Real Estate Valuation Technology Provider clear capital On Thursday, we launched Universal Data Collection (UDC), a product designed to support assessment modernization. The UDC product will provide lenders with scalability, compatibility, and tools for loan management, according to a statement.
UDC provides fast and accurate data collection when a lender is “eligible for lending under the Institutional Loan Program that allows assessment exemption based on inspection” according to the Freddie Mac and Fannie Mae data standards.
According to the company, UDC serves as the only product that meets changes in modernization policies for underwriting at “a fraction of the cost” and “half the time” required for traditional underwriting.
“Simplicity of implementation is at the heart of Universal Data Collection, a product that will help drive the future of valuations, with a focus on removing the recruitment and loan management hurdles so common in traditional valuation processes. ,” said Dan McAlister. At Release, Director of Product Management at Clear Capital.
UDCs are ClearInsight platform, Clear Capital’s mobile property data collection application. It enables real estate professionals to generate digital photographs of homes in a short amount of time. The new solution also leverages software from Clear Capital subsidiary CubiCasa to create digital floor plans.
New product support fannie mae The newly announced Value Acceptance + Property Data program, according to a statement. Also supports UDC freddie mac ACE+ PDR solution for lenders to grow their business.
The company claims that along with loan programs that meet the needs of borrowers, UDC also offers flexibility as eligible loans can be transferred to agents. Real estate data collection solutions manage loans and their adoption through order management integrations, website orders, and API orders.
Clear Capital – 2022 housing wire Founded in 2019, Tech100 Mortgage Company has completed data collection for over 250,000 agency loans that utilize the Rating Modernization Program. The company has his panel of over 4,200 brokers and agents, allowing lenders to offer his 97% coverage nationwide.