It has to be notarized so I will have a friend do that tomorrow. First, we listen to your needs. Georgia is logistically more difficult that will be tomorrow. We ALL used to collect at the door before HVCC. Audit time, how many similar products has clear capital approved, for how many different clients, in what states, and is failure to identify these obvious inconsistencies in reports a penalizable offense towards amc licensing? It was so bad even ASC and FFIEC had problems with it. Notify me of followup comments via e-mail. Clear Capital, a national real estate valuation technology company, has announced ClearPhoto, a set of AI-driven rules built into the company's ClearCollateral Review solution. Its real easy to avoid being the focus of these kinds of articles. It is a widely recognized method used to determine the worth of a business for various reasons, including mergers and acquisitions, buy-sell agreements, selling a business, lender financing, and business investments. Clear Capital's ClearCollateral Review uses intelligent appraisal review automation to reduce manual efforts while improving appraisal quality control. 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? Embarrassing that report is being passed as an appraisal. Lets see if she can back up her analysis. Dan McAlister, Director, Product Management at Clear Capital, said the accessibility of Desktop Data Collection and the companys nationwide panel of data collectors should make this an attractive offering for lenders. Aside from that, I have no intention of standing idly by while MY profession is undermined by liars at ClearCapital claiming this garbage is USPAP compliant (Yes, I INVITE their attorneys contact or other interest-truth is an absolute defence!). Youve taken a position of defending those who would put you out of business. As an appraiser myself, I find this an abhorrent hypocrisy. BTW, Georgia has NOT to my knowledge let this go by. I have no interest in attending any meeting that will further assist AMCs in their exploitation of our profession. Learn More About Integrating With Clear Capital! When the new appraisers came out to inspect the property the owner offered these appraisals in support of his strongly expressed desired value. It is the originating appraiser that has an obligation to maintain privacy of NPI. I really regret I have to be lumped in with myopic practitioners like you. 2006-2023 HW Media, LLC. Just another way for the big corporations to push out the appraiser, http://appraisersblogs.com/clear-capital-push-hybrid-VA-appraisals. Put her out of her misery. No its not. Hybrids are not even mentioned or separated in the columns when filling out the application but lumped in with 1004s,etc.. They arent guest speakers. 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. Broker (who also has offices in Florida and Missouri I believe) and potentially the appraiser. Sign the Open Letter to AMCs. Wow! You know, like a $25 signature licensing fee. The amcs name appears more frequently than any other party in the report. 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. FNMA sure as hell wont do it. Money for nothing with no individual accountability is a powerful motivator. Download Digital GLA/ANSI Alignment Datasheet, Download ClearCollateral Review Datasheet. I guess the geographic competence issue is old news now !! 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. Thanks! Personal attacks harm the collegial atmosphere we encourage on AppraisersBlogs. Im not attacking anyone. 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. 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.. Wow ! Preferred Partner Network with specific program training Looked at the ASC website, it appears that all Michelle Shavons licenses are still in good shape across the board, no disciplinary actions taken. I feel like Im in the Twilight Zone, Michelle Shoven, an appraiser that does everything To other appraisers shes the most unwelcome addition to the industrybut without her youd never enter the Twilight Zone. This has a separate potential for becoming another federal regulatory concern. Download Digital GLA/ANSI Alignment Datasheet, Download ClearCollateral Review Datasheet, Delivering advanced real estate valuation and You and Lisa work for the same AMC by any chance? The fact they they appear to have been performed in Indiana may bring that state into play. 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. Its inclusion is proper, in support of claims that BOTH products have serious procedural issues and credibility issues. I went to see a notary friend but forgot to take the Georgia complaint with me. This particular amc seeks to completely rewrite the appraiser profession to function completely different and not even require licensed appraisers in the future. Can you provide everyone here the name of the client who provided you the report? Thanks for your time and resources. 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 . My inquires found that the property had never been Patented, but was the product of several arms Length? Removing the one appraiser who likely already profited over 1 million dollars in 5 states wont do anything. Im not trying to uncover your personal information. As usual, the largest companies are the most aggressive, pushing the envelope of ethics and acceptability. Regardless, my name is not germane to this discourse. I have zero obligation to protect anyone related or associated with the appraisals in question. Im also still waiting to hear from Georgia appraisers about whether a broker can provide an opinion of Fair Market Value in Georgia that was clearly not for use in obtaining a listing. This escalated quicker than any of us initially realized. In this case I dont see any wrong doing from Mike or the Appraisersblog team though. GUESS WHAT.. ? Traditional hybrid appraisals always feature two components: property data information completed by one individual, a final value conclusion completed by another. I respect the opposing view