Clear Capital Selected by Freddie Mac as Technology Provider for Appraisal Data Validation in Uniform Collateral Data Portal
07 4월 2014 - 9:00PM
Clear Capital®, has been selected by Freddie Mac (OTCQB:FMCC) to
power its collateral review of appraisals submitted through the
Uniform Collateral Data Portal® (UCDP®) and to provide the company
with in-depth feedback regarding the quality and accuracy of the
appraisals.
Clear Capital will integrate a customized version of its
valuation review product, ClearQC® with the UCDP. Clear Capital is
customizing its ClearQC workflow and business intelligence to align
with Freddie Mac business requirements.
"We have been refining ClearQC for our own internal quality
assurance for over a decade," said Kevin Marshall, President of
Clear Capital. "It's been a part of Clear Capital's foundation, and
we have seen it perform on millions of valuations. By providing a
customizable version of ClearQC in the UCDP, we are working with
Freddie Mac to provide a consistent approach to appraisal review
and transparency on appraisal requirements."
Clear Capital's retail version of ClearQC offers customizable
rule sets with detailed narrative and data points on each rule run.
This gives ClearQC customers the ability to evaluate appraisal data
and receive pre-funding feedback. Actionable, informative and
specific messages help customers make timely and appropriate
funding decisions based on high quality appraisal evaluations,
scored and validated against a vast repository of third-party
data.
"By integrating our retail version, ClearQC customers can
establish a consistent approach to appraisal review in order to
reduce risk and uncertainty. ClearQC gives customers peace of mind
that requirements have been met," said Marshall.
"The ClearQC rules are meant to both affirm well supported
appraisal reports and provide feedback when conclusions may need
further support," Marshall added. "Freddie Mac and Clear Capital
are very aligned when it comes to providing constructive
feedback."
For additional information on Clear Capital's valuations
solutions and data and analytics, visit clearcapital.com or call
530.550.2525. For additional information on the Phase II of Freddie
Mac UCDP Proprietary Messages enhancements, visit
FreddieMac.com
CONTACT: Alanna Harter
Marketing Manager
alanna.harter@clearcapital.com
530.550.2515
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