Im sorry but I cant trust a misleading individual. Clear Capital's ClearCollateral Review uses intelligent appraisal review automation to reduce manual efforts while improving appraisal quality control. BEFORE these reports were ever published considerable discussion was held behind the scenes involving at least four appraisers I am aware of; at least two of which that had direct knowledge of ALL the circumstances (even more negative than those I posted). No, Lisa and I dont work together, and, again, Im a field appraiser. This field is for validation purposes and should be left unchanged. Wouldnt that be bank fraud? Eric, I have entered my email address on the website. Appraiser to employ hypothetical condition that a property exists which meets our sfr lending guidelines. That may be the final solution, the only solution. See What IS a "ClearVal Appraisal"? As part of its commitment to increasing transparency and digitization in appraisals, and working to reduce bias in the process, Clear Capital continues to develop innovative solutions to solve the industrys biggest challenges. Audit time, how many similar products has clear capital approved, for how many different clients, in what states, and is failure to identify these obvious inconsistencies in reports a penalizable offense towards amc licensing? All Rights Reserved. Guess what..this IS an appraisal as its a value rendered and signed by a certified appraiserGuess what.this a proprietary report obtained by a client that has a loan number and borrower nameSo, you think posting this NPI to a public site BY AN APPRAISER doesnt harm the consumer?..again, not defending the product, just pointing out the obvious hypocrisy of this authors self-fulfilling prophecy. Learn More About Integrating With Clear Capital! Cherre Announces Partnership with Clear Capital, Expanding Access to Market and Property Information AppraisalWorks, Clear Capital Announce Partnership. If you would like to understand more please contact me as this is much different than anything done before. 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. People have already been harmed by these two reports. Period. However, if it is in opposition to Appraisal Management Companies in any shape, fashion, description, etc. The appraisals were performed on a desktop basis by an appraiser in Indiana. Scribd doesnt usually take the time to verify the validity of the claim but gives its members the possibility to dispute it. Seems like funny lyrics for a song but those folks over in Texas sure looked like they were having fun. Clear Capital Valuation Management: Born from Technology, Raised by Humans. Clear Capital intends to develop a PAREA program for public use, pending AQB approval. About Clear Capital The companys 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. The borrower most often doesnt even realize. Since 2019, Clear Capital has completed more than 250,000 data collections for agency loans that utilized various appraisal modernization programs. 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. 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? Approximately 168 million appraiser earning dollars absent due to the aggressive nature of these products, and that does not even consider the much larger portion of fee skimming and unearned fee raking. UDC data set provides lenders with immediate national scalability, interchangeability and less complexity for loan management. I dont think they have jurisdiction otherwise. Great work Mike! 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? ClearCollateral Review is now enhanced with automated critical checks throughout the appraisal review process, including: Confirmation that each photo is correctly labeled Validation that the. Imagine what they would do if they get a hundred or two hundred? Congress probably wont do it. John-Matt-Lisa or whoever you are (Michele?) USPAP-compliant desktop review and analysis of the original, traditional appraisal with a quick turn time. Our commitment to excellence . Blah, ha, ha ! Your obviosly lumped inelsewhere ! The USPAP compliant appraisal desktop review can determine if the origination appraisal is adequately supported in: Make no mistake John, we are collectively looking for samples of similar reports used in FRTs and those will most certainly become public. Its a closed or private group started by Mark Skapinetz. (803)549-7529, 2023 ClearCapital.com, Inc. All Rights Reserved Privacy Policy | CCPA. 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. She has one hell of a territory ! Professionals rely on HW Media for breaking news, reporting, and industry data and rankings. Just go back and re-read your comments. Why Use Clear Capital Commercial Evaluations? There is also an issue of jurisdiction: Best information right now is that NON FRT intended use via Ground Floor (client) in support of internet or other wire communications offered crowd funding has produced at least one inflated value. Indiana does it online though you will have to explain some inapplicable sections. Looks like CC used copyright infringement and pulled the document. Technology Platform, All property data, information & photos flows efficiently through the process from start to finish, ClearInspect App for onsite property data collection, Data & analytics support the appraisal process, Comprehensive order fulfillment integration, Consistent Property Data Collection (PDC) quality and completeness in real time with ClearInsight, Appraisers recruited and trained to focus on hybrid appraisal solutions, Strategically located Field Staff Appraisers via Clario Network 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. Bringing More People Into a Dying Profession! In fact, he was taking a bath and offered a bribe of 3K to the next appraiser to come along to hit a number. ClearCast host Kenon Chen sits down for a conversation with, Live from ICE Experience 2023. 