though I disagree with it in these circumstances. Lenders can engage their existing AMC or direct-engagement appraiser panels to reliably complete the desktop appraisal with the necessary property data.. Your email address will not be published. Visitwww.clearcapital.com/solutions/desktop/to learn more. Average Clear Capital salaries by department include: Sales at $123,373, Engineering at $104,152, and Product at $164,228. A Clear Capital team member will contact you within one business day. There is no record of you as an appraiser in the asc registry or anywhere on the world wide web! I got my inspection fee and they never got a report. Your email address will not be published. Just ONCE Id like to see a patriotic legislator rather than one tied to all the undermining subversive special interests. If the profession is dying its because of people like you and this appraiser who are not fighting for it. There was reportedly some additional conversation that is purported to entail improper and undue pressure on the appraiser that was doing the inspection. Possibly similar though more specific to AMCs, revaa and the like. 6 Ways to Prevent Conventional Loan Appraisal Revisions, 7 Easy Steps to Reduce Appraisal Revision Requests. Sooner or later one is large enough or far reaching enough to attract the attention of enough people to do something. Cherre Announces Partnership with Clear Capital, Expanding Access to Market and Property Information AppraisalWorks, Clear Capital Announce Partnership. This field is for validation purposes and should be left unchanged. [no such claim is being made] we honestly dont know if signing appraiser ever actually authorized her signatures use. No rules for amcs, they are the bitcoin of real estate now. Hope someone printed it. Personally, I think give appraiser light slap on wrist, and immediately sanction the amc nationwide along with heavy penalty to realty agent who obviously cheated on his cma. Our program was co-developed with and designed for the major investors and top lenders, Early adopter in test-and-learn initiative with multiple top lenders, In development phase with other investors, Seamless and Integrated I was also told because if they insure, another E&O company will due to competition. I HAVE NO CLIENT in this case. No false accusations. And why are you so concerned with uncovering my personal information? They do what they want, they take what they want, and they buy whom they want. With varying standards across the property data collection space, UDC provides flexibility, as eligible loans can be quickly and easily transferred to the agency with the loan program that meets the borrowers needs, without the need for an additional product. The company said UDC will act as the singular product to satisfy appraisal modernization policy changes in a fraction of the cost and half the time needed for a traditional appraisal. And the winner is. My favorite part was approving broker price opinions that Wells Fargo had ordered and stated in writing, would be used for lending purposes. The "appraisal fee" was $250 but the AMC (Clear Capital) got $225, and this appraiser got $25 for each evaluation. If the report was provided to Mike confidentially then there may be an issue between Mike and the provider. Live from ICE Experience 2023. We are focused on continuous improvement and look to expand our expertise through . Amcs wield disproportionate unanswerable power and effectively dominate the field of individually licensed persons without restriction and without restraint. Last modified May 11, 2019. Site by, The new, must-have technology thats tackling lendings greatest challenges. 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? Delivering quality valuation management and data solutions, First, we listen to your needs. LOL !!! Please contact us and we can help you get started or answer any questions you may have. We designed our pre-check submission process to eliminate the back-and-forth that consumes valuable time in standard appraisals. Desktop Data Collection will empower mortgage lenders to broadly adopt desktop appraisals with the certainty that an appraiser will be provided the necessary property information to complete a desktop appraisal. Your email address will not be published. Desiree, I honestly respect your well articulated post, and youre right, I shouldnt have disparaged Mike. So, the appraiser doesnt know the WHO or even the WHAT of qualifications or the source of data she signed her name under. The provider had full advance knowledge of what I would do with it if and when it was sent to me, if after reading it I concurred with original discussion comments concerning it. Funny how I found your comments here, Retired Appraiser. Over 12 months, Company A brings in an initial profit of $12,000,000. They say their goal is to change the valuation industry towards a more technical automated focused approach. Just go back and re-read your comments. The question was rhetorical, they have already gotten away with it. There have been complaints sent to AB all from the same ISP claiming different false email addresses saying appraiser has been receiving threats. And Clear Capital is again stealing the lions share of the appraisal fee. This appraiser has sold her soul to the devil..shed better check with her E & O. Shes going to need it. A good number of them may have crossed lines even for us as ICs. Sign up with FaceBook group 100% Appraisers. 10:1 ratio-sounds about par. 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). 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. 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. Are these really the actions of someone who seeks to help their fellow appraisers- someone with the highest moral and ethical standards as you claim? UDC data set provides lenders with immediate national scalability, interchangeability and less complexity for loan management RENO, NV / ACCESSWIRE / March 2, 2023 / , a national real estate .
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