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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 We’ve been a company that’s been investing very heavily in bringing data analytics and technology into the valuation space.
According to the National Association of Realtors , in 2020, some 87% of homebuyers purchased their home through a real estate agent or broker, and that number has steadily increased each year since 2001. For sellers, they offer HomeSwap which is a modern-day bridge loan so consumers can buy a home without selling their other home first.
Clear Capital Expands Relationship with CoreLogic in Support of Modern Appraisal Readiness Clear Capital’s Universal Data Collection product available to be ordered, fulfilled through CoreLogic Valuation Workflow Solutions Reno, Nev. CoreLogic’s Valuation Workflow Solutions power over 1,400 of the nation’s mortgage lenders.
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.
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.
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.
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.” property through our field valuation services and analytics tools, and improve their workflows with our platform technologies.
The Portal’s self-service tools enable customers to manage their orders within the platform and provide them the ability to collaborate, fostering a more efficient team process. ClearProp ® is an interactive analytics tool with nationwide coverage that enables quick, comprehensive property value conclusions.
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. A unique function of AURA is its capabilities in conjunction with Clear Capital’s analytics and AI-driven tools that improve the review process.
Their nationwide network of experienced real estate professionals and appraisers, paired with the company’s proven experience and modern appraisal solutions, will add tremendous value for our lender clients,” said Ben Wiant , Vice President of AppraisalWorks. Our goal is to provide customers with a complete understanding of every U.S.
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. property through our field valuation services and analytics tools, and improve their workflows with our platform technologies.
New technology furthers Clear Capital’s efforts to modernize the appraisal process. Additionally, Clear Capital launched ClearProp , a comprehensive property valuation and analytics tool with nationwide coverage that enables quick and accurate property value conclusions. Media Contact: Ryan Hall.
Backed by a vast experience in GSE appraisal modernization, Clear Capital’s ClearInsight+ and Hybrid Appraisal are designed to address each scenario and support a complete Freddie Mac ACE+ PDR implementation among mortgage lenders nationwide. Our goal is to provide customers with a complete understanding of every U.S.
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.
Reggora , an appraisal management software company that is modernizing residential real estate valuation for lenders, appraisers, and borrowers, announced today that it has entered into a strategic partnership with Clear Capital ® , a national real estate valuation technology company, to offer valuation quality control. About Reggora.
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.
This tool is excellent for making copies of tax records, floor plans, etc. Listen in as Bryan Reynolds reviews what USPAP says and suggests ways for appraisers to handle appraisal reports if you don’t have the data tools you need to create credible results. Genius Scan This app gets a lot of love from appraisers.
Through this integration, Clear Capital will deliver an improved user experience for mortgage lenders and loan officers ordering products that support appraisal modernization, such as Universal Data Collection (UDC ) , Desktop appraisals and Hybrid appraisals. Clear Capital’s automated status updates keep the lender informed in real-time.
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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