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 technologies. Id never expect others to put their necks on the line for my posts though. 2023 ClearCapital.com, Inc. All Rights Reserved Privacy Policy | CCPA. 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., For more information on Universal Data Collection, visit, 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. I am not sure what the agenda of this Fest will be. The provider had full advance knowledge of what I would do with it if and when it was sent to me, if after reading it I concurred with original discussion comments concerning it. Please enter your email to receive our current datasheet. These appraisals werent required to comply with USPAP as FRTs; maybe Georgia requires it? Hybrids are not even mentioned or separated in the columns when filling out the application but lumped in with 1004s,etc.. 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. The new solution also leverages Clear Capital subsidiary CubiCasas software to produce digital floor plans. Visitwww.clearcapital.com/solutions/desktop/to learn more. And the winner is. The appraiser signs as a reviewer at the end of the certification. How much did the field inspector get paid? Standard pricing without any fee escalation means the appraisal costs are always clear upfront. He stated that Matt is his middle name and his last name is abbreviated. Multi state. Put her out of her misery. Ill be amazed if OA; LO, AMC & the lender dont all get sued. I googled it, but havent read anything about what they do. I dont care what they call it, affixing an appraisers name to a cma does not make in an appraisal. I completely agree these products are horrid- Im sure the industry will see that rather swiftly. No false accusations. And your first comment is to attack a fellow appraiser and not just any appraiser but an appraiser who has always maintained the highest moral and ethical standards. Can you provide everyone here the name of the client who provided you the report? Clear and uniform value reconciliation report completed by a specialized network of review appraisers that includes detailed appraiser commentary. Please contact us directly or reach out to your Fannie Mae representative. Mike has already responded to you several times regarding confidentiality. Im hoping for a respectful discussion, not looking to be attacked, if thats your intentions. 3. GUESS WHAT.. ? I assume you can mail him at the property. In other cases, a desktop appraisal will be completed. 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. The company said UDC will act as the singular product to satisfy appraisal modernization policy changes in a fraction of the cost and half the time needed for a traditional appraisal. The appraiser merely reviewed a cma and relied on Earls data. 01. Thank you Steven. Please enter your details below to grab your copy! As for harm to the consumer it was the consumer that supplied the reports. I agree, Matt, I know my clients wouldnt appreciate this at all and Id be in pretty hot water if I ever did this. The properties were in Georgia. Learn More About Integrating With Clear Capital! Download Digital GLA/ANSI Alignment Datasheet, Download ClearCollateral Review Datasheet. Groundfloor talks big, but now we see the dark underbelly of this beast. . Thats probably the only effort which will provide corrections which all of us can benefit from. She may thank us for bringing this to her attention; or she may choose to offer other explanations refuting what we see here. The main vehicle for achieving this goal is a Practical Applications of Real Estate Appraisal (PAREA) program . Desktop Data Collection will empower mortgage lenders to broadly adopt desktop appraisals with the certainty that an appraiser will be provided the necessary property information to complete a desktop appraisal. Glad someone picked up on it. I disagree, I also believe youre obligated as an appraiser, which were defined as an institution under the law, to protect the NPI in that report. I see your point, and Im trying to piece this together through this thread, so forgive me. Its your choice. This is more of the same amcfest! Research and investigate. Absolute disgrace to our profession. The same investors that may not get paid off because the property wouldnt appraise for the desktop value? The properties were in Georgia. I doubt this will harm anyone but the reputation of the sell out appraiser that did it for $25, the predatory lender that is the intended user, and this opportunist appraisal management company ( just about the worst one out there ) that was engaged. 