app guides the collector to ensure complete and accurate results. What about the investors that BELIEVED they had a USPAP compliant professional appraisal? They say their goal is to change the valuation industry towards a more technical automated focused approach. NO inferences should be drawn one way or another at this stage. Thanks for any info! This is what we do as appraisers. Thats the objective. Turns out the argument theyre destroying the host were incorrect. Best of luck! Clear Capital has launched Universal Data Collection, designed in compliance with new Fannie Mae and Freddie Mac standards. I went to see a notary friend but forgot to take the Georgia complaint with me. The amc directed this approach, they promoted this activity, probably in large scale nationwide. This appraiser fell on her own sword, welcome to the new era of accountability and actual transparency. You think a guy that owns and operates 12-14+- offices in three different states, and seems to be a pretty big deal brokerage is actually going out and inspecting these properties himself? ). ross@calibercorporate.com For more information visit ClearCapital.com/udc. Im not debating the quality of these products, theyre obviously flawed and should be used in a very limited capacity. Weekly mortgage demand from homebuyers tumbles 12%, as higher interest rates take their toll; $25 as an appraiser or $100/day as a Walmart Greeter. Please contact me. The reduction is .30% for subsequent users on cash-out transactions. Id join a class action but unless Im part of a larger group of protection, I dare not go against these highly corrupt domineering organizations. This product is not credible, not USPAP compliant. The reduction is 0.15% except as noted below: The reduction is .30% for subsequent users with less than 5% down on purchase transactions. GSE post-board review to determine the reliability of the valuation and to understand if a repurchase is justified. Hi BigAI- Ive been appraising resi since the early 2000s and complete assignments in the northeast- I dont work for an AMC. Look up the broker who ostensibly prepared them. Appraisal management company Clear Capital, in the latest effort to revamp the appraisal process, hopes to automate property photo reviews to ensure data and photo consistency with its. This field is for validation purposes and should be left unchanged. Who said Im not? Rocket has a plan to drastically cut costs. Our commitment to excellence . The State of Indianas Attorney General Office was not happy about the nature of the report but concluded in the end that they did not have jurisdiction over this specific case. I said they originated with the consumer. Delivering quality valuation management and data solutions, First, we listen to your needs. All the diversion in the world will not change the FACTS that those two reports are spurious with no hint of credibility in any aspect of them. Matt, it wasnt much an effort. Like the 10% AMC fee posted for the hybrid horror from ClearCapital Im only giving them 10% of my digits if I waive.. Amcs wield disproportionate unanswerable power and effectively dominate the field of individually licensed persons without restriction and without restraint. I dont believe that Mike would have posted this had it been given to him confidentially. It absolutely does. I simply only had the one with the second being verbally communicated to me regarding same pictures and verbiage. Distributors nationally have stole the potential of many careers in favor of unregulated unrestricted fee skimming. ClearCast host Kenon Chen sits down with Stephanie Durflinger, SVP. Download Digital GLA/ANSI Alignment Datasheet, Download ClearCollateral Review Datasheet. ClearCast host Kenon Chen sits down for a conversation with, Live from ICE Experience 2023. ryan@calibercorporate.com Also, need to get original borrower (property owner) to see if he wants to file complaint with CFPB; and / or go after appraisers E&O. I think thats even worse. Its about taking care of our vendors and taking care of our clients with a higher level of integrity by combining what humans are good at with what computers are good at.. Learn More About Integrating With Clear Capital! A conventional appraisal completed by an appraiser from Clear Capitals national appraisal management company. This is more of the same amcfest! Keep that fee in mind as you read through the attachments. 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. It looks like this is the first time you are commenting on this blog. 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. Im sorry but I cant trust a misleading individual. You should have been honest off the bat and just said youre using an alias or that you want to remain anonymous instead of Matt is my middle name and my last name is abbreviated. Parties that shown these as part of a larger effort to unduly influence, may also share these. Simplicity of implementation is at the heart of Universal Data Collection, and we focused on removing adoption and loan management hurdles that have been so common in the traditional appraisal process to create a product that will help facilitate the future of appraisals, said Dan McAlister, Clear Capitals director of product management, in the release. Mike, thank you very much for this concise and respectful response- I sincerely appreciate this. Appraisers are fortunate to have the support of this outstanding appraiser, and such a caring and committed individual. Thanks Baggins! Thanks! Standard pricing without any fee escalation means the appraisal costs are always clear upfront. 