Learn the current market value of a property and more. Years in Business: 21. Business Started: 4/20/2001. UDC supports Fannie Maes newly announced Value Acceptance + Property Data program, as well as Freddie Macs ACE+ PDR solution, empowering lenders with immediate national scalability and coverage. A conventional appraisal completed by an appraiser from Clear Capitals national appraisal management company. What? Thanks for any info! 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. Dont worry Matt. Guess what, this reaction is exactly what third party vendors do not want..sunshine that is now exploding across the country. Just imagine if sensitive client information you were legally obligated to protect was disseminated on the internet without your knowledge. Under current rules, any home valued at more than $250,000 needs to be examined by a licensed appraiser. It has to be notarized so I will have a friend do that tomorrow. 2. Technology Platform, All property data, information, and photos flows efficiently through the process from start to finish, ClearInsight guides data collection and generates automated floor plans, Data and analytics support the appraisal process, Comprehensive order fulfillment integration with standardized APIs, We will be your single point of contact to manage everyone involved and to ensure quality, Certified Property Data Collection Specialists, Seamless & Integrated The approach can save time and money while providing a superior experience for the borrower. Clear Capital, a real estate valuation technology company, has announced the launch of Universal Data Collection (UDC), the latest in the Companys suite of products designed to support appraisal modernization. That may be the final solution, the only solution. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to email a link to a friend (Opens in new window), Click to share on SMS (Opens in new window). Lets see if she can back up her analysis. Further, maybe they do these online in effort to avoid paper trails floating around that can be set in as complaints. There are some events which are just undeniable. Georgia required a notarized signature (worth the effort in my opinion). MY hope is that every person that reads these will ALSO file complaints. The properties were in Georgia. 01. Now to alert every single regulatory agency in every single state, such trickery is likely happening right under their noses, courtesy of clear capital. This deserves its own article. Professionals rely on HW Media for breaking news, reporting, and industry data and rankings. Im sorry but I cant trust a misleading individual. UDC supports Fannie Maes newly announced, 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, , EVP of Strategy and Growth at Clear Capital. Matt, you obviously know nothing about Mike Ford. I googled it, but havent read anything about what they do. Ill be amazed if OA; LO, AMC & the lender dont all get sued. You know, like a $25 signature licensing fee. Absolute disgrace to our profession. The power of data with Mike Simonsen at Gathering of Eagles, Eric Lapin on how consumer-controlled data can change lending. Get more info about our property data collection program! Hybrid Appraisal Solution | Clear Capital | Property Valuations Hybrid Appraisal Program GSE-Compliant 1004 Hybrid/70H Appraisal Delivering a reliable opinion of value for home purchase and refinance loans nationwide. 2023 ClearCapital.com, Inc. All Rights Reserved Privacy Policy | CCPA. The AMC should pay the full fee upon acceptance of the order. Well I did a partial information asc search for last names. Complaints should be filed in EVERY state named herein. Option to add-on a broker-generated listing report, Efficiently Manage Orders Online A good number of them may have crossed lines even for us as ICs. View history. Download Digital GLA/ANSI Alignment Datasheet, Download ClearCollateral Review Datasheet, 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. Amcs wield disproportionate unanswerable power and effectively dominate the field of individually licensed persons without restriction and without restraint. I sure would hate tor anyone to know that Wayne Courtney is my name. So, if you didnt know if the appraiser actually signed the report, then why post her information here and use such derogatory tones against her in your diatribe? 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! UDC will provide fast and accurate collection of data, pursuant to Freddie Mac and Fannie Mae data standards, when lenders receive loan eligibility for agency loan programs that allow for an inspection-based appraisal waiver, according to the statement. Better check to see if you are covered. If you would like to understand more please contact me as this is much different than anything done before. You said yourself, you were given the report by the client and you werent sure the appraiser even signed it. The main vehicle for achieving this goal is a Practical Applications of Real Estate Appraisal (PAREA) program . About Clear Capital I have no interest in attending any meeting that will further assist AMCs in their exploitation of our profession. Multi state. Mark screens all applicants to assure they are appraisers. I have it on good authority that after this flipper was funded by Groundfloor, he couldnt get an appraisal to make value for him to make a profit. Another will quickly follow the program and rise to fill that chair. Mike, wouldnt you love to be a fly on the wall in the asset managers office when they have a discussion with loan processing and ask why or if WF is lending on non existent houses? I didnt sign that. Download Digital GLA/ANSI Alignment Datasheet, Download ClearCollateral Review Datasheet. Wouldnt that be bank fraud? Will also file complaints in Indiana and maybe AMCs home state. OwnerInsight provides a no-cost, nationwide solution to maintain proper social distancing while giving lenders, appraisers, and AMCs timely information from inside homes they are unable to physically enter because of COVID-19 RENO, NV / ACCESSWIRE / March 26, 2020 / Clear Capital, the premier provider of modern real estate valuation and analytics technology solutions, today announced . 