Product offerings include Clear Capital’s home equity inspection cascade, automated collateral analyzer, and more
Today, Clear Capital announced that it has joined The Mortgage Collaborative, the nation’s largest independent cooperative network serving the mortgage industry, to provide alternative valuation and review products to its lender members. The addition of Clear Capital’s products serves to bridge the gap between today’s valuation approaches and the opportunity lenders have to take advantage of more automated, AI-driven solutions.
Clear Capital joining The Mortgage Collaborative means lenders now have access to our latest products, including:
- Clear Capital’s home equity inspection cascade, which offers 100% inspection coverage on home equity loans
- AURA®, the company’s automated collateral analyzer, which allows lenders to close loans faster by applying a risk-based approach to appraisal review
- High-quality property data, which offers a complete understanding of nearly every U.S. property, to empower informed decisions
“We are focused on modernizing the lending process, and being part of The Mortgage Collaborative allows us to serve as a one-stop shop for lenders who need automated, cost-effective solutions,” said Amanda Governale, Strategic Growth Director at Clear Capital. “With pending rate cuts, now is the perfect time for lenders to invest in exploring alternative valuations and other innovations that can save time while driving efficiencies.”
The Mortgage Collaborative’s mission is to empower mortgage lenders to gain better financial execution, reduce costs, streamline processes, develop personnel, and provide exclusive access to a nationwide network of industry leaders to help engage with the ever-changing American consumer base. Clear Capital is already a trusted partner to more than 50% of lenders in the Collaborative.
“Clear Capital has grown organically through great relationships with like-minded people and organizations over the past 25 years, and we recognize the importance of the broader community helping each other,” said Kenon Chen, EVP of Strategy & Growth for Clear Capital. “Joining this network really fits with our DNA and who we are. We’ve worked with the leadership of TMC over the past couple of years, and we’ve witnessed firsthand their healthy philosophy and approach toward connecting the industry.”
Clear Capital not only partners with some of the largest lenders and GSEs, but it empowers small and medium-sized lenders to succeed by removing some of the friction that comes with adopting non-traditional valuation techniques. Having collaborated with large, forward-looking institutions, as well as the GSEs, Clear Capital is now packaging its solutions for easy adoption without the need for robust internal technology capabilities. This is evidenced by the company’s integration with Encompass Partner Connect, the latest API framework for mortgage technology from Intercontinental Exchange (ICE).
Members of the Clear Capital team will be attending The Mortgage Collaborative’s upcoming event, taking place in Boston from September 14 – 16. To learn more about Clear Capital’s full product suite available to lenders through The Mortgage Collaborative, visit www.clearcapital.com.