Please enter your email to receive our current datasheet. Potential class action suits are not off the drawing board either. Notify me of followup comments via e-mail. In one of the earlier lender crises, S&L and bankers were absorbing the losses by taking over the failed portfolios, many vacant properties were found which should have been occupied! Clear Capital, a national real estate valuation technology company, has announced the launch ofDesktop AppraisalandDesktop Data Collection, two products designed to further modernize and increase certainty in the appraisal process. Go ahead and call them. !I Is there not a rule that we appraisers CAN NOT mislead the reader of the report..The as-is value is so high, seller walks away with a lot of MONEY, probably the bank owns it.lol As repaired is so high ! How much did you get paid for this review and article?? Some how our legal system has favored some one over another, as do politicians. Did a lot of foreclosure appraisals over the past 57 years, never had a lender nor the VA provide the original loan appraisal. And their sole purpose is to disrupt normal conversation and pit appraisers against each other. New tools from Clear Capital facilitate desktop appraisals Real estate agents and brokers approved by Clear Capital provide property information that supplements data from public sources,. Matt couple thoughts, if the name is a nom de plum please just say so because there is no Schorle licensed in ASC directory. Their policies also differ from Indianas as many states do. Most industries have defense clauses written in making both parties to the contract responsible. As for harm to the consumer it was the consumer that supplied the reports. Theyve grown so large with armies of employees and lobbyists. Wait until the first one hits the fan. Think of the fair balance and differences between outright fraud and deception vs simple disclosure to counter improper and recent standards board advisement vainly trying to legitimize these god awful industry destructive products and practices. Even if it were, WE have no client relationship with the pondscum that produced the format used. https://www.asc.gov/national-registry/findanappraiser.aspx. PalmerHouse Properties has recently expanded to Florida, North Carolina and Missouri. Clear Capital's Desktop Appraisal and Desktop Data Collection products follow the release of the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) Action Plan, which called for more objectivity and consistency in property details and information used in appraisals. Or, do we have a trusted delegated third party inspector who in turn is also reassigning the BPO inspections? 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! Desiree- my original comment was not an attack; however, I do admit, and have apologized to Mike for, some of my subsequent comments. in extra Origination Fees because, on paper, my customer went from 57% LTV (43% equity) to 62% LTV (only 38% equity). This field is for validation purposes and should be left unchanged. The other is more diverse-Social (fun) ; some help, some snarkiness and some infighting but mostly informative. I sure would hate tor anyone to know that Wayne Courtney is my name. Take the past 100 years worth of regulation and structure in real estate, throw it in the trash can and let the amc tech crew rewrite the entire industry in their image instead. Thank you Hooligan for the heads up, Mike. Then why arent you listed in the asc registry? ClearAVM + PCI is an alternative to an appraisal for low-risk home equity transactions less than $400K. How and why the lending industry has been moving away from this common sense approach defies logic. Put her out of her misery. Learn More About Integrating With Clear Capital! 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? We wanted to provide an efficient and cost-effective method for data collection ordering and management that satisfies appraisal modernization policy changes, and delivers more confidence in closing times along with a faster, lower-cost experience for consumers, said Dan McAlister, Director of Product Management for Clear Capital. This deserves its own article. Also, need to get original borrower (property owner) to see if he wants to file complaint with CFPB; and / or go after appraisers E&O. 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 . Read their own statements. Near real-time issue resolution and escalation Zero calls go to voicemail during business hours. I am not sure what the agenda of this Fest will be. What I do know is that they do not get to claim USPAP compliance if they dont actually comply. The company claims UDC will also provide flexibility, as eligible loans can be transferred to the agency, along with the loan program that meets a borrowers needs. The borrower most often doesnt even realize. Where have you been? The latest was that they were still working out some details. This field is for validation purposes and should be left unchanged. Fiscal . Either way, Im hopeful her reputation isnt tarnished beyond repair. Investor Approved and Lender Tested Our program was co-developed with and designed for the major investors and top lenders Trolling here is very real and often nefarious. Clear Capitals Desktop Data Collection. Hope someone printed it. "We wanted to provide an efficient and cost-effective method for data collection . Five initial training modules with continuous support Hi BigAI- Ive been appraising resi since the early 2000s and complete assignments in the northeast- I dont work for an AMC. The solution also leverages real estate software company CubiCasa to produce digital floor plans that provide Digital Gross Living Area aligned with the American National Standards Institute standards. I dont disagree Matt,Iprobably wouldve redacted some of that informationbefore posting if it were me. Company A maintains a strict quality control process and incurs