ClearValue Consulting, a provider of enterprise-class vendor management technology for the mortgage industry, recently launched its Property VeriPix platform. This is a photographic validation and chain of custody technology verifying the location, date and time of subject property photos provided by third parties, according to a company press release.
By automatically validating the authenticity of every property photo, Property VeriPix helps weed out fraudulent activity and engenders greater trust between property inspectors, field agents and other third parties that provide property photos and mortgage lenders making lending and investment decisions, the release stated.
ClearValue Consulting has been providing enterprise-class vendor management technology for forward-thinking mortgage organizations for more than a decade. Its clients and partners include some of the industry’s largest lenders, title insurance and outsourced services providers, including Altisource, Old Republic, Computershare and SWBC.
“Our mortgage-lending customers rely on photographs and associated metadata to support condition and value conclusions, but digital content can be easily manipulated,” ClearValue Consulting President and Chief Technology Officer Kevin Musick said in the release. “Using the latest cryptography tools, Property VeriPix certifies whether photos are authentic as well as who took them and when, so lenders can have confidence that what they ordered is what they received. In a changing landscape, lenders can count on ClearValue to manage third parties effectively and compliantly.”
The company’s Acuity platform manages vendor selection, validation, performance, and distribution of work while ensuring regulatory compliance. The platform also proactively manages orders throughout the lifecycle to reduce human intervention while ensuring the prompt delivery of third-party products and services.