Story by Craig C. Rowe for Inman
Property valuation technology company Clear Capital is venturing into automated image analysis to help modernize underwriting.
The Reno-based company has Q1 plans to roll out ClearPhoto, a technology it calls, “a powerful set of AI-driven rules built into ClearCollateral Review.”
ClearCollateral Review is the company’s automated document review workflow, also a part of its efforts to lessen the lending industry’s dependence on manual underwriting tasks.
ClearPhoto’s introduction could mean big things for an industry plagued by delays, lack of manpower and, of course, insatiable demand.
ClearPhoto leverages computer vision to “see” the contents of photos to quickly ensure what’s read aligns with other provided property data. The process quickly validates image labels and can match the number and types of rooms with appraisal reports.