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. Lets pull down the "mirror" and reverse it upon the lenders All of what you say makes sense. A consumer can indeed make their information public, but a loan number and client name isnt theirs according to these laws- its the clients and need authorization to be released. Real estate investing involves the purchase, management and sale or rental of real estate for profit. Learn More About Integrating With Clear Capital! We understand that customers have different needs from simple to complex. Multiple test properties reviewed by QA before certification, Clear Capitals Seasoned QA, Customer Success and Support Teams, QA specializing in hybrid appraisals since 2008 A Clear Capital team member will contact you within one business day. Easy guys. 2023 ClearCapital.com, Inc. All Rights Reserved Privacy Policy | CCPA. Its hypocritical to claim full appraisals are needed to protect clients/consumers by causing harm to that very cohort. You can also do a google search. 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. Clear Capitals Desktop Data Collection. 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. Easily access past reports, and manage any order placed by your business I seriously am dumbfounded !!! Let's talk about Clear Capital's bifurcated, Hybrid Appraisal process. If the poster gets you upset, it is the Internet, you can walk away from it. Your email address will not be published. PERIOD. Clear Capital has launched Universal Data Collection, designed in compliance with new Fannie Mae and Freddie Mac standards. How exactly does that play out when considered along the realty agent cma creators insurance? As for my source their credibility is not in question at all since the crappy appraisals speak for themselves..unedited and as presented. 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. LOLI can be found in TEXAS! Read their own statements. 949-280-4704, 2023 ClearCapital.com, Inc. All Rights Reserved Privacy Policy | CCPA. It would make an impact if more complaints were filed but Im not holding me breath on it. Their obligation to protect the NPI was to their client. But either way, your understanding of NPI and restrictions on its use are erroneous. Actually it isnt signed. What happened to doing something different for the appraisers by the appraisers without amc sponsors or attendance? The issue is not the individual appraiser. *available in all states except West Virginia. This escalated quicker than any of us initially realized. Our ClearInsightapp guides the collector to ensure complete and accurate results. 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. What I do know is that they do not get to claim USPAP compliance if they dont actually comply. When is anyone ever going to enforce C&R rules? Investor Approved and Lender Tested Our program was co-developed with and designed for the major investors and top lenders Regardless, please lets stay on-topic and not make this personal. This is the end game. Just a simple status report. Obviously this AMC or the lender/client released this report to unauthorized partiesbeforeit ended up here. Therefore, its an appraisers duty to determine what information can be considered NPI and required by law to redact it. $25 for two opinions of value? Now, the average is more like $675-$850. They are not accountable, not as individual persons, and not as companies as a whole. Of that the appraiser was given $25.00. It simply different than ABlogs is. Lead Analyst Logan Mohtashami explains. Hard to believe this is the promo piece/ad for the product we saw posted here. Youre a perfect example of why this profession is dying and why those who need valuation services lament using appraisers. Report says electronic signature. Lord, where was the exit again, soon now, very soon. For more information visit ClearCapital.com/udc. Government investigations last for ever, Fraud continues from all sources. Just another way for the big corporations to push out the appraiser, http://appraisersblogs.com/clear-capital-push-hybrid-VA-appraisals. 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. On October 13, 2022, the Appraisal Subcommittee discovered a data breach that occurred on the new ASC.gov website. Make no mistake, MOST AMCs are NOT paid by the lender/clients. Please enter your email to receive our current datasheet. Do they know you posted a report with loan numbers to an online forum? Appraisers are fortunate to have the support of this outstanding appraiser, and such a caring and committed individual. 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. No its not. If Dr Manhattan shows up, I will however, troll him to death. Traditional hybrid appraisals always feature two components: property data information completed by one individual, a final value conclusion completed by another. Sort of an ice breaker, Something like this for a Tshirt Mike?? I really regret I have to be lumped in with myopic practitioners like you. Order CDA Field Review BPO Value Recon 6-2022. 