While I appreciate the response Please take the time to contact me so I can explain to you actual context of the festival and the reasonings that anyone can come. If lenders; AMCs, REVAA and anyone else doesnt want to figure prominently in public articles about the quality of their or their clients work product(s) then ALL THEY HAVE TO DO IS STOP MISREPRESENTING what those products are. Guess what, this reaction is exactly what third party vendors do not want..sunshine that is now exploding across the country. Parties that shown these as part of a larger effort to unduly influence, may also share these. It appears Clear Capital got just what they paid for I can only pray that this IDIOT (SORRY BUT THE ONLY WORD TO DESCRIBE HER) loses HER LICENSE & GETS SUED. In fact, he was taking a bath and offered a bribe of 3K to the next appraiser to come along to hit a number. All UDC is supported by ClearInsight, an easy-to-use mobile app that enables real estate professionals to quickly generate a complete digital picture of a home. If a person were to actually look at the Clear Capital web page it states (and its on the internet so it must be true: Our network of more than 40,000 boots-on-the-ground field experts deliver deep insights so you can proceed confidently in all your real estate decisions. If the industry wants a more cost effective and quicker value option, what can we as appraisers do to meet those needs? There was reportedly some additional conversation that is purported to entail improper and undue pressure on the appraiser that was doing the inspection. Your email address will not be published. Old Republic used to Baggs, If I bought at 2% or 3% 30-year fixed and Virginia Coalition of Appraiser Professionals. He sees a range of bottlenecks throttling efficiency in the appraisal process and believes the digital appraisal process can remove many of them. Where have you been? Seems like funny lyrics for a song but those folks over in Texas sure looked like they were having fun. Matt, it wasnt much an effort. Like so many other states, they feel no need to update complainants on the status. 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.. When a lender receives loan eligibility for agency loan programs that allow for an inspection-based appraisal waiver, UDC ensures fast and accurate collection and submission that meets both Freddie Mac and Fannie Mae data standards. They only did it through the SCRIBD link-the second property appraisal is still embedded in article above. We welcome critical posts & opposing points of view. Im sincerely apologetic to him for doing so, and to Rick G. below..and to anyone else I seemingly offended because my opinion on this matter differs from theirs. You talk about imagined legal obligations that you have no clue on. Whether youre funding a conventional loan, a refi, a HELOC or making REO decisions, Clear Capitals residential and commercial appraisal management services deliver exactly what you need, when you need it. Report says electronic signature. Im disappointed to say the least and wont be attending either. Please understand that guest trolling is not tolerated. NONE of us do such perfect work and we cant all be found with an i that isnt dotted or aT left uncrossed. Clever! 2023 ClearCapital.com, Inc. All Rights Reserved Privacy Policy | CCPA. You have taken a USPAP class, right? Whose rules apply? Possibly similar though more specific to AMCs, revaa and the like. Nor do we know what parts if any were attached after she signed it electronically (assuming she actually did). Years in Business: 21. Business Started: 4/20/2001. Does anyone know Michelle? Multi state. Lets pull down the "mirror" and reverse it upon the lenders All of what you say makes sense. How do you transition from QC defense to offense in 2023? Appraiser to employ hypothetical condition that a property exists which meets our sfr lending guidelines. We have seen seismic shifts across the housing market in the past year, and the appraisal modernization policy work being done by Fannie Mae and Freddie Mac provides a welcomed change as alternative valuation approaches provide a crucial path forward for lenders and homeowners alike, said Kenon Chen, EVP of Strategy and Growth at Clear Capital. John-Matt-Lisa or whoever you are (Michele?) 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. Groundfloor talks big, but now we see the dark underbelly of this beast. Clear Capital is a national real estate valuation technology company with a simple purpose: build confidence in real estate decisions to strengthen communities and improve lives. Glad someone picked up on it. UDC data set provides lenders with immediate national scalability, interchangeability and less complexity for loan management. Now, the original appraiser (Ms Shoven) CLEARLY was bound by confidentiality. The solution also leverages CubiCasa, a global-reaching real estate software company, to produce digital floor plans that provide Digital Gross Living Area (GLA), aligned with the American National Standards Institute (ANSI) standards. . Clear Capital - the 2022 HousingWire Tech100 mortgage company, founded in 2019, has completed more than 250,000 data collections for agency loans, which utilize appraisal