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? Proving these are unreliable is easy, but that doesnt offer a solution. Whats REVAA? Oh heck, everyone knows already, amcs get a free pass and are literally above the law. Lets be adults folks. But FNMA says they will be "professionally trained", and vetted at "Reconciliation" of horse shyt is nothing new. Two complaints were filed by AGA. Theyve already literally cleared out half of this industries workforce, claiming those monies for themselves instead. Good luck making living. I am an appraiser, not a troll, not a CEO, and not an AMC. This program is similar to a bifurcated or hybrid appraisal in that the appraiser concluding the value may not be the real estate professional visiting the property. There was no need to post the actual files with loan numbers and use the appraisers actual name. The appraisals were performed on a desktop basis by an appraiser in Indiana. It was so bad even ASC and FFIEC had problems with it. All categories of appraisers from cmml-agricultural, rural res. So, the appraiser doesnt know the WHO or even the WHAT of qualifications or the source of data she signed her name under. Headquarters. Ordering appraisals has never been easier with our simple web interface. Matt, number one, there IS absolutely zero confidentiality obligation on any of us. Well said, Mike! Amcs can be sponsors and attend the event. A report combined with a RealTimeCMA (RTCMA), provided from Real Estate Professionals with local MLS access, can be especially useful for jumbo loans and higher risk files attributable to the increased knowledge into subject and comparable properties. Cool. 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. The data is reviewed for quality assurance and then supplied to an Appraisal Management Company (AMC) or direct-engagement appraiser panel of the lenders choosing. Another question is whether this is actually a CC staff appraiser; one where CC paid her out of state license fees, or simply guaranteed a high enough volume to make signing whatever was put in front of her worth while. Easily access past reports, and manage any order placed by your business But if you do, know that you cannot come here and pretend to be someone you are not, attack a valued and respected member of our industry without being scrutinized. Funny how I found your comments here, Retired Appraiser. Reports come in your choice of formats: CDA and CDA + Broker Generated Listing Report. Readers can make their own decisions. I guess participants dont have any right to privacy on this forum Trust me, Desiree, Ill never post here again, this is now getting a little scary. Ive been reading voraciously about them and my understanding was theyre used for portfolio management or developing marketing plans- not lending. *available in all states except West Virginia. A copy of this should be sent to the Georgia State appraisal Board in a formal complaint. UDC is supported by Clear Capitals ClearInsight Platform and will leverage CubiCasas software for digital floor plans. Just once. Absolute disgrace to our profession. These appraisers have completed over 375,000 Collateral Desktop Analysis (CDA) reports to date. Some time ago First American tried to push a product called a PACE PRO (desktop type) that had the probable fraud built right into it. Phone Number 5305505979. Its also ideal for valuing commercial properties to be used as collateral on business loans less than $1 million and for extending credit and loan modifications. How do you transition from QC defense to offense in 2023? Clear Capital Announces Universal Data Collection in Support of Fannie Mae Appraisal Modernization Policy Changes UDC data set provides lenders with immediate national scalability . There may be jurisdictional issues. Dont worry Matt. A buyer sustained real loss as a result of these. How come these issues arent debated intelligently by anyone? Georgia is logistically more difficult that will be tomorrow. Professionals rely on HW Media for breaking news, reporting, and industry data and rankings. Just another way for the big corporations to push out the appraiser, http://appraisersblogs.com/clear-capital-push-hybrid-VA-appraisals. 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. Matt, you obviously know nothing about Mike Ford. 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. As for my source their credibility is not in question at all since the crappy appraisals speak for themselves..unedited and as presented. Then why arent you listed in the asc registry? Wait until the first one hits the fan. 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. You can also subscribe without commenting. However, I find it completely unnecessary and abhorrent to crucify an unsuspecting peer on a public forum like this. But when deadlines are nearing and youre keeping an eye on the budget, commercial evaluations are simple and affordable solution for lower-value loans. I dont believe its true, buts lets remember folks, we will lose whatever credibility our research earns if someone actually does start threatening harm to an appraiser; or even rude comments resulting from posts here. We (appraisers) need a Nancy Reagan style Just Say No campaign directed at unscrupulous AMCs. Paying me to have an opinion on this topic? This is a rubber stamped cma provided by a realty agent. The 10k/20k fine set was supposed to put them all out of business. Modernization of the appraisal process has been coming for years for several reasons, but the primary reason is to make a mortgage close much more efficiently while maintaining risk control standards. You get what you pay for. IF there were anyNPI obligation its on the part of the appraiser and the AMC. This is remarkable to see this posted online. Products to help understand property values for any use case. By the way, when you are pretending to be the Georgia appraiser you should use a completely different computer from a location outside of MA where you and Matt share the same