375,000 evals already completed per the companies own advertisements. Clear Capital's ClearAVM + PCI product is used nationwide and has assisted the . The mantra of amcs these days. I guess the geographic competence issue is old news now !! The appraiser is likely an employee or staff appraiser for the AMC,licensed in multiple states,and she probably never even saw the report. Ya mean we cant use the same pictures and just adjust the photo labels to suit each report? Learn the current market value of a property and more. Catching the appraiser seems inconsequential. http://www.dennisbadger.com/seminars/USPAP/ASBPrivacyGuidance.pdf. Ill take care of that later this week. Using the same photos for two (so called) appraisals? 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. I have dozens that Ive been given over the years as representations of bad work. Once you know more about him, please do come back here and let us have an educated discussion about his character and caliber. 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. Aurora extends the Better.com merger deadline once again, Real estate agents wonder if inventory levels will ever return to normal, Optimizing client engagement and communication in 2023, Shared Equity: A required intervention for home affordability. Its a credibility issue. Sooner or later one is large enough or far reaching enough to attract the attention of enough people to do something. 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. Im ok with them arguing copyright infringement though its spurious. Clear Capital: Intelligent Valuation Solutions Nationwide USA Phone: (530) 550-2500 Web: https://www.clearcapital.com/ Category: Realtors Clear Capital: Intelligent Valuation Solutions Clear Capital: Intelligent Valuation Solutions Real Estate Agents: Avoid Clear Capital Valuation Solutions, Truckee, California Nationwide Clear Capitals data collectors are licensed appraisers and brokers who have local MLS credentials, have been trained by us, and have passed our quality assurance standards. 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. Just stumbled upon this. I loved your entertaining comments in the review of this crap they are trying to get us to do. And how come youve never commented against hybrids, notorious amcs such as clear capital and all issues affecting our industry? Each month, we bring you compelling stories and revolutionary ideas from the people, companies, and institutions at the intersection of real estate, finance, and technology. About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies ACE Marketing Technologies LLC. Download invoices, uploaded origination appraisal, completed CDA report. Im assume those intentions are to cause harm, why else would someone put forth the effort. You are correct. They say their goal is to change the valuation industry towards a more technical automated focused approach. Undoubtedly this is the tip of the iceberg regarding systemic deficiencies in quick and short form products. Utter disgrace. Thats 10k a year on average, or roughly 835 a month, or about 27 a day. 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. ; rural cmmls, sub divisions, sfrs, etc. It was so bad even ASC and FFIEC had problems with it. Clear Capital was established in 2001 and is headquartered in Reno-Tahoe, Nevada. I think all you really have to do is send him an email and maybe a few questions. Sign it in a few clicks Draw your signature, type it, upload its image, or use your mobile device as a signature pad. Option to add-on a broker-generated listing report, Efficiently Manage Orders Online Read More. This helps the valuation provider evaluate and identify properties with a condition that is truly comparable to each subject property at hand. You honestly think this initial post is fighting for our profession. Let the states decide if there are regulatory issues. Like the 10% AMC fee posted for the hybrid horror from ClearCapital Im only giving them 10% of my digits if I waive.. in extra Origination Fees because, on paper, my customer went from 57% LTV (43% equity) to 62% LTV (only 38% equity). Clever! These companies have been more effective at eliminating checks and balances than any criminal Ive ever heard of. Their growth is now accelerated and its likely the appraisal profession will cease to exist in mortgage lending unless every single last distribution employee is held individually accountable through licensing. Their policies also differ from Indianas as many states do. Id rather retire. These appraisers have completed over 375,000 Collateral Desktop Analysis (CDA) reports to date. The representative was requesting additional information which was given, and to also let me know their office takes ALL consumer complaints seriously. This field is for validation purposes and should be left unchanged. Just ONCE Id like to see a patriotic legislator rather than one tied to all the undermining subversive special interests. Whether the investors that loaned the money will also make claims is anybodies guess. Learn More About Integrating With Clear Capital! You know, like a $25 signature licensing fee. https://blogs.alamode.com/blog/complying-with-the-gramm-leach-bliley-glb-act. Clear Capital is a leading provider of hybrid appraisals for mortgage origination. The property data collection solution will manage loans and their adoption through order management integrations, website ordering and API ordering. Does anyone know Michelle? Though it is AB that devotes more space to specific issues usually. I was told Yes by an