modernization programs. Virginia VA $660) $530) $925) $630) Vermont VT $990) $860) $1,315) $970) I was a lender/VP at a regional bank for many years before becoming a real estate broker and appraiser. The reduction is .30% for subsequent users on cash-out transactions. Rather than making a phone call, just file a state complaint. I make business decisions not to complete various assignments everyday, I would never deliberately hurt those that need to take them for various life reasons. Moving the Housing Market Forward. Modern data collection is enabling appraisers to conclude a value with equal or better accuracy without personally visiting most properties. Its time we lift up the cinder block and expose these predatory lenders and appraisal management companies for the insects and parasites that they are. Does anyone seriously think this specific guy inspected each of these properties? Please contact us directly or reach out to your Fannie Mae representative. As not a single instance of this ever materialized, its time to admit the law has not been applicable to appraisal management companies. If you are an appraiser under another name that chooses to keep it private, no problem and no criticism (from me anyway). Cool. PERIOD. Period. I personally prefer the issue focus that tends to prevail here; and the ability of non appraisers to offer views when appropriate. Thats 10k a year on average, or roughly 835 a month, or about 27 a day. Considering the total fee is likely half of the traditional base fee for valuation service products, double that amount to consider loss of income in the appraisal industry due to these aggressive predatory practices. Site by, The new, must-have technology thats tackling lendings greatest challenges. The language clarifies that the appraiser completing the new form did not physically inspect the subject property, and is instead relying upon the Property Data Collection as a data source in their appraisal. About what I can do; what an appraiser can do and what NPI is and how it may or may not be used and who can authorize its release. If your reasoning is correct, that means any appraiser can obtain any other appraisers work and distribute it with no questions asked or repercussion. UDC supports Fannie Maes newly announced Value Acceptance + Property Data program, as well as Freddie Macs ACE+ PDR solution. TAF has no desire to do it. These reports actually went through several sets of hands including people they (involved parties) were trying to influence before reaching me. home ClearProp An interactive tool that brings data on a property together to quickly perform your own cost-effective valuations. Thats probably the only effort which will provide corrections which all of us can benefit from. Media Contact: Lenders can purchase a package inclusive of Clear Capitals Desktop Appraisal and Desktop Data Collection solutions, or opt for Desktop Data Collection as a standalone product. 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. Another will quickly follow the program and rise to fill that chair. Actually it isnt signed. One of Appraisal blogs Breaking News Correspondents should ask her for an interview ! NO inferences should be drawn one way or another at this stage. It too labelled itself as being USPAP compliant. Clear Capital serves the mortgage and lending industries, offering clients intelligent valuation solutions for properties nationwide. Preferred Partner Network with specific program training 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. 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. Reports come in your choice of formats: CDA and CDA + Broker Generated Listing Report. We started Clear Capital in 1996, with the goal of utilizing our combined 100 years of experience to create and preserve wealth for our clients. Dedicated, customer-aligned support available 7 days a week in our CA and NV Centers A desktop appraisal is initiated if the criteria for property data collection only are not met. These appraisals werent required to comply with USPAP as FRTs; maybe Georgia requires it? Learn More About Integrating With Clear Capital! Whats the RegZ penalty again, 10k/20k, per instance, per day, or per both? (By the way, a consumer can absolutely choose to make their own appraisal reports public). Im also a taxpayer that never wants to see another TARP. Please enter your details below to grab your copy! In this competitive environment, standing out is paramount for reeling in more business. At Clear Capital, the highest paid job is a Director of Product at $183,687 annually and the lowest is a Developer at $104,151 annually. Cant do that against name redacted.. I fully understand the obstacles of our profession, and yes, Im an appraiser and also doggedly seeking ways to stay relevant in the evolving valuation world. That is ClearVal Appraisals as demonstrated by these two reports are worthless, do not comply with USPAP and appear to misrepresent values to the point where the original borrower may well have legal recourse to all parties involved. I have no interest in attending any meeting that will further assist AMCs in their exploitation of our profession. What I do know is that they do not get to claim USPAP compliance