ClearValue Consulting, a mortgage industry provider of enterprise-class vendor management technology, recently announced it is able to support Fannie Mae’s new Value Acceptance + Property Data option. As a result, ClearValue can provide lenders and AMCs with a scalable, end-to-end solution to implement Fannie Mae’s appraisal modernization efforts, according to a press release.
ClearValue’s data collection technology is centered around its unique Sluice mobile application, which streamlines the collection of property data while effortlessly managing valuation orders via ClearValue’s Acuity vendor management system.
Sluice currently facilitates property data collection for thousands of properties every month that are used for desktop appraisals, hybrid appraisals, and BPO reports.
Both technologies can now be used to support Fannie Mae’s Value Acceptance + Property Data offers, paving the way for eligible cash-out and certain no cash-out refinance loans to be originated without a conventional appraisal.
“We are thrilled that our Sluice and Acuity technologies can help AMCs and lenders fast-track the valuation process, lower costs, and ultimately create a better experience for their customers.” Kevin Musick, president of ClearValue Consulting, said in the release. “Our collaboration with Fannie Mae underscores our dedication to innovation while empowering our clients to boost efficiency and maximize business opportunities.”
Designed for both origination and servicing processes, ClearValue’s Acuity vendor management system provides lenders and AMCs with the tools and services to streamline everything from full appraisals to hybrid appraisals and BPOs.
“We provide everything a lender or AMC needs to embrace the GSEs’ appraisal modernization efforts – mobile apps, system integrations, order management, and a pool of trusted valuation experts at their fingertips,” Musick said. “For an out-of-the-box solution that gives an organization full control of the valuation process in a highly automated way, ClearValue is the choice without limitations.”