Clear Capital, a provider of data and solutions for residential and commercial real estate asset valuation and collateral risk assessment for large financial services companies, announced its partner, Guaranteed Rate, has implemented ClearCollateral, a cloud-based platform for managing property valuations.
The collaboration brings Clear Capital’s product technology, national property data and analytics and expertise in the real estate valuations space directly to Guaranteed Rate and its customers, Clear Capital announced in a release.
ClearCollateral is Clear Capital’s SaaS platform product used by mortgage lenders, investors, servicers and agencies. It helps clients connect with their valuation providers, order products and create tailored, quality control workflows. Simultaneously, ClearCollateral leverages hundreds of millions of property data records from MLS, public records and Clear Capital’s proprietary data sets to drive automation within valuation order management and review, the release said.
“We built ClearCollateral to make the lives of our partners easier, while equally improving the appraisal experience for their customers, and that’s exactly what appealed to Guaranteed Rate,” Clear Capital Platform Products Director Scott Griset said. “By organizing the appraisal review process based on Guaranteed Rate’s high standards for quality control, they can focus their time resolving exceptions and better align their processes with investor guidelines. It’s this exception-based workflow that creates the real efficiency within daily operations and ultimately creates a better experience for Guaranteed Rate’s customers.”
Guaranteed Rate has been utilizing ClearCollateral since mid-2017. The organization partnered with Clear Capital because of their forward-thinking technology and overall expertise within the real estate valuations space.
“We engage in regular discovery sessions with the Clear Capital team and collaborate on ideas to further advance valuation management. The flow of ideas and information is coming from both sides,” Guaranteed Rate Chief Operating Officer Nikolaos Athanasiou said. “Clear Capital is a recognized expert in data analytics and valuation best practices and we’re a leading innovator in timely and quality mortgage origination. Together, we foster cutting-edge approaches that can be quickly deployed into our mortgage valuation operations.”