if they dont actually comply. I would like to participate!. So, the appraiser doesnt know the WHO or even the WHAT of qualifications or the source of data she signed her name under. Amcs can be sponsors and attend the event. These companies have been more effective at eliminating checks and balances than any criminal Ive ever heard of. Dont worry Matt. Don. Clear Capital Valuation Management: Born from Technology, Raised by Humans. For more information visit ClearCapital.com/udc. You provide a truly invaluable service to this industry however its questionable if this industry will hold up. Matt, this website is under constant sophisticated technical attack by middle management companies. No AMCs allowed at AppraiserFest Nov 1-3 or on the FB page 100% Real Estate Appraisers which founded the event. Thats inconvenient. (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. The UDC product provides lenders with tools for scalability, interchangeability and loan management, according to a statement. 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. Desiree- my original comment was not an attack; however, I do admit, and have apologized to Mike for, some of my subsequent comments. 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, , Director of Product Management for Clear Capital. Its fine on AB if you choose to be anonymous just not fine to be deceptive. Get more info about our property data collection program! Yes, there will be a different appraisal report form used when an appraisal report is deemed required. Real estate investing involves the purchase, management and sale or rental of real estate for profit. Why Use Clear Capital Commercial Evaluations? Paying me to have an opinion on this topic? Download Digital GLA/ANSI Alignment Datasheet, Download ClearCollateral Review Datasheet. The appraiser signs as a reviewer at the end of the certification. All your phony arguments about alleged third and fourth party obligations to maintain a privacy level not preserved by the original appraiser OR AMC themselves are merely feeble efforts to distract from the real issue. They required a notarized complaint, which is simply logistically more cumbersome so that complaint was made several weeks after Indianas. How come these issues arent debated intelligently by anyone? A conventional appraisal completed by an appraiser from Clear Capitals national appraisal management company. This is what we do as appraisers. Im ok with them arguing copyright infringement though its spurious. 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. I find it kind of ironic that you want this referred to the FTC as you are the one leading the charge to try to fix prices in favor of appraisers. Has anyone put together industry wide estimates regarding how much of the pie amcs have taken by now, and their populace counts? PalmerHouse Properties has recently expanded to Florida, North Carolina and Missouri. In other cases, a desktop appraisal will be completed. We need to get them out of the business. Look up the broker who ostensibly prepared them. This is so wrong on so many levels and totally worth an investigation! in extra Origination Fees because, on paper, my customer went from 57% LTV (43% equity) to 62% LTV (only 38% equity). Also, it appears the map is re used, and several interior photos are re used but cropped down so as to trick picture matching software. Nothing wrong with anonymity; and contrarian views have as much place here as those that are on the opposite side of them. 03. God Bless taxes? My favorite is being asked by CC to do an appraisal for Wells Fargo asset valuation and going to site and wandering around for almost an hour trying to find the house not finding it based on plat map and satellite information, only to finally realize it was missing. Get more info about our property data collection program! 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. No analysis and very little liability. How about you? Lisa G tried to post false claims using fake email accounts and different fake names. I did find that is was to be held in San Antonio in November. Please enter your details below to grab your copy! We (appraisers) need a Nancy Reagan style Just Say No campaign directed at unscrupulous AMCs. And Clear Capital is again stealing the lions share of the appraisal fee. This appraiser has sold her soul to the devil..shed better check with her E & O. Shes going to need it. Option to add-on a broker-generated listing report, Efficiently Manage Orders Online Tyler. Design by Real Estate Webmasters. If I come across any report like this one in my state, I will forward it to DLLR and file a formal complaint. 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. Does it go far enough? Powered by Clear Capitals 20+ years of experience, the UDC property data collection solution provides interchangeability and less complexity in management of loans, as well as ease of adoption with the availability of order management integrations, website ordering and API ordering. I simply only had the one with the second being verbally communicated to me regarding same pictures and verbiage. Our ClearInsightapp guides the collector to ensure complete and accurate results. In addition to the flexibility provided, UDC is available at a fraction of the cost of a traditional appraisal, and completed in half the time. John you have chosen to deliberately distort and misrepresent both issues as well as your own background. Theyve already literally cleared out half of this industries workforce, claiming those monies for themselves instead. 