Clear Capital’s Universal Data Collection product is available to be ordered, fulfilled through CoreLogic Valuation Workflow Solutions
Reno, NV – April 20, 2023 – Clear Capital, a national real estate valuation technology company, today announced an expanded relationship with CoreLogic, a leading global property information, analytics and data-enabled solutions provider, to assist lenders in modern valuation and appraisal readiness. Through an existing integration, Clear Capital’s recently launched Universal Data Collection (UDC) product is now available to be ordered and fulfilled through CoreLogic’s suite of Valuation Workflow Solutions.
Together, Clear Capital and CoreLogic are supporting industry-wide, modern appraisal efforts by providing the ability for lenders to order from Fannie Mae or Freddie Mac without needing to recollect data. CoreLogic’s platforms make workflow and order management easier for lenders, and with UDC, lenders can ensure that data standards are met for both the Fannie Mae Property Data Collection product and the Freddie Mac Property Data Report. This provides a quick and easy transfer to the agency with the loan program that best meets a borrower’s needs.
“The key to appraisal modernization is widespread adoption, and alongside CoreLogic, we are expanding access to modern appraisal tools with the aim of pushing the mortgage industry closer to this new standard,” said Kenon Chen, EVP of Strategy and Growth at Clear Capital. “We have been long-time partners with CoreLogic, and we are looking forward to continuing to collaborate as we advance appraisal modernization together.”
Clear Capital’s UDC property data collection solution provides interchangeability and less complexity in the management of loans, as well as ease of adoption by integrating with CoreLogic’s Valuation Workflow Solutions. In addition to the flexibility provided, UDC is available at a fraction of the cost of a traditional appraisal and can be completed in half the time.
“At the root of our alliance is simplifying ordering and creating an efficient setup and implementation process for lenders,” said Bob Jennings, Executive of Platforms, Collateral, & Risk Solutions at CoreLogic. “Clear Capital and CoreLogic have supported the industry together for some time now, and this expansion of our relationship is a natural next step as the industry embraces a more modern approach to valuations.”
CoreLogic’s Valuation Workflow Solutions power over 1,400 of the nation’s mortgage lenders. Clear Capital currently serves more than 70 market leaders through integrations into CoreLogic’s platforms and has delivered tens of thousands of monthly valuation orders across loan origination and loan servicing clients.
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. 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. 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 we have remained steadfast in this pursuit since our first order in 2001.
CoreLogic is a leading global property information, analytics and data-enabled solutions provider. The company’s combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit corelogic.wpengine.com.