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Your post would also have FAR more credibility if the ASC national registry had any appraiser with the last name of Schorle. Mark screens all applicants to assure they are appraisers. Personal attacks harm the collegial atmosphere we encourage on AppraisersBlogs. In my humble non legal opinion Yes, that sure seems like bank fraud to me. The "appraisal fee" was $250 but the AMC (Clear Capital) got $225, and this appraiser got $25 for each evaluation. Clear Capital Appraisal Pricing - 6-1-2022. 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. The desktop appraisal typically takes two to three days when using Clear Capitals appraisal panel. Desiree- my original comment was not an attack; however, I do admit, and have apologized to Mike for, some of my subsequent comments. Please enter your details below to grab your copy! Its time we lift up the cinder block and expose these predatory lenders and appraisal management companies for the insects and parasites that they are. Youre a perfect example of why this profession is dying and why those who need valuation services lament using appraisers. They are not accountable, not as individual persons, and not as companies as a whole. This is a BIG brokerage. The property data collection solution will manage loans and their adoption through order management integrations, website ordering and API ordering. How come these issues arent debated intelligently by anyone? Plus, it's being added to Encompass by ICE Mortgage. 2023 ClearCapital.com, Inc. All Rights Reserved Privacy Policy | CCPA. Through our Desktop Appraisal solution, seasoned appraisers can deliver an opinion of value up to 50% faster than a traditional appraisal, meaning mortgage lenders can confidently close loans faster for their customers.. Appraiser to employ hypothetical condition that a property exists which meets our sfr lending guidelines. A buyer sustained real loss as a result of these. The results demonstrate a positive correlation at different stages of the performance appraisal. 2023 ClearCapital.com, Inc. All Rights Reserved Privacy Policy | CCPA. 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. Please enter your email to receive our current datasheet. There is no change to existing fees/policy for: Streamline refinance transactions where the funding fee remains at 0.50%. TAF has no desire to do it. Rocket has a plan to drastically cut costs. Operating Status Active. Do you really think you have persuaded anyone here? Just a simple status report. LOL !!! The company claims UDC will also provide flexibility, as eligible loans can be transferred to the agency, along with the loan program that meets a borrowers needs. 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. This is what we do as appraisers. These appraisers have completed over 375,000 Collateral Desktop Analysis (CDA) reports to date. Professionals rely on HW Media for breaking news, reporting, and industry data and rankings. The reduction is .30% for subsequent users on cash-out transactions. All 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. They arent guest speakers. Replies to my comments 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. 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. Our ClearInsightapp guides the collector to ensure complete and accurate results. Well if amcs had not already made it clear as day they will take punitive action against appraisers for standing up for themselves These companies are powerhouses of pressure and deception, true boiler rooms with virtually no individual accountability. A Clear Capital team member will contact you within one business day. If a person were to actually look at the Clear Capital web page it states (and its on the internet so it must be true: Our network of more than 40,000 boots-on-the-ground field experts deliver deep insights so you can proceed confidently in all your real estate decisions. Download Digital GLA/ANSI Alignment Datasheet, Download ClearCollateral Review Datasheet, Delivering advanced real estate valuation and What a deal! 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. But either way, your understanding of NPI and restrictions on its use are erroneous. Clear and uniform value reconciliation report completed by a specialized network of review appraisers that includes detailed appraiser commentary. That may be the final solution, the only solution. Readers can make their own decisions. Its a credibility issue. This field is for validation purposes and should be left unchanged. 3. Learn More About Integrating With Clear Capital! RENO, NV / ACCESSWIRE / March 30, 2022 / Clear Capital , a national real estate valuation technology company, has announced the launch of Desktop Appraisal and Desktop Data Collection, two . It wasnt (confidentially provided). The lender is also noted, it would seem that an appeal to them might result in the swiftest corrective action. Hybrids are not even mentioned or separated in the columns when filling out the application but lumped in with 1004s,etc.. Keep that fee in mind as you read through the attachments. The issue is not the individual appraiser. Wouldnt that be bank fraud? See What IS a "ClearVal Appraisal"? UDC is supported by ClearInsight, an easy-to-use mobile app that enables real estate professionals to quickly generate a complete digital picture of a home. If youre working to secure loans valued at less than $500,000, a commercial evaluation could be a perfect fit for you. So what, theyre just getting away with it and the only penalty was this article? Phone Number 5305505979. 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.. Amazing! 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. Give me a break. There is no record of you as an appraiser in the asc registry or anywhere on the world wide web! 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. The amc directed this approach, they promoted this activity, probably in large scale nationwide. Obviously this AMC or the lender/client released this report to unauthorized partiesbeforeit ended up here. If your reasoning is correct, that means any appraiser can obtain any other appraisers work and distribute it with no questions asked or repercussion. Learn More About Integrating With Clear Capital! Im ok with them arguing copyright infringement though its spurious. 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. A supplemental services provider simply removed it based on an unvetted complaint as is their policy. 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. 300 E 2nd St STE 1405, Reno, NV 89501-1508. I encourage all readers to also look up the rokers name and check out his website. ross@calibercorporate.com I think she should be turned into each of the 5 states shes licensed in. 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. Anything else is holding the fee hostage and making the appraiser fund their ponzi scheme cash flow. People have already been harmed by these two reports. Does that not have repurcussions for our industry? It could slow down the entire desk-appraisal-value-added manufacturing industry in five entire states! If he really wanted to be a steward and voice for the appraiser community, he should have been ethically responsible and did whats right for all of us. Hahaha. Please enter your email to receive our current datasheet. Save my name, email, and website in this browser for the next time I comment. Get more info about our property data collection program! You get what you pay for. Amid all the hype about how USPAP compliant alternative appraisals can be; the fact is that NONE have been posted anywhere that actually ARE. No reason we cant get paid IN ADVANCE by the AMC. 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. 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. Lead Analyst Logan Mohtashami explains. I was told Yes by an E&O underwriter when I asked if these Hybrids are being insured. http://palmerhouseproperties.com/?aios_agent=earl-farmer-jr#, Actually there is no signature on this report or its fraternal twin. Sign up with FaceBook group 100% Appraisers. My favorite is being asked by CC to do an appraisal for Wells Fargo asset valuation and going to site and wandering around for almost an hour trying to find the house not finding it based on plat map and satellite information, only to finally realize it was missing. Its your choice. They even sit on the probable cause panels like the gestapo. 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? By that I mean specific complaints need to be filed. I found this whitepaper from The Appraisal Foundation, it offers some insights as well. Lighten up, youre not the one whos going to be in trouble, the perpetrators of this fraud are, and rightfully so. We also have no obligations to the specified client who themselves MAY have issues of wire fraud to deal with down the road. Considering the total fee is likely half of the traditional base fee for valuation service products, double that amount to consider loss of income in the appraisal industry due to these aggressive predatory practices. Adding a rolling donut, reference to flying and relevant directions would probably have to be added. 10:1 ratio-sounds about par. 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. Obey. Im assume those intentions are to cause harm, why else would someone put forth the effort. I dont enjoy it. How much did the field inspector get paid? Clear Capital's ClearAVM + PCI product is used nationwide and has assisted the . John You are simply wrong. Internal quality assurance audit in post-fund due diligence for lenders and investors. My fee in Virginia for a final inspection is between $100 to $150. Please enter your details below to grab your copy! I urge all to do the same. Money for nothing with no individual accountability is a powerful motivator. Our modern appraisal program is the result of years of building strong partnerships with lenders and investors, countless hours of research and tech development, and a dedication to pioneering the future of real estate valuation.