375,000 x $225 = 84,375,000 dollars. Get more info about our property data collection program! 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. Or, do we have a trusted delegated third party inspector who in turn is also reassigning the BPO inspections? I downloaded the Georgia Board complaint form. An Indiana state certified appraiser based in Indiana who is also certified in other states including Georgia did an evaluation of a number of properties in Georgia. Company Type For Profit. In my humble non legal opinion Yes, that sure seems like bank fraud to me. Congress probably wont do it. BTW, Georgia has NOT to my knowledge let this go by. The "appraisal fee" was $250 but the AMC (Clear Capital) got $225, and this appraiser got $25 for each evaluation. As usual, the largest companies are the most aggressive, pushing the envelope of ethics and acceptability. document.getElementById( "ak_js" ).setAttribute( "value", ( new Date() ).getTime() ); Nothing is worse than stale marketing, especially when the entire real estate industry is looking for new ways to capture consumers' attention. How else to expose what quickie products are all about. Rocket has a plan to drastically cut costs. The question was rhetorical, they have already gotten away with it. So, what started out as questionable alternative products at around $75-$100 proposed fees became actual orders offering only $10 if done in India, to $25 in these samples. Plus, it's being added to Encompass by ICE Mortgage. Despite its limited format and scope of work. 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 has remained steadfast in this pursuit since our first order in 2001. Ive filed complaint with state of Indiana already; Georgia tomorrow. Headquarters. If you want to help, please file a formal complaint. Clear Capital Appraisal Pricing - 6-1-2022. VIEW PRODUCT Collateral Desktop Matt Schorle doesnt exist as an appraiser. Scribd doesnt usually take the time to verify the validity of the claim but gives its members the possibility to dispute it. Much larger than bonds and stocks, which respectively rank second and third by total market cap. 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. They may have a table there where we can all waive to them. ANY appraiser that has legally come into possession of an appraisal report CAN make it public. It is also the lender failing their obligations under FIRREA OR state law. Better check to see if you are covered. Can you provide everyone here the name of the client who provided you the report? At Clear Capital, were here to support you. Using the same photos for two (so called) appraisals? Last modified May 11, 2019. I have dozens that Ive been given over the years as representations of bad work. Matt do you do any of those appraisals under a valid state appraisers license for real estate? Clear Capital was established in 2001 and is headquartered in Reno-Tahoe, Nevada. Embarrassing that report is being passed as an appraisal. Appreciate your apologies to the other commentators. Appraisers Should Voluntarily Follow ANSI for Desktops? Some how our legal system has favored some one over another, as do politicians. Did you not read the spewing of disgust against this person you provoked? Legal Name Clear Capital. ClearCast host Kenon Chen sits down with Stephanie Durflinger, SVP. Clear Capital Announces ClearInsight+ to Support Freddie Mac's ACE+ PDR Solution, December 2022 Home Data Index Market Report and Forecast, Clear Capital completes acquisition of CubiCasa, Clear Capital Announces Universal Data Collection in Support of Fannie Mae Appraisal Modernization Policy Changes, Live from ICE Experience 2023. Likely related, via search for agent. Half of Q4 2022 transactions had wire and title fraud risks. Edit your clear capital bpo online Type text, add images, blackout confidential details, add comments, highlights and more. You may openly disagree, but state your case in an atmosphere of mutual respect, in which everyone has a right to a particular view about the topic of conversation. Winds light and variable.. Tonight Just stumbled upon this. Please enter your email to receive our current datasheet. Clear Capital is a leading provider of hybrid appraisals for mortgage origination. The USPAP compliant appraisal desktop review can determine if the origination appraisal is adequately supported in: See local market trends, subject property characteristics, proximate market sales and supportive information around subject comparables. GSE-Compliant 1004 Hybrid/70H Appraisal It is a widely recognized method used to determine the worth of a business for various reasons, including mergers and acquisitions, buy-sell agreements, selling a business, lender financing, and business investments. Founders Duane Andrews, Kevin Marshall. The proposed change would raise that number to $400,000, well above Houston's median home. Only