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Realestatevaluation 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.
The parent company of appraisal software firm Veros RealEstate Solutions has acquired California-based appraisal management company Valligent Technologies. Its bend toward digital valuation services comes during a time of growing acceptance by Fannie Mae , Freddie Mac and the VA to use desktop appraisals and hybrid appraisals.
Realestatevaluation technology company Clear Capital will cut 27% of its workforce across its offices in the U.S. 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.
Bill McBride : (@calculatedrisk) Bill McBride is the author of the Calculated Risk economics blog and writes a realestate newsletter. Kushi also co-hosts the REconomy Podcast, which discusses economic issues that impact realestate, housing and affordability. realestate research firm, in 2001.
Realestatevaluation technology company Clear Capital has conducted a new round of layoffs as part of a company restructuring plan. We looked at this as not just an adjustment to the current market climate, but also looking at the current shift that’s happening in the valuation industry.
Some of the biggest factors affecting the realestate industry are supply chain shortages – rising material prices are adding tens of thousands of dollars to the cost of a new home. I have also been actively involved with the Collateral Risk Network for over a decade and am a recipient of the Valuation Visionary Award.
The current supply chain shortage has now been impacting the realestate industry for months. These experts will examine how realestate professionals can navigate these supply chain issues and revisit some of the points made in their June webinar, “ The Supply Chain Reaction.”
And it is challenging to pin down given the surprising twists in the economy and realestate markets, which have “befuddled economists’ forecasts this year.” “We would have to go back to 2001 to find mortgage rates above 7.0%. But the timing of that depends on myriad factors. over the 1971 – 2021 period.
Reno, NV — June 28, 2022 — Clear Capital , a national realestatevaluation technology company, today announced the launch of two Application Programming Interfaces (APIs), Property Valuation API and Risk Assessment API.
The launch of the Product Portal decreases the time it takes for users to receive a reliable valuation, as well as analytics products, to aid them in their decision-making process. This is another step forward for us as we work to reduce friction in the valuation process for all industry players.”
AppraisalWorks , Clear Capital Announce Partnership to Streamline Appraisal and Valuation Review for Lenders. Banks, credit unions, loan servicers and mortgage lenders now have access to a suite of tech-enabled products for property valuation. Clear Capital is a welcomed addition to our platform.
Through Cherre’s API, customers now have access to ClearAVM , Clear Capital’s automated valuation model (AVM), where they can map and set rules to automate, standardize and validate data from multiple third parties. property through our field valuation services and analytics tools, and improve their workflows with our platform technologies.
Together, these technologies are revolutionizing property valuation through unmatched accuracy, transparency, and efficiency. Together, these technologies ensure valuations align with real market conditions, increasing confidence that values will hold through closing. The impact?
National realestatevaluation technology company well-positioned to experience continued growth in 2021. October 26, 2021 — Clear Capital, a national realestatevaluation technology company, today announced it has hired more than 350 people so far in 2021, with 170 jobs currently open and accepting applications.
Reno, NV – August 30, 2023 – Clear Capital , the national realestatevaluation technology company, today announced a partnership with LenderX , a leading real-estatevaluations SaaS provider, to deliver its lenders access to AURA , Clear Capital’s automated collateral underwriting solution.
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.
Our goal is to streamline different aspects of the valuation process, without introducing additional risk or compromise on accuracy,” said Kenon Chen , EVP of Strategy and Growth at Clear Capital. “So property through our field valuation services and analytics tools, and improve their workflows with our platform technologies.
This expansion of our partnership with the ValueLink team will make it easier for lenders to adopt new options, drive appraisal modernization across the industry and ensure a better valuation experience for consumers.” Our goal is to provide customers with a complete understanding of every U.S.
NEW YORK / November 9, 2022 / Cherre , the leading data integration and insights platform, today announced a new partnership with Clear Capital , a national realestatevaluation technology company. residential realestate to provide insight on property value with accompanying contextual data. . About Cherre.
March 2, 2023 – Clear Capital , a national realestatevaluation technology company, today announced the launch of Universal Data Collection (UDC) , the latest in the Company’s suite of products designed to support appraisal modernization. “We Clear Capital is a leading provider of hybrid appraisals for mortgage origination.
In support of its goal to accelerate the digital appraisal movement and improve the collateral valuation experience through thoughtful innovation, Clear Capital® has announced two senior executive personnel moves focused on product delivery. February 16, 2021 —. Our goal is to provide customers with a complete understanding of every U.S.
Clear Capital , a national realestatevaluation technology company, today announced the expansion of its Clear Capital Partner Network , which aims to collaborate with innovative companies to help lenders accelerate the adoption of modern appraisals and other technology advancements. “We March 1, 2022 —. Innovation for All.
December 15, 2021 — Clear Capital®, a national realestatevaluation technology company, has announced the innovation of ClearPhoto , a powerful set of AI-driven rules built into ClearCollateral® Review , automating the review of property photos and ensuring they are aligned with the appraisal data and sketch. 949-280-4704. ###.
