Real Estate Appraisal Technology Provider clean capital On Thursday launched the Universal Data Compendium (UDC), a product designed to support assessment modernisation. According to a statement, the UDC product provides lenders with scalability, interchangeability and tools for debt management.
Thank you for reading this post, don't forget to subscribe!The UDC will provide fast and accurate collection of data, in accordance with Freddie Mac and Fannie Mae data standards, when lenders “obtain loan eligibility for agency loan programs that allow inspection-based appraisal discounts,” according to the statement.
The company said that UDC will act as the only product to meet the change in assessment modernization policy at “a fraction” of the cost and “half the time” required for traditional assessment.
“Simplicity of implementation is at the heart of universal data collection, and we have focused on removing the adoption and loan management barriers that are so common in the traditional appraisal process to create a product that will help facilitate the future of appraisals.” Will do,” said Dan McAllister, director of product management at Clear Capital, in the release.
supported by UDC ClearInsight Platform, Clear Capital’s mobile property data collection application, which allows real estate professionals to create digital photos of homes in a short amount of time. The new solution also leverages software from Clear Capital subsidiary Cubicasa to generate digital floor plans.
new product supports Fannie Mae’s The newly announced Value Acceptance + Asset Data program, according to the statement. UDC will also cooperate Freddie Mac Ace+ PDR solution for Lenders to enhance their business.
The company claims that the UDC will also provide flexibility, as eligible loans can be transferred across the agency, with a loan program that best meets the borrower’s needs. The asset data collection solution will manage loans and their adoption through order management integration, website ordering and API ordering.
Clear Capital – 2022 housing wire Tech100 Mortgage Company, founded in 2019, has completed over 250,000 data collections for agency loans that use appraisal modernization programs. The company has a panel of over 4,200 brokers and agents, allowing it to provide 97% coverage to lenders nationwide.
