Clear Capital's latest innovation can help better mortgage underwriting | Clear Capital in the News
In the News

Clear Capital’s latest innovation can help better mortgage underwriting | Clear Capital in the News

By February 12, 2022 No Comments

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.

READ FULL STORY
Clear Capital

Author Clear Capital

More posts by Clear Capital