ISP. Additionally, Clear Capital completed the acquisition ofCubiCasa, a Finnish proptech startup that automates floor plan sketch creation and digitizes property data collection. On October 13, 2022, the Appraisal Subcommittee discovered a data breach that occurred on the new ASC.gov website. It is identical to the 1004 in terms of the data provided, but the certification language is different. In this competitive environment, standing out is paramount for reeling in more business. Clear Capital also claims that UDC is available at a fraction of the cost of a traditional appraisal, and completed in half the time that competitors provide. Does it go far enough? (By the way, a consumer can absolutely choose to make their own appraisal reports public). Learn More About Integrating With Clear Capital! Lord, where was the exit again, soon now, very soon. Certified data collectors, who are real estate agents or brokers on Clear Capitals panel, can coordinate with the property contact to complete a streamlined residential property data collection that includes property condition information, photos, and accurate, high-fidelity floor plans with interior walls. Sort of an ice breaker, Something like this for a Tshirt Mike?? Description: ClearCast is the real estate fintech podcast by Clear Capital, co-hosted by Jeff Allen, EVP of innovation labs, and Kenon Chen, EVP of corporate strategy. Amazing! Whether the investors that loaned the money will also make claims is anybodies guess. My inquires found that the property had never been Patented, but was the product of several arms Length? All I found this whitepaper from The Appraisal Foundation, it offers some insights as well. ClearAVM + PCI is an alternative to an appraisal for low-risk home equity transactions less than $400K. Did you not read the spewing of disgust against this person you provoked? Near real-time issue resolution and escalation Zero calls go to voicemail during business hours. Earl should be complained on first? Matt is most likely one of these sellout appraisers that has no work because hes not good at what he does, an AMC troll or CEO. A good number of them may have crossed lines even for us as ICs. None of us started this. Pre-fund due diligence prior to funding the loan. No AMCs allowed at AppraiserFest Nov 1-3 or on the FB page 100% Real Estate Appraisers which founded the event. We are at war ! IF no appraisers (or AMCs) ever have to worry about being held accountable, then THIS kind of work will become the norm for the profession. About Clear Capital in extra Origination Fees because, on paper, my customer went from 57% LTV (43% equity) to 62% LTV (only 38% equity). Regulation is a paper tiger, every single employee of amcs should be licensed and regulated, they officially have more influence than all the licensed people of this industry combined. 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. If they get four or five complaints on same person on same issue they will have little choice but to open investigation. UDC data set provides lenders with immediate national scalability, interchangeability and less complexity for loan management. Anyone coming on here to spread misinformation, disrupt threads to further a personal agenda, attack others, start flame wars, or get their jollies by sockpuppeting, et cetera, will be banned! We need to refuse any of this type of work and get people out of the business, particularly when she doesnt know what she is doing! Plenty of sunshine. AMC Vendor Agreement Controversies - Bad, Worst & Ugly AMCs. Its a closed group to maintain the integrity of discussions about issues and avoid undue influence from folks like REVAA and other non appraisers. NONE. Under current rules, any home valued at more than $250,000 needs to be examined by a licensed appraiser. Legal Name Clear Capital. Not to mention, posting confidential information that we have been entrusted by the public and our clients to protect. Why scary? Thank you Hooligan for the heads up, Mike. Our ClearInsightapp guides the collector to ensure complete and accurate results. Your email address will not be published. Please enter your details below to grab your copy! 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. Thank you Baggins, you are a big help, take care. Appreciate your apologies to the other commentators. A Clear Capital team member will contact you within one business day. Anyone is allowed at AppraiserFest. Then, we combine human expertise with analytical insights for valuations that help you make better decisions, Learn more about our Modern Appraisal solution, ClearCollateral helps you build a clean audit trail by quickly identifying risks in existing appraisals, Use ClearAVMTM, Home Data Index, ClearQC and other tools to uncover insights into real estate property values. Half of Q4 2022 transactions had wire and title fraud risks. You talk about imagined legal obligations that you have no clue on. There was no other contact information available. Average Clear Capital salaries by department include: Sales at $123,373, Engineering at $104,152, and Product at $164,228. The results demonstrate a positive correlation at different stages of the performance appraisal. Right now it is my contention that no qualified appraiser can competently perform these type appraisals to USPAP standards for out of state property for $25.00. Imagine what they would do if they get a hundred or two hundred? Youd never see the inside of a jail cell but could roll the dice that if you could hold up for just a few years, youd likely be a millionaire. The company's panel of more than 4,200 background-checked and trained real estate brokers/agents enables lenders to provide 97% coverage nationwide with proven performance and quality.

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