Search

Appraisal Modernization – ValueLink x Clear Capital

appraisal modernization ValueLink

The need to adopt innovative solutions cannot be overstated for Lenders and AMCs, and one such solution is the modernization of appraisals in the loan origination process. Appraisal modernization aims to enhance appraisers’ productivity by eliminating the need to collect data themselves. Instead, they can focus on analyzing properties using data gathered for them. This could mean spending more time working remotely, potentially increasing the number of appraisals completed per day and overall earnings. Fannie Mae’s Value Acceptance + Property Data program and Freddie Mac’s ACE+ PDR work towards enabling the same goals. 

ValueLink and Clear Capital have partnered to increase support for these appraisal modernization policy changes. 

Clear Capital’s Valuation Modernization Solution

Clear Capital recently launched Universal Data Collection (UDC), designed to support appraisal modernization and provide lenders with the feasibility to order Value Acceptance + Property Data and ACE+ PDR products. The UDC product is supported by Clear Capital’s mobile property data collection application, ClearInsight Platform, which allows real estate professionals to generate digital pictures of homes in a short span of time. 

Clear Capital is a leading technology and data analytics company that provides real estate valuation, analytics, and risk assessment services to mortgage lenders, banks, and other financial institutions, this new initiative aligned with the GSEs on Valuation Modernization Solutions allows lenders to waive appraisal requirements by leveraging property data and analytics. 

Clear Capital’s modern solutions offer lenders the opportunity to streamline the loan origination process by waiving the appraisal requirement for eligible transactions. This not only saves time but also reduces loan origination costs and provides lenders with interchangeability and efficient loan management. By leveraging property data and analytics, lenders can further scale their business and stay competitive in the market. 

ValueLink’s Partnership with Clear Capital

Through our partnership with Clear Capital, Lenders and AMCs onboarded by ValueLink can place orders for Value Acceptance + Property Data and ACE+ PDR through UDC.

This means lenders and AMCs can take advantage of the program’s benefits, such as waiving the traditional appraisal requirement for eligible transactions, thus saving time and costs associated with traditional appraisals. 

You can leverage this partnership by using the alternative valuation approaches that UDC supports so that you have streamlined, efficient and scalable loan processes. 

To learn more on how you can get started on placing Value Acceptance + Property Acceptance and ACE+ PDR orders, check out Clear Capital’s Press Release or contact us today.

Related Blogs

Share This Post:

Signup For Newsletter

Automate Your Valuation Management Process