An automated quality assurance service that's got your back
When securing large numbers of valuation reports across multiple vendors, what you need is confidence. Confidence all your valuations adhere to underwriting guidelines, or that your valuation reports from various vendors are of high quality and well supported, or that investment decisions made on your large pool of loans are well informed and based on accurate data. That kind of confidence is not easy to get.
That's why we developed ClearQC™, a fully-hosted quality assurance service to automate the review of BPO and appraisal reports from any source or valuation provider. It reviews single valuation reports to very large pools of loans and accurately assesses report quality and risk. It watches your back so nothing slips through the cracks.
ClearQC was created from Clear Capital's own internal quality assurance system, developed and refined over a decade to analyze all of our valuation reports prior to human review. This two-stage review ensures that Clear Capital retains its reputation for providing valuations of the highest quality and consistency. We are pleased to now offer this automated review capability directly to our customers as a hosted service for use on any appraisal or BPO.
ClearQC uses sophisticated business rules and multiple data sources, including MLS data, public records, and the Clear Capital's proprietary market and comparable database built up over 11 years to score each valuation report for appropriate values and overall report quality. These scores enable you to prioritize review activities, streamline your workflow, and quickly identify and address potential concerns. We recognize that our clients only have so many hours in the day to review files; ClearQC ensures that your reviewers are spending their time reviewing the “right” files.
Using ClearQC within your valuation process will:
- Standardize quality control for all valuations, from any vendor
- Uncover systematic issues across properties or valuation vendors
- Reduce the cost and time for valuation reviews
- Reduce investment risk across loan portfolios
ClearQC is that feeling of confidence that you'll be informed with things are right, and alerted when they are wrong. It's the feeling your valuations will always meet underwriting guidelines and your investment decisions will be well supported. It's that feeling that someone (or something) is always watching your back.