appraisal costs of $150,000 per month, whereas Company B chooses not to check for quality because they are confident in their manufacturing process. The 100% Real Estate Appraisers Group is for Independent appraisers and all appraisers will be vetted before being added to the group. Clear Capital: Intelligent Valuation Solutions Nationwide USA Phone: (530) 550-2500 Web: https://www.clearcapital.com/ Category: Realtors Clear Capital: Intelligent Valuation Solutions Clear Capital: Intelligent Valuation Solutions Real Estate Agents: Avoid Clear Capital Valuation Solutions, Truckee, California Nationwide Nothing wrong with anonymity; and contrarian views have as much place here as those that are on the opposite side of them. I respect the opposing view though I disagree with it in these circumstances. logies. Standard pricing without any fee escalation means the appraisal costs are always clear upfront. We are focused on continuous improvement and look to expand our expertise through . Dont worry Matt. A realtor is an advocate, an appraiser is not. How come these issues arent debated intelligently by anyone? The Obvious Choice for Appraisal Review: Collateral Desktop Analysis (CDA ) Designed to remove pre-funding uncertainty, the CDA re-evaluates the original appraisal so you can deliver a comprehensive loan file quickly. My inquires found that the property had never been Patented, but was the product of several arms Length? 3. 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., an easy-to-use mobile app that enables real estate professionals to quickly generate a complete digital picture of a home. A business appraisal is a process involving a professional appraiser assessing a business's fair market value. Approximately 168 million appraiser earning dollars absent due to the aggressive nature of these products, and that does not even consider the much larger portion of fee skimming and unearned fee raking. She may thank us for bringing this to her attention; or she may choose to offer other explanations refuting what we see here. Headquarters. and lastly Im a little guy that is frankly just fed up with being screwed over by too big to be held accountables pissing on my leg and telling me its rainfall. Kinda glad Appraisers Fest will be there now. 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.. Catching the appraiser seems inconsequential. They and anything they contained ceased to be NPI at that point. I dont enjoy it. The BizBuySell Team. Its your choice. This program is similar to a bifurcated or hybrid appraisal in that the appraiser concluding the value may not be the real estate professional visiting the property. Please enter your details below to grab your copy! Wow great work Mike Ford. But if you do, know that you cannot come here and pretend to be someone you are not, attack a valued and respected member of our industry without being scrutinized. Old Republic used to Baggs, If I bought at 2% or 3% 30-year fixed and Virginia Coalition of Appraiser Professionals. 1. The 10k/20k fine set was supposed to put them all out of business. Legal Name Clear Capital. You said yourself, you were given the report by the client and you werent sure the appraiser even signed it. What happened to doing something different for the appraisers by the appraisers without amc sponsors or attendance? In 10 short years the amcs grew to monolithic giants whom dominated the landscape over all others, avoiding disclosure, individual accountability, and licensing on every turn. My understanding is that in these two Georgia cases, the owner finished all his planned renovations and wanted to refinance out of the short term loans. Can you provide everyone here the name of the client who provided you the report? In this program, there are instances in which the value conclusion will be deemed unnecessary by investor rules. If you want to be anonymous, just do so obviously. It has to be notarized so I will have a friend do that tomorrow. Edit your clear capital bpo online Type text, add images, blackout confidential details, add comments, highlights and more. Also, why not have a discussion with me rather than whatever it is youre doing? 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. I guess the geographic competence issue is old news now !! We get a lot of them here. We understand that customers have different needs from simple to complex. Research and investigate. Absent naming the players this keeps going on forever and all we have is a philosophical discussion. Check on your order status at any time, then share your report files with your key stakeholders. Additional comparables to validate those provided are representative of both the subject and the market. The company has a panel of more than 4,200 brokers and agents, allowing lenders to provide 97% coverage nationwide. This is a crowdfunding outfit. This field is for validation purposes and should be left unchanged. Reno, Nev. 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 Companys suite of products designed to support appraisal modernization. or other factors. Turns out the argument theyre destroying the host were incorrect. Just a simple search on the asc registry. They say their goal is to change the valuation industry towards a more technical automated focused approach. A PDC can take as few as 2 business days to complete, dependent on homeowner scheduling constraints. Download the About Clear Capital One Sheet, Download Desktop Data Collection Datasheet, Download ClearCollateral Review Datasheet, Download Collateral Desktop Analysis (CDA) Datasheet, Download ICE Mortgage Technology Product Guide, Download ICE Mortgage Technology Case Study, Download ICE Mortgage Technology User Guide. Get more info about our property data collection program! Who knows if it were manipulate in anyway at some point, but thats purely conjecture and really why I would have removed her information. Though it is AB that devotes more space to specific issues usually. Download Digital GLA/ANSI Alignment Datasheet, Download ClearCollateral Review Datasheet. Personal attacks harm the collegial atmosphere we encourage on AppraisersBlogs. It is also to let appraisers that participate in this low quality level work know that there will be repercussions. Clear Capital's ClearCollateral Review uses intelligent appraisal review automation to reduce manual efforts while improving appraisal quality control. There is no change to existing fees/policy for: Streamline refinance transactions where the funding fee remains at 0.50%. There was reportedly some additional conversation that is purported to entail improper and undue pressure on the appraiser that was doing the inspection. 