Additions to platform include Clear Capital’s industry-leading ClearAVM and Collateral Desktop Analysis
RENO, Nevada — April 22, 2021 — AppraisalVision, the mortgage industry’s first on-demand digital platform for home appraisals and valuation products, today announced its enhanced technology platform with the integration of real estate valuation and analytics fintech leader Clear Capital’s highly-accurate automated valuation model (ClearAVM™) and its comprehensive appraisal review and analysis solution, Collateral Desktop Analysis (CDA®).
Through a digital platform built from the ground up by industry and data experts, AppraisalVision is transforming the appraisal and appraisal review processes for lenders, appraisal management companies (AMCs), and appraisers. In partnership with Clear Capital, the integration of ClearAVM and CDA ensures lenders have access to high-quality valuation products in a single platform as the industry focuses on appraisal modernization.
“We’re on a mission to reinvent the home appraisal and review process through innovative technology and a suite of alternative valuation products that reduce the time, cost, and risk for our clients,” said Jim Cutillo, founder and CEO at AppraisalVision. “Clear Capital’s valuation products will help us expand our reach and serve our client base more effectively by allowing us to ultimately deliver the tools lenders, appraisal management companies, and appraisers need to better serve their own customers.”
As one of the industry’s leading lending-grade AVMs, ClearAVM provides values for more than 124 million properties, which are updated frequently using near-real-time data. Designed to remove pre-funding uncertainty or support post-funding due diligence, Clear Capital’s CDA is an efficient, cost-effective method to determine if the appraisal under review is adequately supported.
“We’re focused on bringing industry-leading valuation tools, like ClearAVM and CDA, to lenders of all sizes so we can all work toward the same goal of impacting the mortgage industry for the benefit of everyone,” said Kenon Chen, executive vice president of corporate strategy at Clear Capital. “As we continue to reimagine the appraisal manufacturing process for the future, our partnership with AppraisalVision will ensure lenders using the AppraisalVision platform have access to high-quality and highly-compliant alternative valuation products.”
About Clear Capital
Our story began in the mountain town of Truckee, California nearly 20 years ago, when we pioneered delightfully simple, web-based valuation technology solutions for an industry relying on paper. Today, we’re grateful to call the nation’s largest banks and financial institutions our customers. We’ve grown to more than 700 team members who share and embody our unwavering commitment to build a better way. As we continue our journey to modernize valuation, we’ll hold on to our promise from day one: to go wherever it leads and do whatever it takes to serve our customers with remarkable technology and uncompromising service.
AppraisalVision is the industry’s first on-demand platform for home appraisals. Powered by Vision Analytics and their machine learning algorithm, known as an AQPM Score, AppraisalVision’s SMART products optimize AMC selection, appraiser assignment, and appraisal QC and review. Providing management of the order from start to finish, with their revolutionary data and analytical approach. Jim Cutillo, former founder and CEO of Stonegate Mortgage Corporation, is leading a team of tech savvy, next generation industry experts, focused on reinventing the appraisal process. For more information, visit AppraisalVision.com.
Caliber Corporate Advisers for Clear Capital
888-550-6385, ext. 7