ClearValue Consulting, a provider of enterprise-class vendor management technology for the mortgage industry, announced a partnership with ValueScape Analytics to use its artificial intelligence (AI) technology to enhance ClearValue Consulting’s CLARITY appraisal review engine, according to a company release.
The CLARITY Quality Control & Rules Engine improves the appraisal review process by using technology to quickly ensure investor compliance and reduce the time appraisers spend reviewing and correcting orders. ValueScape Analytics uses AI through its Deep Learning Auditing Service, which verifies and creates evidence (or lack of evidence) that images, data and narrative in an appraisal report are accurate.
“ValueScape’s AI technology will improve our ability to ensure appraisal compliance and manage risk for our clients,” ClearValue Consulting President Kevin Musick said in the release. “This partnership will also enable ClearValue to advance our quality control processes to further reduce the time and costs involved with appraisal reviews.”
CLARITY works with all products, including traditional appraisals, hybrid and bifurcated valuations, broker price opinions and property inspections, as well as custom forms created within ClearValue’s ACUITY platform. It also proactively manages the ordering and prompt delivery of third-party products and services.
“Our strategic partnership with ClearValue Consulting brings substantial improvements to our industry in service-level agreement, turnaround time, quality and intelligent decisioning in collateral risk assessment,” ValueScape CEO William Leveson-Gower said.