Powered by Clear Capitals 20+ years of experience, the UDC property data collection solution provides interchangeability and less complexity in management of loans, as well as ease of adoption with the availability of order management integrations, website ordering and API ordering. When a lender receives loan eligibility for agency loan programs that allow for an inspection-based appraisal waiver, UDC ensures the submission meets both Freddie Mac and Fannie Mae data standards, the company said. Who said Im not? Another question is whether this is actually a CC staff appraiser; one where CC paid her out of state license fees, or simply guaranteed a high enough volume to make signing whatever was put in front of her worth while. These appraisers have completed over 375,000 Collateral Desktop Analysis (CDA) reports to date. Whats the RegZ penalty again, 10k/20k, per instance, per day, or per both? Please enter your email to receive our current datasheet. Phone Number 5305505979. As Clear Capital has been very active as an early adopter of the Value VerifyTM program, we would love the opportunity to share what we have learned about the program. Im not trying to uncover your personal information. The "appraisal fee" was $250 but the AMC (Clear Capital) got $225, and this appraiser got $25 for each evaluation. https://www.youtube.com/watch?v=cp5BOZayOtA&feature=youtu.be. Let the states decide if there are regulatory issues. BBB File Opened: 6/22/2005. Our goal is to provide customers with a complete understanding of every U.S. property through our field valuation services and analytics tools, and improve their workflows with our platform technologies. Utter disgrace. The new solution also leverages Clear Capital subsidiary CubiCasas software to produce digital floor plans. 2. My fee in Virginia for a final inspection is between $100 to $150. ASC doesnt seem to have the will, mandate or authority. Through our Desktop Appraisal solution, seasoned appraisers can deliver an opinion of value up to 50% faster than a traditional appraisal, meaning mortgage lenders can confidently close loans faster for their customers.. IF no appraisers (or AMCs) ever have to worry about being held accountable, then THIS kind of work will become the norm for the profession. The Clear Capital appraisal came in at $307,000.. Because it was so low, it cost my customer over $400. Here is the link to a second hybrid report completed by the same appraiser. These specific cases involve issues that need to be brought before regulators attention to take care of the problems before the entire profession of appraisal loses whatever limited credibility it still has. See me waving? ClearCast host Kenon Chen sits down for a conversation with Sarah Knochel, CEO of Data and Analytics at Candor Technology, and Well if amcs had not already made it clear as day they will take punitive action against appraisers for standing up for themselves These companies are powerhouses of pressure and deception, true boiler rooms with virtually no individual accountability. Please feel free to reach out to me for any information you need. BTW, Georgia has NOT to my knowledge let this go by. We are clear, ethical, and transparent with respect to our fee structure and all aspects of our operations. Were at war?.You have to sacrifice a few to save the many?Youre as dim as the author. I did find that is was to be held in San Antonio in November. UDC data set provides lenders with immediate national scalability, interchangeability and less complexity for loan management. Wayne. Lets use USPAP to bolster our argument against this appraisal, but accept a black and white breach of the genesis of those governing standards in doing so? This is more of the same amcfest! At the time of the application the correspondent loan officer quotes a fee and refers them to the AMC who collects payment direct from the borrower before the order is ever put out to an appraiser. RENO, NV / ACCESSWIRE / March 30, 2022 / Clear Capital , a national real estate valuation technology company, has announced the launch of Desktop Appraisal and Desktop Data Collection, two . Audit time, how many similar products has clear capital approved, for how many different clients, in what states, and is failure to identify these obvious inconsistencies in reports a penalizable offense towards amc licensing? Paying me to have an opinion on this topic? Lord, where was the exit again, soon now, very soon. Somereaders might even say basic honesty is in question. Ill be filing formal complaint(s) tomorrow as I indicated in earlier posts. Why is it that a fee for an assignment an appraiser accepted the true underpinnings of such attacks on a human being? About Clear Capital Clear Capital is a national real estate valuation technology company with a simple purpose: to build confidence in real estate decisions to strengthen communities and improve lives. How and why the lending industry has been moving away from this common sense approach defies logic. The borrower most often doesnt even realize. If I come across any report like this one in my state, I will forward it to DLLR and file a formal complaint. Proving these are unreliable is easy, but that doesnt offer a