A revolutionary way to connect data, technology, and people to compliantly approve collateral transactions and close more loans faster.
ClearCollateral Review 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. All the analytical tools and data required to review an appraisal are in one place.
Instead of the error-prone process of reviewing PDF-based appraisals manually, ClearCollateral Review can automatically do it for you. Our system maps data from the report into new and useful views, allowing you to quickly review a data snapshot when performing a low-risk review on appraisals that don’t require a deep dive.
time and complete
By using machine learning to automate the collateral underwriting process, you can reduce your review effort by 50% or more — depending upon reviewing Representations & Warranty (R&W) or non-R&W relief files — by eliminating manual tasks. Close loans faster, improve customer satisfaction, increase profitability, and win the market.
With reduced review time, you can provide a quicker turnaround on the appraisal process, providing a better experience to more customers.
Apply a cost-effective process
Our Tier system directs the right reviewer for the job to complete the right level of review for each file. This means you’ll spend less time reviewing low-risk files, and your senior reviewers can focus on the files that require their expertise.
Avoid loan delays
The system separates your collateral review team from your credit review team to avoid over- or under-review of appraisals by assigning reviews to experts with the right qualifications for the job.
Appraisals are reviewed as they return to the lender, which means revisions are requested immediately, and only when needed based on risk policies. This helps avoid additional costs from delayed loans due to unnecessary revisions.
principles are met.
Keep your investor’s guidelines at the forefront while you review the appraisal, as ClearCollateral Review is configured to meet a lender’s risk parameters dynamically — regardless of how risk is viewed — to automatically determine the required scope of review.
Increase your capacity
Scale the system
to your volume.
With dashboarding and reporting that allow you to easily understand volume and behavior, tools like Tiers, Quick Views, and configurable Review Forms allow you to build processes that scale, and keep you efficient — no matter your volume.
Use a new system with ease
Rely on a
The system has a modern, clean interface so that you can navigate easily through the review process.
Our cloud-based architecture runs over a million transactions per month. We’re used to heavy volume, so ClearCollateral Review will maintain its performance when your volume increases without needing any system modifications.
Gain time from our experience
With almost 20 years of reviewing valuations, we know quality. Let us help you by leveraging our years of experience in both collateral review and building solutions for reviewers’ teams so that you can focus on closing more loans.
Configured to meet IAG, USPAP, federal and state regulations, and federal and state legislation.
ClearCollateral Review is designed to integrate into existing appraisal management systems, creating a clean process that works well with your ecosystem.
Quickly and efficiently assess volume totals, reviewer performance, and the overall review pipeline.
Configurable Review Forms.
Create your own specific Review Forms based on criteria like form type or investor to ensure all the right questions are answered to increase efficiency and reduce errors.
This intelligence entity leverages proprietary, world-class data to take out the manual work for you. Appraisal data elements are checked for completeness and consistency, valuation best practices, and lender specific concerns. Potential trouble spots are highlighted for reviewers — saving time, and reducing human error.
Valuation Accuracy Score.
Quickly understand the risk of over- or under-valuation by comparing it to ClearAVM™ — our lending-grade valuation engine.