Clear Capital‘s ClearCollateral Review (CCR), an automated appraisal review platform for collateral underwriting, is now on the Encompass Partner Connect API framework.
That means mortgage lenders using Encompass can readily access ClearCollateral Review directly in their loan origination system (LOS), enabling a thorough review of appraisals to mitigate risk.
“Our ultimate goal behind ClearCollateral Review is to increase certainty in the appraisal process by providing the tools and data necessary to flag risk and make corrections to an appraisal,” says Dan McAlister, vice president of product at Clear Capital, in a release. “Through our integration in Encompass, we’re unlocking robust review capabilities for a large portion of the industry. Ultimately, we’re allowing lenders to scale their business to handle more loan volume with confidence.”
ClearCollateral Review automates workflows and provides powerful review tools fueled with robust data and analytics for the appraisal underwriting process, with risk-based features including auto-approve functionality, configurable rules, auto-assignment for collateral review team management, and Clear Capital’s industry-leading ClearAVM to assess valuation risk.
Through this integration, lenders can now order ClearCollateral Review directly through the loan itself, and upon completion, all review documents will be automatically uploaded into the loan.
Photo: Jonny Gios