Clear Capital provides easier loan access through Ellie Mae

Clear Capital has expanded its valuation offerings to lenders by making ClearAVM available through the Ellie Mae Digital Lending Platform, the company announced.

In the wake of the COVID-19 pandemic, the Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) said they would allow the deferral of certain appraisals and evaluations for up to 120 days after the closing of residential or commercial real estate loan transactions through Dec. 31, 2020, the release stated.

“Giving loan originators easy access to ClearAVM demonstrates Clear Capital’s commitment to enabling confident decisions during a challenging time,” Clear Capital co-founder and CEO Duane Andrews said in a release. “ClearAVM is a highly valuable tool that will enable loan originators to receive a highly accurate, estimated value that will give them an additional layer of confidence before the loan closes.”