solution. A Commercial Evaluation delivered by Clear Capital is a fast, comprehensive, fully compliant solution for a variety of loan servicing needs. Let's talk about Clear Capital's bifurcated, Hybrid Appraisal process. Clear Capital serves the mortgage and lending industries, offering clients intelligent valuation solutions for properties nationwide. Hi BigAI- Ive been appraising resi since the early 2000s and complete assignments in the northeast- I dont work for an AMC. He certainly doesnt need to have an attorney to file a complaint in Georgia, Indiana and California (where the AMC is purportedly located). Id argue its in the public domain. This particular amc seeks to completely rewrite the appraiser profession to function completely different and not even require licensed appraisers in the future. Clear Capital's ClearCollateral Review uses intelligent appraisal review automation to reduce manual efforts while improving appraisal quality control. Sort of an ice breaker, Something like this for a Tshirt Mike?? Please contact me. Just stumbled upon this. HW Media connects and informs decision makers across the housing economy. Its about taking care of our vendors and taking care of our clients with a higher level of integrity by combining what humans are good at with what computers are good at.. Matt I think we are ALL unhappy that disclosing this stuff is even necessary to begin with. There is a line that says appraiser and the name is typed in Michelle Shoven. The mantra of amcs these days. NONE. About what I can do; what an appraiser can do and what NPI is and how it may or may not be used and who can authorize its release. Its also ideal for valuing commercial properties to be used as collateral on business loans less than $1 million and for extending credit and loan modifications. This should also go to the sec, FTC, and the fhfa. Historically investor-bankers were protected by recourse lending. Additionally, Clear Capital completed the acquisition ofCubiCasa, a Finnish proptech startup that automates floor plan sketch creation and digitizes property data collection. Billions of dollars a year is a mighty large pie to take, amcs want it all as evident by this articles disclosure. However, I find it completely unnecessary and abhorrent to crucify an unsuspecting peer on a public forum like this. In some cases, the PDC will be adequate to underwrite the mortgage. Business Started Locally: GSE-Compliant 1004 Hybrid/70H Appraisal State Appraiser Coalitions & Organizations, Fraud Facilitating Misleading GSE Products, Uniform Standards of Professional Appraisal Practice, Mike Ford, AGA, GAA, RAA, SCREA, Realtor, Mike Ford, American Guild of Appraisers (AGA), https://grec.state.ga.us/forms-applications/investigations/, Mike Ford, AGA, GAA, RAA, SCGREA, Realtor, Mike Ford, AGA, GAA, RAA, SCREA, Realtor(R). The goal is to raise much needed awareness and support to change the broken AMC model within our industry. No analysis and very little liability. It would make an impact if more complaints were filed but Im not holding me breath on it. The solution also. I do appreciate your respectful post. Some how our legal system has favored some one over another, as do politicians. Anyone coming on here to spread misinformation, disrupt threads to further a personal agenda, attack others, start flame wars, or get their jollies by sockpuppeting, et cetera, will be banned! Lisa used a fake email address to comment in the first place and you started posting as Matt Schorle, pretended to be an appraiser, then switched to John Galt. Investor Approved and Lender Tested Our program was co-developed with and designed for the major investors and top lenders Her namewas simply cut and pasted on tothe report, never signed, as you can see from the electronic signature., appraisers should not complete these hybrids. Look it up and ask to join you will be vetted before entering, as only Appraisers are allowed. So far I have not found many details. Absolute garbage ! Clear Capital Announces ClearInsight+ to Support Freddie Mac's ACE+ PDR Solution, December 2022 Home Data Index Market Report and Forecast, Clear Capital completes acquisition of CubiCasa, Clear Capital Announces Universal Data Collection in Support of Fannie Mae Appraisal Modernization Policy Changes, Live from ICE Experience 2023. We get a lot of them here. "We wanted to provide an efficient and cost-effective method for data collection . Download Digital GLA/ANSI Alignment Datasheet, Download ClearCollateral Review Datasheet, Clear Capital is a national real estate valuation technology company with a simple purpose: build confidence in real estate decisions to strengthen communities and improve lives. WOW, How the hell could anybody come close to see this as anything else as complete BULLSHIT !!! If the industry wants a more cost effective and quicker value option, what can we as appraisers do to meet those needs? Contact Good luck making living. Theyve grown so large with armies of employees and lobbyists. It appears Clear Capital got just what they paid for I can only pray that this IDIOT (SORRY BUT THE ONLY WORD TO DESCRIBE HER) loses HER LICENSE & GETS SUED. Please enter your email to receive our current