ClearAVM , Clear Capital’s AI-powered automated valuation model, measures valuation accuracy by instantly confirming whether the appraised value aligns with market comparables. Together, Clear Capital and ICE Mortgage Technology are simplifying access to world-class valuation products.
Set of Products Includes Property Data Report and Completion Report, Which Is Backed by a Nationwide Network of Trained RealEstate Agents and Brokers. We’re pleased to support Freddie Mac to offer lenders a comprehensive set of dependable property valuation products they need to adopt ACE+ PDR, all in one spot.”
Clear Capital ® , a national realestatevaluation 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. March 30, 2022 —. Continued Innovation. Media Contact: Ryan Hall. 949-280-4704. ###.
ClearCollateral® Scores — Includes Clear Capital’s Valuation Accuracy Score, Value Confidence Score, and Report Quality Score, all of which are purpose-built to determine the quality of the appraisal and flag any under- or overvaluation risk. Risky Terms — Detect bias within the appraisal with risky terms rules.
Excerpts from the letter: … including, but not limited to, experience in realestate market analysis and realestate brokerage, including: • Evaluating and pricing residential realestate. My comments: Realestate agents and brokers are salespersons. which can relate to valuation.
Houston RealEstate Market Forecast: Current Data & 2022 Predictions. Review current Houston realestate data & lessons from past hurricanes and trends. For the broad Houston realestate market, all major indicators point to growth during the year. Inflation’s Impact On RealEstate.
Story by HousingWire Clear Capital is a national realestatevaluation technology company that has been developing solutions to build confidence in realestate decisions since 2001.
Reggora , an appraisal management software company that is modernizing residential realestatevaluation for lenders, appraisers, and borrowers, announced today that it has entered into a strategic partnership with Clear Capital ® , a national realestatevaluation technology company, to offer valuation quality control.
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. UDC has now been updated to gather and deliver the UPD.
The media coverage focuses on realestate agents having difficulty showing homes, etc. percent, matching October 2022’s rate and the highest rate since 2001,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. In my small city, a local broker compiled a weekly list of sales and listings. I wrote this up yesterday.
Estate and divorce require heavy networking over time with realestate agents, the primary referral source. These millions of properties across the US represent a significant subset of the larger real-estate market which has not adequately priced the cost of climate risk into its valuation. percent from 6.42
Valuing Appraiser Professionalism: A Blueprint for Survival By Jo Traut, McKissock Learning Excerpts: Having spent nearly three decades in the field of realestate appraisal, I’ve witnessed firsthand the evolution of our profession, particularly with respect to technological advancements. I got it for MLS access.
Excerpts: …the United States Department of Veteran Affairs (VA), is known throughout the valuation community for respecting the work of appraisers and maintaining reasonable fee schedules. The questions: Fannie Mae and Freddie Mac are making desktop appraisals a permanent fixture in their valuation offerings. Haunted House Appraisals.
LRES Corporation , a California-based REO and valuation services company , has inked a deal to acquire Keystone Asset Management , a REO property management firm that also offers related services. Keystone, headquartered in suburban Philadelphia, claims to have managed $130 billion in realestate as a realestate services provider.
Here we consider how these “frictions” will behave as appraisal demand has dropped, just as each of the five forces have found ways to reduce or “eliminate” the need for valuation expertise. Construction started in 2001 and took three years to complete with two bedrooms, 2 bathrooms, and a swimming pool. Should you do lender work?
The eight percent who cite other valuation methods most often explained that they use a hybrid approach or mostly an exterior appraisal. NOTE: Please scroll down to read the other topics in this long blog post on Fannie Mae, Realestate market, Disbility, Redlining, unusual homes, mortgage origination stats, etc. =. Lot Size: 0.06
Fannie Mae: Appraisals are no longer the default option: Value Acceptance replaces Appraisal Waiver Fannie Mae updated its Selling Guide on March 1 to include more options for property valuations, saying that they are “moving away from implying that an appraisal is a default requirement.” How did I accomplish getting so many referrals?
By pulling key loan information directly from the Encompass ® loan file, lenders can quickly and easily place valuation orders. Clear Capital’s automated status updates keep the lender informed in real-time. property through our field valuation services and analytics tools, and improve their workflows with our platform technologies.
ChatGPT: Valuable Tool or a Replacement for RealEstate Appraisers? Guest Residence was built in 2001 with quality wood frame construction, smooth stucco exterior siding, and clay roof. As I talk with appraiser colleagues and realestate agents, I’m hearing this sentiment quite a bit. garage as well. Meanwhile, Ms.
The API empowers lenders with comprehensive property valuations and insights that persist consistently from prequalification through closing, helping to avoid valuation discrepancies that commonly disrupt the loan process.
Combination of national valuation tech company and innovative proptech startup will accelerate appraisal modernization and further democratize property data and insights. property through our field valuation services and analytics tools, and improve their workflows with our platform technologies. About Clear Capital. About CubiCasa.
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