a whore would do work like this, but isnt that what the pimp AMCs want, so they can capitalize on our education, license, continuing education, E&O, MLS data, forms, etc, phone, car expense (so they took out the car expense so you are at your desk) and only lazy people who dont know what they are doing would do this kind of work. I totally support your mission, but I dont think doing it this way will be effective. Clear Capital is now offering Desktop Appraisal, a GSE-compliant 1004 Desktop/70D residential appraisal that quickly delivers a reliable opinion of value with price certainty. ClearCast host Kenon Chen sits down for a conversation with Sarah Knochel, CEO of Data and Analytics at Candor Technology, and No real person has contacted us directly to have these documents removed. Our nationwide panel of appraisers tap into their expertise to deliver clear, easy-to-understand reports while providing you with updates every step of the way. Please give the board the benefit of the doubt. 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 techno. ), One of the key components is the panel of licensed or certified appraisers who are powering the product. 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. Obey. Wait, I know, the lender gets a deal out of it.lol..have mercy on this appraiser soul ! A buyer sustained real loss as a result of these. Cherre Announces Partnership with Clear Capital, Expanding Access to Market and Property Information AppraisalWorks, Clear Capital Announce Partnership. 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. * Suited for commercial small balance originators, loan servicers and capital markets participants, Commercial Evaluations delivered by Clear Capital provide total flexibility in scope of work, offering multiple form options to fit your needs. The USPAP compliant appraisal desktop review can determine if the origination appraisal is adequately supported in: Just a simple status report. This new innovation automates the review of property photos, ensuring they are aligned with the appraisal data and sketch. The appraisals are labeled as being USPAP compliant. 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. Aside from that, I have no intention of standing idly by while MY profession is undermined by liars at ClearCapital claiming this garbage is USPAP compliant (Yes, I INVITE their attorneys contact or other interest-truth is an absolute defence!). If the poster gets you upset, it is the Internet, you can walk away from it. If you truly are an appraiser, (it appears you are not per asc registry), you may consider putting your energy in joining the rest of us fighting the low fee structure, consumer price gouging by amcs, amc blast orders for the cheapest and fastest appraisers regardless of their knowledge of the local markets, qualifications or competence, poor quality products (such as the hybrids posted here), meaningless micro management by amcs where the vast majority of their employees dont know anything about appraising, endless 20+ pages long amcs engagement letters, appraisal waivers, etc to name a few of the issues negatively affecting us and the consumer. LOL !!! Ordering appraisals has never been easier with our simple web interface. https://www.housingwire.com/articles/37912-clear-capital-provides-alternative-to-traditional-appraisals, Our inspections are completed exclusively by licensed real estate agents or brokers, (However, management of these professionals requires no such license, specialty, or experience base, also paying on average 5x as much. Theyve grown so large with armies of employees and lobbyists. 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. No rules for amcs, they are the bitcoin of real estate now. Appraiser compensation is $25!! 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? There are some events which are just undeniable. Do you really think you have persuaded anyone here? The issue is not the individual appraiser. Our hybrid appraisal program is the result of years of building strong partnerships with lenders and investors, countless hours of research and tech development, and a dedication to pioneering the future of real estate valuation. Get more info about our property data collection program! Phone Number 5305505979. We get a lot of them here. I loved your entertaining comments in the review of this crap they are trying to get us to do. Delivering a reliable opinion of value for home purchase and refinance loans nationwide. Mark explained certain legal issues to me when I said same thing. The average salary for Appraiser Relationship Specialist, Vendor Experience at companies like CLEAR CAPITAL in the United States is $102,647 as of January 26, 2023, but the salary range typically falls between $86,092 and $119,201. Internal quality assurance audit in post-fund due diligence for lenders and investors. 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. They and anything they contained ceased to be NPI at that point. Ill be amazed if OA; LO, AMC & the lender dont all get sued. Research and investigate. The product being manufactured is you. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Given how high inflation is right now, why arent mortgage rates even higher?