Clear Capital® Announces ClearQC™ Quality Assurance Service
Combines sophisticated business rules and extensive market data for deeper insight into valuation quality and property risk.
TRUCKEE, Calif. – March 28, 2012– Clear Capital (www.clearcapital.com), a leading provider of data and solutions for commercial and residential real estate asset valuations, announced today the availability of ClearQC™, a fully-hosted service to automate the review of BPO and appraisal reports. The system brings new levels of speed and intelligence to the valuation review process, with refined business rules and multiple data perspectives to create the most progressive automated review service available from any vendor.
ClearQC finds the “needles in the haystacks” for internal review teams. It allows loan originators, servicers, and investors to run all of their valuation reports from any provider through an automated process to highlight complete and well supported valuations, and also flag those needing further attention.
“To ensure our appraisals and BPOs consistently lead the market in quality, we’ve spent the last decade developing and refining an advanced internal system to analyze our own valuations prior to human review,” said Kevin Marshall, President and Co-Founder of Clear Capital. “We were frequently asked by clients if we could run non-Clear Capital valuations through our system as they recognized the lift in quality that ClearQC provides. Now for the first time, we are excited to offer these automated review technologies directly to our customers as a hosted service for any BPO or appraisal, helping create a much more powerful and efficient review process.”
ClearQC’s advanced rules evaluate areas of the report such as selection of comparables, price conclusions, the effect of market trends, and the completeness and validity of data. The company provides a full set of pre-defined rules based on best practices learned over a decade of valuation experience, and will also work with customers to develop customized sets of rules to meet their specific business needs.
The data used by ClearQC to support the analysis includes MLS data, including sales and listings data, public records, Clear Capital’s HDI™ (Home Data Index) market data, and the company’s proprietary market and comparable database built up over 11 years. This data powers evaluations of value ranges, selection of comparables, and appropriate vendor proximities and behaviors.
“Our mission has always been to provide confidence. ClearQC lives up to that mission by giving our client’s confidence that they are spending the time reviewing the loans that have the highest potential for valuation risk or quality issues. This shortens review cycles, lowers their review costs, and drives up the confidence they’ll have in their investment decisions,” continued Marshall.
ClearQC has been in beta-release since February, and is now generally available. The service is priced on a per report basis and hosted in Clear Capital’s secure data centers with full redundancy. For more information, please visit: www.clearcapital.com/products/clearqc.cfm or contact us at email@example.com
About Clear Capital
Clear Capital (www.clearcapital.com)is a premium provider of data and solutions for residential and commercial real estate asset valuation and risk assessment for large financial services companies. Our products include appraisals, broker-price opinions, property condition inspections, value reconciliations, and home data indices. Clear Capital’s combination of progressive technology, high caliber in-house staff and a well-trained network of more than 40,000 field experts sets a new standard for accurate, up-to-date and well documented valuation data and assessments. The Company’s customers include the largest U.S. banks, investment firms and other financial organizations.
Heather Pond, Atomic PR for Clear Capital
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