 sq. bath , 5546 sq.
million housing units since 2001. And, Seattle’s attempt to force building developers to incorporate more affordable homes within their new residential endeavors yielded only 21 units in 2020 out of a swell of 224 construction projects. The modern masterpiece is looking for its first owner, if $6.498M ($1084/sq. million to 6.8
The seemingly mundane asphalt-covered piece of real estate silently champions the ebb and flow of modern living. That may sound like a lot of money to address a serious issue that can damage brain development in children. Introducing a modern, steel, glass and concrete residence in Seattle’s Washington Park neighborhood.
We need every market-rate and affordable home that developers can produce. Vaulted ceilings and skylights in select rooms open up this 1939-built abode that feels fresh and modern. Major League Baseball All-Star Game, July 11 This year marks the first MLB All-Star Game in Seattle since 2001 and only the third in our city’s history.
Will I have to pay the same rates as the Oakland hills, which is very high risk and had a major fire in 2001? Properties in new developments may command premiums due to modern amenities, energy efficiency, and lower maintenance costs, but appraisers must also consider competitive pressures from older homes nearby.
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