BPO Tracker, Loan Valuation Outsourcer, changes name to Clear Capital
Company's Expanding Product Line - for Tape-to-Tie-Out Due Diligence - Dictates New Name
TRUCKEE, Calif., May 15, 2004 - BPO Tracker, a proven and reliable provider of loan valuation outsourcing, announced today that the company is changing its name to Clear Capital. The name change signifies Clear Capital's mission of providing customers a `clear view of their capital' with an array of tape-to-tie-out services for any financial institution dealing with the evaluation of a loan.
To date, the company has built its success on accurate, on time and on budget valuation services for mortgage originators, secondary market institutions and mortgage servicers. Clear Capital boasts 100% completion on BPO order fulfillments, exceptional customer care and efficient technology.
In addition to BPO and property inspections, Clear Capital customers will soon have access to multiple valuation products to effectively meet their tape-to-tie-out ("T2TO") needs.
"Our name change from BPO Tracker to Clear Capital is indicative of the company's growth and the evolving breadth and depth of our products and services," said Duane Andrews, CEO of Clear Capital, formerly BPO Tracker. "To date, Clear Capital/BPOTracker has focused exclusively on BPOs and Property Inspections.
Driving the demand for additional Clear Capital products and services is the need for higher quality valuations - faster, more accurate and complete order fulfillment regardless of the geographical location, with improved conveniences such as a customizable, user friendly technology platform."
Whether it's an order of 10 or 1,000+ loans, Clear Capital's web-based platform helps customers quickly and efficiently order, manage, track and share their valuation and due diligence reports.
Clear Capital has also developed custom forms and features, along with value-added tools to help make customers and brokers more efficient at their job. Free tools include FEMA disaster reports; county census data and zip code lookups; custom delivery tools; tailored and multiple file download delivery; email notifications and a unique Valuation Share Program whereby Clear Capital customers can share their valuation data with others.
Clear Capital recently marked a milestone of 100,000 BPOs in just over two years in business and attributes much of the success to its network of more than 16,000 brokers nationwide. The company is headquartered in Truckee, CA. For more information call 866-278-0120 or visit www.clearcapital.com.
Clear Capital is a registered trademark of Clear Capital.com, Inc.
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