Clear Capital: Comprehensive Real Estate Valuation Technology Solutions
Clear Capital is a pioneering real estate valuation technology company that has been revolutionizing the industry since its inception in 2001 in Truckee, California. The company is dedicated to providing innovative solutions that enable customers to make informed real estate decisions with confidence.
Key Products and Services
Valuation Services
Clear Capital offers a wide range of valuation services, including:- Automated Valuation Models (AVMs): ClearAVM™, one of the highest-rated lending-grade AVMs, provides accurate and reliable market value predictions with nationwide coverage, having powered over 139 million valuations across the U.S.
- Hybrid Appraisals: These solutions combine traditional appraisal methods with modern technology, delivering reliable opinions of value up to 50% faster than traditional appraisals.
- Desktop Appraisals: All-in-one desktop appraisals that are 50% faster than traditional methods, leveraging a network of experienced property data collectors.
Data and Analytics Tools
Clear Capital’s extensive database and analytics tools provide comprehensive insights into nearly every U.S. property:- Property Data Collection: With over 3 billion property data records spanning more than 50 years, Clear Capital offers one of the most extensive and ethically sourced data sets in the industry.
- Home Data Insights (HDI): This tool calculates home price trends from any effective date, providing up-to-date housing market data.
- ClearProp®: An interactive analytics tool with nationwide coverage that enables quick and comprehensive property value conclusions.
Collateral Review and Underwriting
- Collateral Desktop Analysis (CDA®): This tool removes pre-funding uncertainty by re-evaluating appraisals to deliver a comprehensive loan file.
- Residential Broker Price Opinion (BPO): A top-rated alternative to appraisals for servicing, origination, and investments, compliant with industry standards.
Inspection and Condition Reports
- Property Condition Inspection (PCI): Provides rapid property condition updates with risk summary reports generated by local agents and brokers.
- Post Disaster Inspection (PDI): Estimates damages and repair costs after disasters, with turn times as short as two days.
Automation and Efficiency Tools
AURA™
AURA is an automated appraisal review tool that speeds up the process for lenders by:- Automated Review: Automatically reviews appraisals for completeness, consistency, and accuracy using AI-driven rules.
- Condition Model: Assesses property condition using appraisal photos and data, flagging discrepancies.
- Ranked Comparables List: Analyzes data from MLS organizations to rank comparables, ensuring the sales comparison approach is correct.
- Risky Terms Detection: Scans appraisals for problematic language to detect bias and other issues.
Clear Capital Product Portal
This self-service platform streamlines the valuation process by allowing customers to order products quickly and easily. Key features include:- Quick Access: Customers can sign up and start ordering products immediately, managing their orders within the platform.
- Collaboration Tools: Facilitates team collaboration, fostering a more efficient process.
APIs and Integration
Clear Capital offers APIs to integrate its valuation and analytics solutions directly into existing systems:- Property Valuation API: Tracks property valuation orders in real-time, from creation through completion.
- Property Analytics API: Provides AVM tools that can be used from prequalification through closing, with the ability to add comparables or other property data in underwriting.