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In support of the appraisal modernization policy changes, it’s imperative that we are able to provide lenders with an efficient and seamless experience,” said Kenon Chen , EVP of Strategy and Growth at Clear Capital. For borrowers, this modernization can provide upfront value certainty and reduced costs for eligible loans.
Enhanced program designed to accelerate adoption of modern appraisal solutions by lenders. Through Application Programming Interface (API) tools, partners can readily integrate modern valuation tools directly into their own systems to enhance their customers’ experience. March 1, 2022 —. Media Contact: Ryan Hall. 949-280-4704. ###.
Clear Capital Announces Universal Data Collection in Support of Fannie Mae Appraisal Modernization Policy Changes UDC data set provides lenders with immediate national scalability, interchangeability and less complexity for loan management Reno, Nev.
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.”
In cases when the PDR notes a professional inspection needs to be performed, a licensed professional in that particular field, such as a plumber or pest inspector, must perform the inspection. ” Clear Capital has completed more than 235,000 data collections for loans that utilized various GSE modern appraisal programs.
Property Condition Inspection (PCI) provides rapid property condition updates. Post Disaster Inspection (PDI) estimates damages and repair costs after floods, fires, hurricanes, tornadoes, and other disasters — with turn times as short as two days. PCI can be ordered alongside ClearAVM for an IAG-compliant evaluation.
This modern framework enables industry participants to integrate with ICE solutions and provide their services to loan originators and servicers through secure API-enabled technology. You can learn more about each Clear Capital product available through Encompass by clicking here.
New technology furthers Clear Capital’s efforts to modernize the appraisal process. Employing computer vision and machine learning help streamline the inspection process, lower the cost of collateral underwriting, and reduce the time it takes to get collateral approval. Media Contact: Ryan Hall. ryan@calibercorporate.com.
By reducing the volume of required data, UDC streamlines the collection process for inspection-based valuation and delivers UPD-compliant data, removing complexities and making property data collection review and underwriting easier and more efficient for mortgage lenders.
With the GSE appraisal modernization program, appraisers will more likely be asked to complete desktop or hybrid appraisal assignments in the future. This was the same process many of us underwent with the exterior-only (drive-by) inspections. For the property’s interior physical characteristics, we relied on other sources. .
Sorry, but last week the home found a buyer and is listed as Pending Inspection. Built in 1929, the residence had a complete makeover in 2001 with wonderful features – bedroom fireplace, built-ins, skylights, massive outdoor pool and spa tub. The abode includes a sauna, spa tub, smart-home technology and is wired for a generator.
million housing units since 2001. The modern masterpiece is looking for its first owner, if $6.498M ($1084/sq. Update: The home is now under Pending Inspection. There are modern touches wherever you look. There is a strong need for a once-in-a-generation response to address decades of underinvestment in housing.
Combination of national valuation tech company and innovative proptech startup will accelerate appraisal modernization and further democratize property data and insights. ClearInsight is widely used in national appraisal modernization programs. We’re thrilled with the CubiCasa product, but also with their tremendous team,” Allen said.
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