Finland capital

Clear Capital Announces Office Valuation and Office Property Data Collection Solutions

New products support faster appraisals, help deliver reliable property data and GSE-compliant floor plans

RENO, NV/ACCESSWIRE/March 30, 2022 / clear capital®a national real estate appraisal technology company, announced the launch of Office assessment and Office data collectiontwo products designed to further modernize and increase certainty in the assessment process.

Clear Capital now offers Desktop Appraisal, a GSE 1004 Desktop/70D compliant residential appraisal that quickly provides a reliable opinion of value with price certainty. Additionally, the company announced Desktop Data Collection, a certified, background-verified property data collection service designed to capture information, photos, and generate high-fidelity floor plans with interior walls and a digital gross living area (GLA) aligned to ANSI. to help assessors perform a desktop assessment with confidence.

“The recent additions of desktop reviews to the Fannie Mae and Freddie Mac sales guides have been a significant milestone for our industry, as the desktop option can help provide faster reviews while easing capacity constraints on appraisers and helping to standardize the collection of property data,” said Duane Andrews, CEO of Clear Capital. “With our desktop appraisal solution, seasoned appraisers can provide a valuable opinion up to 50% faster than a traditional appraisal, which means mortgage lenders can close loans faster and with confidence. for their customers.”

Andrews said the cost and risk performance of appraisals conducted through Clear Capital’s Desktop Appraisal product is consistent with traditional appraisals. Standard pricing with no fee increases means assessment costs are always clear from the start.

With Clear Capital’s desktop appraisal product, a certified data collector completes a desktop data collection report to provide property information and photos that fill in gaps in public sources, allowing the appraiser to perform an office assessment.

Clear Capital’s “Desktop Data Collection”

Desktop data collection will allow mortgage lenders to widely adopt desktop appraisals with the certainty that an appraiser will receive the property information necessary to complete an office appraisal.

Certified data collectors, who are real estate agents or brokers on Clear Capital’s panel, can coordinate with the property contact to complete simplified residential property data collection that includes condition information. property, accurate, high-fidelity photos and floor plans with interior walls. The data is reviewed for quality assurance purposes and then provided to an Appraisal Management Company (AMC) or a group of directly engaged appraisers chosen by the lender.

Dan McAlister, director of product management at Clear Capital, said Desktop Data Collection’s accessibility and the company’s national panel of data collectors should make it an attractive offering for lenders.

“Our experienced panel covers 90% of the United States, which means lenders can widely adopt desktop data collection and scale quickly nationwide,” he said. “The product can be easily integrated into many leading order management systems, simplifying the ordering process. Lenders can use their existing AMC or directly engaged appraiser committees to reliably supplement the desktop appraisal with the necessary property data. »

Lenders can purchase a package including Clear Capital’s Desktop Appraisal and Desktop Data Collection solutions, or opt for Desktop Data Collection as a standalone product. To visit www.clearcapital.com/solutions/desktop/ to learn more.

Continuous innovation

Clear Capital’s desktop valuation and desktop data collection products follow the release of the Interagency Property Valuation and Equity (PAVE) Task Force Action plan, which called for more objectivity and consistency in property details and information used in appraisals. As part of its commitment to increasing the transparency and digitization of valuations, and working to reduce bias in the process, Clear Capital continues to develop innovative solutions to solve the industry’s biggest challenges.

Over the past year, Clear Capital announced the innovation of ClearPhoto™a powerful set of AI-based rules built into ClearCollateral® Review, automating the review of property photos and ensuring they are aligned with the appraisal data and sketch. The company also has announced ClearInsight™an easy-to-use mobile app that allows real estate professionals, homeowners and appraisers to quickly generate a complete digital image of a home.

In addition, Clear Capital completed the acquisition of CubiCasaa Finnish proptech startup that automates the creation of floor plan sketches and digitizes the collection of property data.

To learn more about Clear Capital and its products and solutions, visit ClearCapital.com.

About Clear Capital

Clear Capital is a national real estate appraisal technology company with a simple goal: to build trust in real estate decisions to strengthen communities and improve lives. Our goal is to provide clients with a complete understanding of every U.S. property through our field valuation services and analytical tools, and to improve their workflows with our platform technologies. Our commitment to excellence – wherever it leads, whatever it takes® – is embodied by more than 1,400 team members across four brands (clear capital, Clarion, CubiCasaand REO network) and has remained steadfast since our first order in 2001.

Media Contact:
Ryan Room
Corporate Advisers caliber for Clear Capital
[email protected]
949-280-4704

THE SOURCE: clear capital

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