datasheet. Appraisers Blogs 2023. They even sit on the probable cause panels like the gestapo. Caliber Corporate Advisers for Clear Capital, Clear Capital Announces Universal Data Collection in Support of Fannie Mae Appraisal Modernization Policy Changes, Conversations at ICE Experience 2023: Sarah Knochel, CEO of Data and Analytics at Candor Technology, and Tom Booker, Chief Strategy Officer at Candor Technology, Conversations at ICE Experience 2023: Stephanie Durflinger, SVP, Product Management, ICE Mortgage Technology, Conversations at ICE Experience 2023: Brent Chandler, Founder and CEO of FormFree and Eric Lapin, President of FormFree, 5 Questions to Ask Your AVM Provider for Home Equity Lenders. Im not debating the quality of these products, theyre obviously flawed and should be used in a very limited capacity. At Clear Capital, the highest paid job is a Director of Product at $183,687 annually and the lowest is a Developer at $104,151 annually. We generally include authors' info at the end of each article. To actively listen and make sure everything is just so. We support your efforts by delivering: A Clear Capital team member will contact you soon. Modernization of the appraisal process has been coming for years for several reasons, but the primary reason is to make a mortgage close much more efficiently while maintaining risk control standards. Just imagine if sensitive client information you were legally obligated to protect was disseminated on the internet without your knowledge. The most up-to-date home price data and market insights, delivered monthly to your inbox. Baggs, Ive already filed a complaint with the Indiana Board. We understand that customers have different needs - from simple to complex. Youd never see the inside of a jail cell but could roll the dice that if you could hold up for just a few years, youd likely be a millionaire. Might be worth reaching out- Id be interested to know that too. Learn More About Integrating With Clear Capital! The other is more diverse-Social (fun) ; some help, some snarkiness and some infighting but mostly informative. As part of its commitment to increasing transparency and digitization in appraisals, and working to reduce bias in the process, Clear Capital continues to develop innovative solutions to solve the industrys biggest challenges. You can find forms for investigations against both the appraiser and broker in question at https://grec.state.ga.us/forms-applications/investigations/. Fiscal . The other three states would only be if one of he other states finds shortcomings. Let me correct this. Their policies also differ from Indianas as many states do. Wonder if the appraisals for funding were more great quality Rels or Corelogic AMC products? Multi state. This field is for validation purposes and should be left unchanged. Our commitment to excellence wherever it leads, whatever it takes is embodied by our team members across our brands (Clear Capital, CubiCasa, and REO Network) and has remained steadfast in this pursuit since our first order in 2001. Total fee was $250. Matt, you obviously know nothing about Mike Ford. Check on your order status at any time, then share your report files with your key stakeholders. It has what is alleged to be an electronic signature and we dont know if Michelle SHoven authorized use of her signature on these or not. Ive taken some hybrids For what ever the reasons, here we are today. Just your professional information. The results demonstrate a positive correlation at different stages of the performance appraisal. Hybrid my ass; those are for roses and fruit trees; part incompetence and part fraud does not make a credible opinion or report. If you want to be anonymous, just do so obviously. Near real-time issue resolution and escalation Zero calls go to voicemail during business hours. Easily access past reports, and manage any order placed by your business They define appraisers as a Financial Institution, and bound by privacy and confidentiality, no matter where they fall within the chain. Well said, Mike! National Appraiser Panel averaging 21 years experience and 7 years on our panel, Property Data Collection Specialists serving nationwide, Licensed/certified appraisers and Clear Capital PDC certified real estate agents/brokers with local MLS credentials and public record access Andrews said the cost and risk performance of appraisals conducted through Clear Capitals Desktop Appraisal product is consistent with traditional appraisals. I seriously am dumbfounded !!! Please enter your details below to grab your copy! The solution also leverages CubiCasa, a global-reaching real estate software company, to produce digital floor plans that provide Digital Gross Living Area (GLA), aligned with the American National Standards Institute (ANSI) standards. We have been planning for an industry-wide shift in appraisal backed by policy changes, and we have the data, analytics and technology in place to support this shift and enable widespread adoption of modern appraisal tools industry-wide.. LOL !!! Desiree- my original comment was not an attack; however, I do admit, and have apologized to Mike for, some of my subsequent comments. At least not yet. Delivering a reliable opinion