Award recognizes the most innovative and impactful technology companies serving the mortgage industry
Clear Capital has been named a 2021 HousingWire Tech100 Mortgage winner!
HousingWire’s Tech100 Mortgage winners are companies that, according to HousingWire, have “helped those in the housing economy create new processes and adopt new technologies to navigate the housing market under extraordinary circumstances.”
In recent years — and especially with the onset of COVID-19 — there has been an acceleration of change that creates the opportunity to deploy new approaches and technologies. Clear Capital launched OwnerInsight™ in April 2020 during the height of the pandemic. The homeowner-enabled inspection tool offered a no-cost, nationwide solution to maintain social distancing while giving lenders, appraisers, and AMCs timely information from inside homes they were unable to physically enter due to covid-19. OwnerInsight is still available for free use today.
In addition, in September 2020, Clear Capital launched ClearLabs™, an in-house innovation lab set out to solve the real estate and mortgage industry’s most pressing challenges.
“Everyone wins through innovation — especially consumers,” said Jeff Allen, Clear Capital’s executive vice president of innovation labs, in a news release about ClearLabs. “With ClearLabs, our goal is to lean even deeper into innovation in a more accelerated way through focused research, testing, and development.”
Aside from the immediate need to modernize the appraisal process — which Clear Capital wrote about in a recent white paper — there are additional needs in the real estate and mortgage industry that the company aims to address. Clear Capital envisions a future with same-day property approval on new loans and a seamless process from the initial real estate transaction all the way through to secondary market decisions.
“After the uncertainty and unpredictability of last year, we expected a greater adoption of technology. However, these 100 real estate and mortgage companies took digital disruption to a whole new level and propelled a complete digital revolution, leaving a digital legacy that will impact borrowers, clients and companies for years to come,” said Brena Nath, HousingWire’s HW+ managing editor.