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. We are clear, ethical, and transparent with respect to our fee structure and all aspects of our operations. Ive filed a formal complaint with Indiana and Georgia follows later this week. Matt, you obviously know nothing about Mike Ford. With varying standards across the property data collection space, UDC provides flexibility, as eligible loans can be quickly and easily transferred to the agency with the loan program that meets the borrowers needs, without the need for an additional product. Cool. Possible as a result of it being a non-FRT. Im not debating the quality of these products, theyre obviously flawed and should be used in a very limited capacity. These reports are very different. Pre-fund due diligence prior to funding the loan. Id join a class action but unless Im part of a larger group of protection, I dare not go against these highly corrupt domineering organizations. I dont believe its true, buts lets remember folks, we will lose whatever credibility our research earns if someone actually does start threatening harm to an appraiser; or even rude comments resulting from posts here. 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? A Commercial Evaluation delivered by Clear Capital is a fast, comprehensive, fully compliant solution for a variety of loan servicing needs. 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. UDC will also support Freddie Macs ACE+ PDR solution for lenders to scale their business. They made an announcement on January 24, 2023 and have contacted all State Appraiser Regulatory Agencies concerning the data breach. Our. Clear Capital has launched Universal Data Collection, designed in compliance with new Fannie Mae and Freddie Mac standards. One of my favorite books. I assume you can mail him at the property. Groundfloor talks big, but now we see the dark underbelly of this beast. What? All rights reserved. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Given how high inflation is right now, why arent mortgage rates even higher? Broker (who also has offices in Florida and Missouri I believe) and potentially the appraiser. The product can be easily integrated into many leading order management systems, simplifying the order process. Only you and Lisa G (probably the same person) seem to have an issue with this. These destructive companies put 100k appraisers out of work in 10 years. Historically investor-bankers were protected by recourse lending. Modern data collection is enabling appraisers to conclude a value with equal or better accuracy without personally visiting most properties. Actually it isnt signed. Will also file complaints in Indiana and maybe AMCs home state. Learn More About Integrating With Clear Capital! Then, we combine human expertise with analytical insights for valuations that help you make better decisions, Learn more about our Modern Appraisal solution, ClearCollateral helps you build a clean audit trail by quickly identifying risks in existing appraisals, Use ClearAVMTM, Home Data Index, ClearQC and other tools to uncover insights into real estate property values. Guess what.this is not an appraisal so no breach of confidentiality. The disclosure of this indefensible work product remains the primary topic point. I think she should be turned into each of the 5 states shes licensed in. It simply different than ABlogs is. That may be the final solution, the only solution. Theyve already literally cleared out half of this industries workforce, claiming those monies for themselves instead. These appraisals werent required to comply with USPAP as FRTs; maybe Georgia requires it? Aurora extends the Better.com merger deadline once again, Real estate agents wonder if inventory levels will ever return to normal, Optimizing client engagement and communication in 2023, Shared Equity: A required intervention for home affordability. Appraisers Should Voluntarily Follow ANSI for Desktops? We are helpless in the face of major corporations and their employees whom have no personal accountability. Please contact me. Im also a taxpayer that never wants to see another TARP. Through a single, integrated workflow, ClearCollateral Review checks every aspect of the appraisal, from property photos to comparables, using 500 property data points from 12 sources. If I come across any report like this one in my state, I will forward it to DLLR and file a formal complaint. Get more info about our property data collection program! How credible is your source? Share your form with others Looks like CC used copyright infringement and pulled the document. Preferred Partner Network with specific program training Please enter your details below to grab your copy! A good number of them may have crossed lines even for us as ICs. They need to escrow their accounts receivable and pay the appraisers in a timely manner and not wait until the borrowers areclosed and moved in weeks before They have become an unnecessary hindrance, when the lenders have numerous platforms to utilize. Its hypocritical to claim full appraisals are needed to protect clients/consumers by causing harm to that very cohort. Just stumbled upon this. I encourage all readers to