E&O underwriter when I asked if these Hybrids are being insured. Do not reproduce without permission of authors. Download Digital GLA/ANSI Alignment Datasheet, Download ClearCollateral Review Datasheet, , a national real estate valuation technology company, today announced the launch of, , the latest in the Companys suite of products designed to support appraisal modernization. Nor do we know what parts if any were attached after she signed it electronically (assuming she actually did). The amount of photos is ridiculous !!! The solution also. Consume. We also have no obligations to the specified client who themselves MAY have issues of wire fraud to deal with down the road. Clear Capitals Desktop Appraisal and Desktop Data Collection products follow the release of the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE)Action Plan, which called for more objectivity and consistency in property details and information used in appraisals. 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. This is a crowdfunding outfit. 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. Please contact me. Design by Real Estate Webmasters. I dont know of any studies where 10% is deemed C&R. In cases where such fees would be increased, Clear Capital will place the report on hold and submit a fee approval request to Customer. As for my correct reasoning, YES. Tyler. Credible results & honest disclosures or not? Save my name, email, and website in this browser for the next time I comment. This field is for validation purposes and should be left unchanged. I wonder what the activity level would be if a hundred appraisers had filed complaints? As a former employee, I can state for a fact that Clear Capital will do whatever is necessary to keep the banks happy and the vendors working. Broker (who also has offices in Florida and Missouri I believe) and potentially the appraiser. This is a BIG brokerage. We (appraisers) need a Nancy Reagan style Just Say No campaign directed at unscrupulous AMCs. Look at the thumbs up/down ratios. Best of luck! Clear Capital's Desktop Appraisal and Desktop Data Collection products follow the release of the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) Action Plan, which called for more objectivity and consistency in property details and information used in appraisals. It wasnt (confidentially provided). You can find forms for investigations against both the appraiser and broker in question at https://grec.state.ga.us/forms-applications/investigations/. This appraiser fell on her own sword, welcome to the new era of accountability and actual transparency. Winds light and variable.. Tonight If you would like to understand more please contact me as this is much different than anything done before. UDC data set provides lenders with immediate national scalability, interchangeability and less complexity for loan management RENO, NV / ACCESSWIRE / March 2, 2023 / Clear Capital, a national real estate valuation technology company, today announced the launch of Universal Data Collection (UDC), the latest in the Company's suite of products designed to support appraisal modernization. Business Started Locally: Can we contact them? Personal attacks harm the collegial atmosphere we encourage on AppraisersBlogs. The desktop appraisal typically takes two to three days when using Clear Capitals appraisal panel. Amcs wield disproportionate unanswerable power and effectively dominate the field of individually licensed persons without restriction and without restraint. There was no other contact information available. They have ruled through intimidation for 10 solid years now with little to no consequences. State Appraiser Coalitions & Organizations, Fraud Facilitating Misleading GSE Products, Uniform Standards of Professional Appraisal Practice, Mike Ford, AGA, GAA, RAA, SCREA, Realtor, Mike Ford, American Guild of Appraisers (AGA), https://grec.state.ga.us/forms-applications/investigations/, Mike Ford, AGA, GAA, RAA, SCGREA, Realtor, Mike Ford, AGA, GAA, RAA, SCREA, Realtor(R). I do admire your fight! Wait, I know, the lender gets a deal out of it.lol..have mercy on this appraiser soul ! I think the VA is smart enough to see what is going on here. But FNMA says they will be "professionally trained", and vetted at "Reconciliation" of horse shyt is nothing new. Poteau, OK (74953) Today. getting Scribd to remove a document is very easy. Check on your order status at any time, then share your report files with your key stakeholders. Great idea. It is also the lender failing their obligations under FIRREA OR state law. Now to alert every single regulatory agency in every single state, such trickery is likely happening right under their noses, courtesy of clear capital. 2006-2023 HW Media, LLC. This deserves its own article. The question was rhetorical, they have already gotten away with it. Nationwide Appraisal Network NAN Standard Fee Table 2022. Do you really think you have persuaded anyone here? We welcome critical posts & opposing points of view. It too labelled itself as being USPAP compliant. Get more info about our property data collection program! If you are an appraiser under another name that chooses to keep it private, no problem and no criticism (from me anyway).
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