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. Make no mistake, MOST AMCs are NOT paid by the lender/clients. Even if it were, WE have no client relationship with the pondscum that produced the format used. Do not reproduce without permission of authors. Isnt the biggest crime the lender accepting the appraisal from the loan agent? 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. 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). 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 Dan McAlister, director of product management for Clear Capital. Absolutely disgusting, and an insult to hones, hard working appraisers everywhere. We generally include authors' info at the end of each article. 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. With over 1,500 Associated Brokers and Agents, PalmerHouse Properties is the 10th largest Georgia real estate brokerage in 2016 closing over $1.32 Billion. Click below to receive the latest real estate news and events directly to your inbox. Your email address will not be published. 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. If the report was provided to Mike confidentially then there may be an issue between Mike and the provider. Anyone is allowed at AppraiserFest. is she affixing or authorizing it each time or is ClearCapital just slapping her name on these without her specific authorization? 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. Look at the labels for the interior photographs. ClearCast host Kenon Chen sits down with Stephanie Durflinger, SVP. (By the way, a consumer can absolutely choose to make their own appraisal reports public). Ive filed a formal complaint with Indiana and Georgia follows later this week. This is a BIG brokerage. They do what they want, they take what they want, and they buy whom they want. The other is more diverse-Social (fun) ; some help, some snarkiness and some infighting but mostly informative. Download Digital GLA/ANSI Alignment Datasheet, Download ClearCollateral Review Datasheet. Lenders can engage their existing AMC or direct-engagement appraiser panels to reliably complete the desktop appraisal with the necessary property data.. I respect the opposing view though I disagree with it in these circumstances. Much larger than bonds and stocks, which respectively rank second and third by total market cap. We are focused on continuous improvement and look to expand our expertise through . We also have no obligations to the specified client who themselves MAY have issues of wire fraud to deal with down the road. Thats quite the coverage area. Wiwapp@gmail.com and I can answer your questions. The new product supports Fannie Maes newly announced Value Acceptance + Property Data program, according to the statement. I dont look to tilt at windmills and win every battle.Its more like dropping a pebble or pebbles in a pond and seeing where the ripples go and for how long. This is the end game. This new innovation automates the review of property photos, ensuring they are aligned with the appraisal data and sketch. 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. Matt couple thoughts, if the name is a nom de plum please just say so because there is no Schorle licensed in ASC directory. Prove me wrong. Having said that-Kudos Des! 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. The "appraisal fee" was $250 but the AMC (Clear Capital) got $225, and this appraiser got $25 for each evaluation. or other factors. Automated Appraisal Review with Clear Capital. Thanks! You get what you pay for. The appraiser merely reviewed a cma and relied on Earls data. If the profession is dying its because of people like you and this appraiser who are not fighting for it. It is my understanding that to date not a single one of them has ever been audited or held to compliance with the majority of lending rules which everyone else has to follow. Real estate investing involves the purchase, management and sale or rental of real estate for profit. 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. Not exactly a readily defensible position. Potential class action suits are not off the drawing board either. You ask why else? Though it is AB that devotes more space to specific issues usually. 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. 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. Then there is a line that says digital signature and that appears like this /Michelle Shoven/. http://palmerhouseproperties.com/?aios_agent=earl-farmer-jr#, Actually there is no signature on this report or its fraternal twin. It wasnt (confidentially provided). This field is for validation purposes and should be left unchanged. 