Real Estate Appraisal Technology Provider clean capital announced on Thursday the expansion of its partnership with CoreLogic, Through an expanded partnership, Clear Capital recently launched universal data store The product will be available for order and fulfillment through CoreLogic’s suite of Evaluation Workflow Solutions,
Thank you for reading this post, don't forget to subscribe!“The key to appraisal modernization is widespread adoption, and with CoreLogic, we are expanding access to modern appraisal tools with the aim of pushing the mortgage industry closer to this new standard,” said Kenan Chen, Clear Capital Executive Vice President Strategy and development, said in a statement. “We have been a long-standing partner with CoreLogic, and we look forward to continuing to collaborate to advance assessment modernization together.”
According to Clear Capital, UDC assists lenders in modern appraisals and appraisal readiness. Lenders will be able to order through this integration fannie mae Or Freddie Mac Streamlined, as the UDC helps lenders ensure that both Freddie Mac and Fannie Mae meet data standards.
Clear Capital says this allows data to be transferred quickly to an agency with a loan program that best meets the borrower’s needs.
“At the root of our alliance is to simplify ordering and create an efficient set-up and implementation process for lenders,” said Bob Jennings, executive of platforms, collateral and risk solutions, at Collateral.com in a statement. “Clear Capital and Corelogic have supported the industry together for some time, and this expansion of our relationship is a natural next step as the industry adopts a more modern approach to valuation.”
Furthermore, Clear Capital states that their tool is “available at a fraction of the cost of a traditional appraisal, and is completed in half the time.”
According to the release, more than 1,400 mortgage lenders nationwide already use CoreLogic’s appraisal workflow solution, and Clear Capital currently serves more than 70 marketplace lenders through its integration into CoreLogic’s platform.
