Story by HousingWire
Real estate valuation technology company Clear Capital announced on Wednesday that it has expanded its partnership with ValueLink, a valuation management platform, to offer better support for appraisal modernization policy changes.
Through this expansion, ValueLink customers can now access Clear Capital’s proprietary Universal Data Collection (UDC) solution, which offers fast and accurate data collection and submission that meets Freddie Mac and Fannie Mae data standards for property data reports and property data collections.
“We are thrilled to expand our partnership with Clear Capital by adding the Universal Data Collection offering through our Lender and AMC platforms. These alternative valuation initiatives are a gateway to a modern appraisal process, as they reduce origination times, reduce costs and provide a better experience to our borrowers,” said Aqil Ahmed, SVP of operations at ValueLink.
The UDC launched in March 2023 and offers flexibility, scalability, and coverage at a fraction of the cost of a traditional appraisal.
According to Kenon Chen, EVP of strategy and growth at Clear Capital, the expansion of their partnership with ValueLink will make it easier for lenders to adopt new options, drive appraisal modernization across the industry, and ensure a better valuation experience for consumers.
