Clear Capital and ValueLink Expand Partnership to Support Recent Appraisal Modernization Policy Changes
Clear Capital’s Universal Data Collection™ now available on ValueLink’s Appraisal Management Platform
Reno, Nev. – May 10, 2023 – Clear Capital, a national real estate valuation technology company, today announced an expansion of its partnership with ValueLink, a leading valuation management platform, to increase support for appraisal modernization policy changes. ValueLink customers now have access to Clear Capital’s proprietary Universal Data Collection (UDC™), which ensures fast and accurate collection and submission that meets Freddie Mac and Fannie Mae data standards for property data reports and property data collections respectively.
Launched in March of 2023, Clear Capital’s UDC provides flexibility, as eligible loans can be quickly and easily transferred to the agency with the loan program that meets the borrower’s needs, without the need for an additional product. In addition to immediate national scalability and coverage, UDC is available at a fraction of the cost of a traditional appraisal, and completed in half the time.
“In support of the appraisal modernization policy changes, it’s imperative that we are able to provide lenders with an efficient and seamless experience,” said Kenon Chen, EVP of Strategy and Growth at Clear Capital. “This expansion of our partnership with the ValueLink team will make it easier for lenders to adopt new options, drive appraisal modernization across the industry and ensure a better valuation experience for consumers.”
Clear Capital’s UDC property data collection solution provides lenders with interchangeability and less complexity in loan management, as well as ease of adoption by integrating with ValueLink’s appraisal management platforms. Clear Capital’s trained, certified and background-checked data collectors utilize ClearInsight™, an easy-to-use mobile app that enables real estate professionals to quickly capture robust, digital characteristics of a home, and CubiCasa®, the automated floor plan mobile app that creates digital floor plans aligned to ANSI standards, to ensure the accuracy of the data collection.
“We are thrilled to expand our partnership with Clear Capital by adding the Universal Data Collection offering through our Lender and AMC platforms. These alternative valuation initiatives are a gateway to a modern appraisal process, as they reduce origination times, reduce costs and provide a better experience to our borrowers,” said Aqil Ahmed, SVP of Operations at ValueLink.
ValueLink Software provides industry-leading appraisal management solutions for lenders, appraisal management companies and appraisers. Utilizing a combination of automation, AI, powerful functionality and mobile technology, ValueLink is transforming valuations across the mortgage ecosystem by offering support for appraisals, hybrids, BPOs and inspections. The appraisal modernization policy work being done by Fannie Mae and Freddie Mac is providing alternative valuation approaches that provide more opportunities and flexibility for lenders. For borrowers, this modernization can provide upfront value certainty and reduced costs for eligible loans.
In June 2022, Clear Capital and ValueLink partnered to bring Clear Capital’s Collateral Desktop Analysis (CDA®) to ValueLink customers. Through that integration, ValueLink customers can easily set up automated ordering rules, which allow lenders to manage the geographic regions and volume of their CDA orders.
About Clear Capital
Clear Capital is a national real estate valuation technology company with a simple purpose: to build confidence in real estate decisions to strengthen communities and improve lives. Our goal is to provide customers with a complete understanding of every U.S. property through our field valuation services and analytics tools and improve their workflows with our platform technologies. Our commitment to excellence – wherever it leads, whatever it takes® – is embodied by our team members across our brands (Clear Capital, CubiCasa, and REO Network) and has remained steadfast in this pursuit since our first order in 2001.
About ValueLink Software
Founded in 2009 and headquartered in Houston, Texas, ValueLink Software provides the industry-leading valuation management technology for Lenders, Appraisal Management Companies and Appraisers to easily manage and track orders in real-time while ensuring regulatory compliance. For more information, visit valuelinksoftware.com.
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