Mortgage servicers are staying busy. Whether or not they’re working with debtors on forbearance plans or serving to them refinance their houses, servicers are dealing with extremely excessive name volumes. And through these hectic occasions, they might profit from an answer that manages their portfolio to make sure they’re making well-informed selections.
Clear Capital’s suite of area valuations, actual property analytics, and platform know-how options assist servicers forestall fraud, test the accuracy of accomplished value determinations and dealer value opinions (BPOs), conduct portfolio valuation evaluation and updates, and assist with disposition evaluation on distressed loans. Most of all, they assist servicers consider and mitigate the chance of investments in a well timed method.
“Leveraging our personal actual property knowledge and analytics to amplify our broker- and appraisal-based valuation companies, Clear Capital delivers highly-accurate info with speedy turn-times and a sturdy high quality management course of,” stated Kenon Chen, EVP of company technique. “Our options are highly-compliant and observe essentially the most stringent tips and valuation necessities.”
Value, time, and compliance are three of the most important roadblocks confronted by lenders. Even earlier than the coronavirus pandemic, some servicers struggled to streamline the mortgage processes — particularly when coping with properties with increased valuation charges, operational prices, and longer mortgage processing occasions. To not point out, it may be troublesome for servicers to determine collateral that wants a extra in-depth look firstly of the mortgage course of, which may result in extra obstacles. Clear Capital’s Complexity Rating know-how will help servicers decide the robustness of the valuation product wanted for every property, guaranteeing that danger is mitigated whereas sustaining decrease prices and time-efficiency.
By paying shut consideration to what they really want, Clear Capital ensures customers get the best valuation products without overpaying. The corporate lately launched ClearLabs, an in-house analysis and growth group that works alongside trade leaders and government-sponsored enterprises (GSEs) to repeatedly construct on what’s doable in compliant actual property valuation and analytics.
ClearLabs has introduced modern options to the market, together with OwnerInsight™, a first-to-market homeowner-enabled appraisal inspection software, accessible free to all lenders, appraisers, and AMCs. The division additionally unveiled its Fashionable Appraisal Program, which offers servicers turnkey entry to the trade’s rising bifurcation initiatives for origination loans.
“Our firm goes wherever it leads and does no matter it takes to serve our clients,” stated CEO Duane Andrews. “We use analytics and know-how to resolve the problem of getting the proper valuation product, on the proper time, each time — guaranteeing our clients get a number of the greatest valuation companies within the trade.”
With an in-house crew of greater than 700 members throughout the nation, Clear Capital was capable of roll out a number of platforms to assist mortgage servicers make assured lending selections that save money and time.
“Our 20 years of valuation experience, modern analysis and growth by way of ClearLabs, and dedication to providing the very best customer support set Clear Capital other than others within the trade,” stated Jeff Allen, EVP of innovation labs.
Duane Andrews, CEO
As CEO of Clear Capital, Duane works alongside greater than 700 devoted “good individuals” to offer useful companies for almost all the prime 100 U.S. lenders and almost each mortgage investor, together with the GSEs.
Kenon Chen, Govt Vice President, Company Technique
As head of company technique, Kenon sits on the intersection of our government, product, advertising and marketing, and gross sales groups. For the reason that starting of Clear Capital, Kenon has developed and launched a few of our most forward-looking options, together with ClearProp™ and ClearCollateral®.
Jeff Allen, Govt Vice President, Innovation Labs
Main ClearLabs™ Clear Capital’s in-house innovation lab, Jeff heads tasks targeted on advancing the collateral valuation trade into the long run, together with analysis and growth tasks targeted on rising applied sciences, market analysis, and early-stage product incubation.