Watch this demo from Digital Mortgage 2021 to see how ClearCollateral® Review — an automated collateral underwriting review system — delivers the industry’s leading dynamic appraisal review workflow system by using loan characteristics, automated appraisal risk assessments — including Fannie Mae’s Collateral Underwriter® (CU®), Freddie Mac’s Loan Collateral Advisor® (LCA), and the Federal Housing Administration’s Electronic Appraisal Delivery (EAD) findings — and external data.
As a result, all the analytical tools and data required to review an appraisal are in one place. In addition, machine learning enables the automation of the entire collateral underwriting process, reducing the review effort by 50% or more — depending upon reviewing Representations & Warranty (R&W) or non-R&W relief files — by eliminating manual tasks.
Video source: Digital Mortgage