also look up the rokers name and check out his website. Learn More About Integrating With Clear Capital! When you look at both reports, 5557 Winwood Rd (discussed by Mike Ford above) and 906 Silverwood Dr, linked below, the same photographs are used with different property addresses labeled on them. Plus, it's being added to Encompass by ICE Mortgage. Do you really think you have persuaded anyone here? The same investors that may not get paid off because the property wouldnt appraise for the desktop value? Lumped in with me ? The company alsoannounced ClearInsight, an easy-to-use mobile app that enables real estate professionals, homeowners, and appraisers to quickly generate a complete digital picture of a home. Thats the objective. WE need a voice and Voice of Appraisal is also a founder of the Fest. Hybrids are not even mentioned or separated in the columns when filling out the application but lumped in with 1004s,etc.. I downloaded the Georgia Board complaint form. UDC data set provides lenders with immediate national scalability, interchangeability and less complexity for loan management 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. NO inferences should be drawn one way or another at this stage. This will be the coup de grace. Real estate investing involves the purchase, management and sale or rental of real estate for profit. Sooner or later one is large enough or far reaching enough to attract the attention of enough people to do something. The issue is: A phony appraisal was (2 actually) were prepared using a flawed system and process that does not remotely match Clear Capital advertised quality claims or reliability. All Rights Reserved. Traditional hybrid appraisals always feature two components: property data information completed by one individual, a final value conclusion completed by another. This field is for validation purposes and should be left unchanged. Lord, where was the exit again, soon now, very soon. ClearCollateral Review is now enhanced with automated critical checks throughout the appraisal review process, including: Confirmation that each photo is correctly labeled Validation that the. I agree Pat, let us start getting them together! It is identical to the 1004 in terms of the data provided, but the certification language is different. Total fee was $250. If youre working to secure loans valued at less than $500,000, a commercial evaluation could be a perfect fit for you. Then, after consulting with others, a decision gets made about filing a complaint with the states the AMC is licensed in. You ask why else? Im not trying to uncover your personal information. Amcs have purposefully driven licensed appraisers out of business, in hopes of capturing the entire valuation income pie for themselves with vastly reduced accountability and liability. My bet is the owner of the property (investor) has to file the complaint(s) himself since he is the one with legal standing; and it happened in Georgia. 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. I am a member of the public that has had wrong doing brought to my attention. Once you know more about him, please do come back here and let us have an educated discussion about his character and caliber. Parties that shown these as part of a larger effort to unduly influence, may also share these. I wont accept an escrow loophole. Deceit and lack of credibility are not compliance. I completely agree these products are horrid- Im sure the industry will see that rather swiftly. I just filed the Indiana complaint online. I see ones still up above! I suspect no one else will do anything. Thanks for your time and resources. Clear Capital also claims that UDC is available at a fraction of the cost of a traditional appraisal, and completed in half the time that competitors provide. Whats the RegZ penalty again, 10k/20k, per instance, per day, or per both? Mike, thank you very much for this concise and respectful response- I sincerely appreciate this. The amount of photos is ridiculous !!! Delivering quality valuation management and data solutions, First, we listen to your needs. Get more info about our property data collection program! Mark, Thank you for your response. (There is much more behind the scenes that is known, but which isnt being published because that would jump into speculation and other issues).Both appraisals were from same original source. UDC will provide fast and accurate collection of data, pursuant to Freddie Mac and Fannie Mae data standards, when lenders receive loan eligibility for agency loan programs that allow for an inspection-based appraisal waiver, according to the statement. For those that know me, those are exactly the kind of cases that we at AGA spend most of our effort trying to help appraisers defend themselves. Matt, I know how important privacy is to those on this forum. 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 Let the states decide if there are regulatory issues. Clear Capital's ClearCollateral Review uses intelligent appraisal review automation to reduce manual efforts while improving appraisal quality control. Ryan Hall (By the way, a consumer can absolutely choose to make their own appraisal reports public). When I do so it is with full understanding that I am at risk of retaliation. USPAP-compliant desktop review and analysis of the original, traditional appraisal with a quick turn time. Mike has already responded to you several times regarding confidentiality. Im told ClearCapital that ordered this is out of Truckee California. Get more info about our property data collection program! And how come youve never commented against hybrids, notorious amcs such as clear capital and all issues affecting our industry? Choose Turn Time & Price That Fits Your Needs To be clear, Im not defending this product, but no one on this blog has an issue with the author, and now the Appraisalblog team, posting a confidential document with NPI to a public forum?