of value for home purchase and refinance loans nationwide. Having said that-Kudos Des! Vulture capitalism at its finest. Replies to my comments Design by Real Estate Webmasters. Some time ago First American tried to push a product called a PACE PRO (desktop type) that had the probable fraud built right into it. Another AWESOME one was trying to do a 2055 on a house, only to find out no house and to top it off, the site was >100 acres and split into 3 conservation easements with complicated state, private, and federal rights. Their obligation to protect the NPI was to their client. There are some events which are just undeniable. It is my understanding that to date not a single one of them has ever been audited or held to compliance with the majority of lending rules which everyone else has to follow. Hahaha. If you want to help, please file a formal complaint. High 56F. The Justice department was investigating. I have dozens that Ive been given over the years as representations of bad work. Its hypocritical to claim full appraisals are needed to protect clients/consumers by causing harm to that very cohort. Obey. I simply wish to remain anonymous, not unlike others here. A buyer sustained real loss as a result of these. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Given how high inflation is right now, why arent mortgage rates even higher? Been verified says her phone number is 219-448-0697. A Clear Capital team member will contact you within one business day. Groundfloor talks big, but now we see the dark underbelly of this beast. Possible as a result of it being a non-FRT. Hell, Im ready to complete evals myself now that I see the bigger picture. Therefore, its an appraisers duty to determine what information can be considered NPI and required by law to redact it. (803)549-7529, 2023 ClearCapital.com, Inc. All Rights Reserved Privacy Policy | CCPA. The new product supports Fannie Maes newly announced Value Acceptance + Property Data program, according to the statement. *available in all states except West Virginia. This is remarkable to see this posted online. This is a BIG brokerage. I am very careful about how I parse any article where I am accusing anyone of actual wrong doing. Additionally maybe CFPB and we have already communicated with authors of recent SEC investigation articles. The combination of our rigorous certification program, easy-to-use mobile app, team of highly-trained data collectors, and meticulous quality control makes our program stand out from the rest.. How credible is your source? For 15 years our rules have harmed Appraisers and consumers AND assisted lenders and their agents. I was told Yes by an E&O underwriter when I asked if these Hybrids are being insured. UDC data set provides lenders with immediate national scalability, interchangeability and less complexity for loan management RENO, NV / ACCESSWIRE / March 2, 2023 / , a national real estate . Clear Capital the 2022 HousingWire Tech100 mortgage company, founded in 2019, has completed more than 250,000 data collections for agency loans, which utilize appraisal modernization programs. We recommend you contact your Freddie Mac representative to learn more about their program at this time. GUESS WHAT.. ? Headquarters. Lets pull down the "mirror" and reverse it upon the lenders All of what you say makes sense. Just ONCE Id like to see a patriotic legislator rather than one tied to all the undermining subversive special interests. Let me help you John-Matt, the answer is a resounding NO!. Seems like funny lyrics for a song but those folks over in Texas sure looked like they were having fun. The are only 2 Northeast appraisers with schor in their last names and both are females: Paula in NY and Kelly in MA. For more information on Universal Data Collection, visit ClearCapital.com/udc. Please enter your email to receive our current datasheet. I disagree, I also believe youre obligated as an appraiser, which were defined as an institution under the law, to protect the NPI in that report. Save my name, email, and website in this browser for the next time I comment. Our experienced panel provides coverage across 90% of the U.S., meaning lenders can broadly adopt Desktop Data Collection and quickly scale nationwide, he said. In my humble non legal opinion Yes, that sure seems like bank fraud to me. I fully understand the obstacles of our profession, and yes, Im an appraiser and also doggedly seeking ways to stay relevant in the evolving valuation world. I sure would hate tor anyone to know that Wayne Courtney is my name. There have been complaints sent to AB all from the same ISP claiming different false email addresses saying appraiser has been receiving threats. We blend a human touch with leading edge data analytics to ensure your total satisfaction. Download Digital GLA/ANSI Alignment Datasheet, Download ClearCollateral Review Datasheet, , a national real estate valuation technology company, today announced the launch of, , the latest in the Companys suite of products designed to support appraisal modernization. Go ahead and call them. Regulation is a paper tiger, every single employee of amcs should be licensed and regulated, they officially have more influence than all