Reno, NV — March 7, 2016 — Clear Capital, a premium provider of data and solutions for commercial and residential real estate asset valuations, announced its newest technology offering in a line of appraisal products, ClearVal™, a desktop appraisal report. This progressive solution allows home equity lenders to gain the confidence of an appraisal in a fraction of the time and cost of a full appraisal.
A ClearVal Appraisal report reduces valuation risk with an appraiser-concluded value, and is supported by a physical inspection of the subject property and the data, analytics, and technology that is core to Clear Capital’s valuation solutions.
ClearVal is completed in accordance with USPAP, and compliant with IAG, providing a strong value conclusion. The product is driven by credentialed appraisers, utilizes RealTime MLS analysis, and is supported by inspections from licensed Real Estate Brokers.
The desktop appraisal is backed by four levels of quality assurance including Clear Capital’s proprietary rules engine, (ClearQC®), a Clear Capital Broker Quality Assurance Analyst review, a second run through ClearQC to flag items for the reviewers, and a final human-based review by a Clear Capital Desktop Valuations Quality Assurance Analyst.
“By combining our top tiered talent and technology, we are able to deliver alternative valuation solutions such as ClearVal, which we believe are the future of our industry,” states Duane Andrews, CEO and Co-Founder of Clear Capital. “We have an incredible panel of Realtors and appraisers who are skilled and passionate about valuation. ClearVal is so powerful, because it utilizes the unique strengths of both of our professional panels, offering a quicker turn-time and more cost-effective solution than traditional appraisals.”
Features include an appraiser’s analysis of an interior or exterior physical inspection, relevant comparable data fueled by RealTime MLS analysis & public records, market data supplied by Clear Capital’s Home Data Index (HDI™), plus aerial imagery and mapping.
About Clear Capital
Clear Capital (clearcapital.com) is the premium provider of data and solutions for residential and commercial real estate asset valuation and collateral risk assessment for large financial services companies. Their products include appraisals, broker price opinions, property condition inspections, value reconciliations, quality assurance services, home data indices and platform solutions. Clear Capital’s combination of progressive technology, high caliber in-house staff, and a well-trained network of more than 40,000 field experts sets a new standard for accurate, up-to-date, and well documented valuation data and assessments. The Company’s customers include the largest U.S. banks, investment firms, and other financial organizations.