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. Look up the broker who ostensibly prepared them. Just go back and re-read your comments. Honorable Mention goes to Coester VMS and Streetlinks. I do admire your fight! A supplemental services provider simply removed it based on an unvetted complaint as is their policy. Why Use Clear Capital Commercial Evaluations? Of the top ten sales the Clear Capital AVM used: five are two-story structures; one was not listed in the local MLS; another was listed but had no photos and no agent comments at all; one was a bit older and smaller; and the other two would have made acceptable alternative comparables in my report. According to a recent non-scientific survey conducted by AppraiserNews, the World's Worst AMC Alive is Clear Capital. 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. UDC data set provides lenders with immediate national scalability, interchangeability and less complexity for loan management. Its your choice. I agree Pat, let us start getting them together! When a lender receives loan eligibility for agency loan programs that allow for an inspection-based appraisal waiver, UDC ensures the submission meets both Freddie Mac and Fannie Mae data standards, the company said. 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. Amid all the hype about how USPAP compliant alternative appraisals can be; the fact is that NONE have been posted anywhere that actually ARE. Is this an issue for SEC and FTC, or only CFPB? Any appraiser willing to work for $25.00 needs to be retested! My understanding is that in these two Georgia cases, the owner finished all his planned renovations and wanted to refinance out of the short term loans. In fact, he was taking a bath and offered a bribe of 3K to the next appraiser to come along to hit a number. 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. I urge all to do the same. Save my name, email, and website in this browser for the next time I comment. Rocket has a plan to drastically cut costs. This field is for validation purposes and should be left unchanged. I have dozens that Ive been given over the years as representations of bad work. Matt Schorle doesnt exist as an appraiser. Ross Stevens I have zero obligation to protect anyone related or associated with the appraisals in question. Delivering a reliable opinion of value for home purchase and refinance loans nationwide. Because amc trolls pretending to be appraisers are a dime a dozen here. None of us started this. First, we listen to your needs. I wont accept an escrow loophole. Sooner or later one is large enough or far reaching enough to attract the attention of enough people to do something. Our profession is not going to clean itself up. Contact How do you transition from QC defense to offense in 2023? The goal is to raise much needed awareness and support to change the broken AMC model within our industry. They and anything they contained ceased to be NPI at that point. 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. The company has a panel of more than 4,200 brokers and agents, allowing lenders to provide 97% coverage nationwide. 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. Save my name, email, and website in this browser for the next time I comment. How and why the lending industry has been moving away from this common sense approach defies logic. Why is it that a fee for an assignment an appraiser accepted the true underpinnings of such attacks on a human being? For more information on Universal Data Collection, visit ClearCapital.com/udc. Fellow appraisers, these are not empty gestures. It too labelled itself as being USPAP compliant. Please enter your details below to grab your copy! The property data collection solution will manage loans and their adoption through order management integrations, website ordering and API ordering. These reports are very different. Get more info about our property data collection program! UPDATE: I received inquiry from Indiana AGs office (today) regarding filed complaint referenced above. You dont even sound like an appraiser. They need to escrow their accounts receivable and pay the appraisers in a timely manner and not wait until the borrowers areclosed and moved in weeks before They have become an unnecessary hindrance, when the lenders have numerous platforms to utilize. When I do so it is with full understanding that I am at risk of retaliation. Does anyone seriously think this specific guy inspected each of these properties? 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. 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? Few here would survive the competition from unfettered appraisers and agents allowed to produce these things with impunity. My bet is the owner of the property (investor) has to file the complaint(s) himself since he is the one with legal standing; and it happened in Georgia. In the last year, Clear Capitalannounced the innovation of ClearPhoto, a powerful set of AI-driven rules built intoClearCollateral Review, automating the review of property photos and ensuring they are aligned with the appraisal data and sketch. Thats the objective. And how come youve never commented against hybrids, notorious amcs such as clear capital and all issues affecting our industry? Somereaders might even say basic honesty is in question. This field is for validation purposes and should be left unchanged. . I downloaded the Georgia Board complaint form. Clear Capital Announces Universal Data Collection in Support of Fannie Mae Appraisal Modernization Policy Changes UDC data set provides lenders with immediate national scalability . Lord, where was the exit again, soon now, very soon. ClearCast host Kenon Chen sits down for a conversation with Sarah Knochel, CEO of Data and Analytics at Candor Technology, and
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