the licensed people of this industry combined. I dont disagree Matt,Iprobably wouldve redacted some of that informationbefore posting if it were me. An Indiana state certified appraiser based in Indiana who is also certified in other states including Georgia did an evaluation of a number of properties in Georgia. As soon as we get it, well post an announcement. Easy guys. When I do so it is with full understanding that I am at risk of retaliation. A consumer can indeed make their information public, but a loan number and client name isnt theirs according to these laws- its the clients and need authorization to be released. The proposed change would raise that number to $400,000, well above Houston's median home. Best of luck! You know, like a $25 signature licensing fee. Lumped in with me ? Regardless, my name is not germane to this discourse. This deserves its own article. UDC is supported by ClearInsight, a mobile app where real estate professionals to generate a complete digital picture of a home. Download Digital GLA/ANSI Alignment Datasheet, Download ClearCollateral Review Datasheet. Congress probably wont do it. Thank you Hooligan for the heads up, Mike. (375k instances of confirmed disproportionate fee skimming not in compliance with C&R rules.) Then why arent you listed in the asc registry? Its real easy to avoid being the focus of these kinds of articles. Thanks! Unfortunately, this could result in legal implications for those parties. My favorite part was approving broker price opinions that Wells Fargo had ordered and stated in writing, would be used for lending purposes. Research and investigate. As usual, the largest companies are the most aggressive, pushing the envelope of ethics and acceptability. Regardless, please lets stay on-topic and not make this personal. Of the top ten sales the Clear Capital AVM used: five are two-story structures; one was not listed in the local MLS; another was listed but had no photos and no agent comments at all; one was a bit older and smaller; and the other two would have made acceptable alternative comparables in my report. Virginia VA $660) $530) $925) $630) Vermont VT $990) $860) $1,315) $970) * Suited for commercial small balance originators, loan servicers and capital markets participants, Commercial Evaluations delivered by Clear Capital provide total flexibility in scope of work, offering multiple form options to fit your needs. The BizBuySell Team. Desktop Data Collection will empower mortgage lenders to broadly adopt desktop appraisals with the certainty that an appraiser will be provided the necessary property information to complete a desktop appraisal. That solution should come from us. People have already been harmed by these two reports. Over 28 years appraising all property types and interests, in Southern California real estate. Reports come in your choice of formats: CDA and CDA + Broker Generated Listing Report. There was no need to post the actual files with loan numbers and use the appraisers actual name. The incident involved Social Security Numbers. Honorable Mention goes to Coester VMS and Streetlinks. We are helpless in the face of major corporations and their employees whom have no personal accountability. Wait, I know, the lender gets a deal out of it.lol..have mercy on this appraiser soul ! They and anything they contained ceased to be NPI at that point. Please enter your details below to grab your copy! Few here would survive the competition from unfettered appraisers and agents allowed to produce these things with impunity. May 31st . But FNMA says they will be "professionally trained", and vetted at "Reconciliation" of horse shyt is nothing new. lol. UDC supports Fannie Maes newly announced, We have seen seismic shifts across the housing market in the past year, and the appraisal modernization policy work being done by Fannie Mae and Freddie Mac provides a welcomed change as alternative valuation approaches provide a crucial path forward for lenders and homeowners alike, said, , EVP of Strategy and Growth at Clear Capital. Look at the thumbs up/down ratios. Thats inconvenient. Operating Status Active. RENO, NV / ACCESSWIRE / March 2, 2023 / Clear Capital, a national real estate valuation technology company, today announced the launch of Universal Data Collection (UDC), the latest in the Company's suite of products designed to support appraisal modernization. Deceit and lack of credibility are not compliance. My favorite is being asked by CC to do an appraisal for Wells Fargo asset valuation and going to site and wandering around for almost an hour trying to find the house not finding it based on plat map and satellite information, only to finally realize it was missing. About Clear Capital Whether youre funding a conventional loan, a refi, a HELOC or making REO decisions, Clear Capitals residential and commercial appraisal management services deliver exactly what you need, when you need it. Its scary to me that multiple strangers are trying to find personal information on me. Then, we combine human expertise with analytical insights for valuations that help you make better decisions Learn more about our Modern Appraisal solution - PLATFORM Mitigate Risk Before It Costs You a Bundle.