Clear Capital, the premier provider of real estate valuation, analytics, and platform technology solutions, announced an integration with Ellie Mae’s Encompass Partner Connect.
As an early adopter of the Encompass Partner Connect APIs, Clear Capital is providing a competitive edge for Encompass users, not only through easy ordering and integrated management of the appraisal process, but also through its participation with Ellie Mae’s technology to automate service ordering, Clear Capital said in a press release.
This eliminates the need for lenders to click buttons while also reducing costs and improving efficiency.
“We’re excited about what’s possible because of our mutual use of modern technology,” Kenon Chen, executive vice president of strategic partnerships at Clear Capital, said in the release. “Clear Capital is leading the way in modern appraisal solutions through our analytics, inspection technology, and proven success with bifurcated and hybrid appraisals.
“We see Ellie Mae’s platform as a strategic partner for making it simpler for lenders to streamline the valuation process and adopt appraisal modernization and waiver programs in the future, all of which will reduce time, cost, and improve the home-buying experience in a tight margin environment,” Chen added. “As a trusted solution provider to investors and the largest lenders, we see the Ellie Mae partnership as an important partnership."
The company also said that the integration will be available to Encompass users on both current-generation Encompass and the next-generation platform. It also will connect with Clear Capital's valuation review platform, ClearCollateral, giving Encompass users the option to streamline collateral underwriting, manage orders and providers, and more.
“We are thrilled that Clear Capital is an early adopter of Encompass Partner Connect,” said Parvesh Sahi, senior vice president of business development for Ellie Mae. “This partnership is a testament to both organizations to build, deploy, and innovate appraisal and service ordering solutions and to make them easily accessible to our broad network of lenders. Together, we are delivering on the promise of a true digital mortgage.”