I simply only had the one with the second being verbally communicated to me regarding same pictures and verbiage. ASC doesnt seem to have the will, mandate or authority. Once you know more about him, please do come back here and let us have an educated discussion about his character and caliber. This was given to appraisers by the owner and its posting here is not for any commercial purpose. The desktop appraisal typically takes two to three days when using Clear Capitals appraisal panel. Im not trying to uncover your personal information. Wow great work Mike Ford. These companies expanded at record paces which exceeded actual known ponzi schemes, to business sizes exceeding well established major corporations with far more infrastructure employees and overhead. It wasnt (confidentially provided). Better check to see if you are covered. Period. John you have chosen to deliberately distort and misrepresent both issues as well as your own background. It was so bad even ASC and FFIEC had problems with it. Approximately 168 million appraiser earning dollars absent due to the aggressive nature of these products, and that does not even consider the much larger portion of fee skimming and unearned fee raking. Option to add-on a broker-generated listing report, Efficiently Manage Orders Online Appraisal management company Clear Capital, in the latest effort to revamp the appraisal process, hopes to automate property photo reviews to ensure data and photo consistency with its. The Obvious Choice for Appraisal Review: Collateral Desktop Analysis (CDA ) Designed to remove pre-funding uncertainty, the CDA re-evaluates the original appraisal so you can deliver a comprehensive loan file quickly. It simply different than ABlogs is. Nothing wrong with anonymity; and contrarian views have as much place here as those that are on the opposite side of them. Do you know if this is being sponsored by a professional group of appraisers or an AMC circus with the usual clowns? getting Scribd to remove a document is very easy. Why dont you read all the articles he has authored on this blog, and then go browse his website (http://www.mfford.com). Guess what..this IS an appraisal as its a value rendered and signed by a certified appraiserGuess what.this a proprietary report obtained by a client that has a loan number and borrower nameSo, you think posting this NPI to a public site BY AN APPRAISER doesnt harm the consumer?..again, not defending the product, just pointing out the obvious hypocrisy of this authors self-fulfilling prophecy. "We wanted to provide an efficient and cost-effective method for data collection . Company Type For Profit. Media Contact: Matt, how long have you been appraising and which state do you work in? Each month, we bring you compelling stories and revolutionary ideas from the people, companies, and institutions at the intersection of real estate, finance, and technology. The lender is also noted, it would seem that an appeal to them might result in the swiftest corrective action. Hell, Im ready to complete evals myself now that I see the bigger picture. You provide a truly invaluable service to this industry however its questionable if this industry will hold up. 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. I completely agree these products are horrid- Im sure the industry will see that rather swiftly. Cherre Announces Partnership with Clear Capital, Expanding Access to Market and Property Information AppraisalWorks, Clear Capital Announce Partnership. Your email address will not be published. Download invoices, uploaded origination appraisal, completed CDA report. Please enter your email to receive our current datasheet. New Products Support Faster Appraisals, Help Provide Reliable Property Data and GSE-Compliant Floor PlansRENO, NV / ACCESSWIRE / March 30, 2022 / Clear Capital, a national real estate valuation . Delivering quality valuation management and data solutions, First, we listen to your needs. At Clear Capital, were here to support you. I encourage all readers to also look up the rokers name and check out his website. You said you were given the report from a consumer, that means youre accountable under consumer safeguard laws. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to email a link to a friend (Opens in new window), Click to share on SMS (Opens in new window). Please understand that guest trolling is not tolerated. 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. I doubt this will harm anyone but the reputation of the sell out appraiser that did it for $25, the predatory lender that is the intended user, and this opportunist appraisal management company ( just about the worst one out there ) that was engaged. It has what is alleged to be an electronic signature and we dont know if Michelle SHoven authorized use of her signature on these or not. It's also ideal for valuing commercial properties to be used as collateral on business loans less than $1 million and for extending credit and loan modifications. You are correct. They even sit on the probable cause panels like the gestapo. There is no change to existing fees/policy for: Streamline refinance transactions where the funding fee remains at 0.50%. Over 12 months, Company A brings in an initial profit of $12,000,000. UDC will provide fast and accurate collection of data, pursuant to Freddie Mac and Fannie Mae data standards, when lenders receive loan eligibility for agency loan programs that allow for an inspection-based appraisal waiver, according to the statement. The company alsoannounced ClearInsight, an easy-to-use mobile app that enables real estate professionals, homeowners, and appraisers to quickly generate a complete digital picture of a home. *available in all states except West Virginia. Cant do that against name redacted.. $25 for two opinions of value? I downloaded the Georgia Board complaint form. https://www.asc.gov/national-registry/findanappraiser.aspx. The massive profiteer army of unlicensed inadequately or non experienced individuals in order assignment both direct and amc, have rendered the vast majority of mortgage origination appraisers as the lowest common denominator, judged purely by fee and turn time, promoting wreckless behavior and demoting honest self sufficient laborers. All your phony arguments about alleged third and fourth party obligations to maintain a privacy level not preserved by the original appraiser OR AMC themselves are merely feeble efforts to distract from the real issue. Thisis becausemost AMCs employ individuals who dont know the meaning of the word confidential andthey will deliver the report to anyone who simply calls and asks for a copy. I dont look to tilt at windmills and win every battle.Its more like dropping a pebble or pebbles in a pond and seeing where the ripples go and for how long. Each state has its own jurisdictional limitations. Rocket has a plan to drastically cut costs. Great idea. Youd never see the inside of a jail cell but could roll the dice that if you could hold up for just a few years, youd likely be a millionaire. They required a notarized complaint, which is simply logistically more cumbersome so that complaint was made several weeks after Indianas. Make no mistake, MOST AMCs are NOT paid by the lender/clients. Save my name, email, and website in this browser for the next time I comment. There have been complaints sent to AB all from the same ISP claiming different false email addresses saying appraiser has been receiving threats. I think she should be turned into each of the 5 states shes licensed in. How much did the field inspector get paid? I found this whitepaper from The Appraisal Foundation, it offers some insights as well. Thank you Hooligan for the heads up, Mike. Georgia is logistically more difficult that will be tomorrow. Well if amcs had not already made it clear as day they will take punitive action against appraisers for standing up for themselves These companies are powerhouses of pressure and deception, true boiler rooms with virtually no individual accountability. Traditional hybrid appraisals always feature two components: property data information completed by one individual, a final value conclusion completed by another. 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. UDC supports Fannie Maes newly announced Value Acceptance + Property Data program, as well as Freddie Macs ACE+ PDR solution. Thats 10k a year on average, or roughly 835 a month, or about 27 a day. The "appraisal fee" was $250 but the AMC (Clear Capital) got $225, and this appraiser got $25 for each evaluation. The appraiser is likely an employee or staff appraiser for the AMC,licensed in multiple states,and she probably never even saw the report. My inquires found that the property had never been Patented, but was the product of several arms Length? One of my favorite books. Filing complaints may bring remedial action. Our goal is to provide customers with a complete understanding of every U.S. property through our field valuation services and analytics tools, and improve their workflows with our platform technologies. This is so wrong on so many levels and totally worth an investigation! Our network of more than 40,000 boots-on-the-ground independent experts deliver deep insights so you can proceed confidently in all your real estate decisions. The product is a hybrid of traditional appraisal process and methods and leverages a qualified, arms-length, real estate professional, such as a real estate broker or agent, performing a visual inspection of the subject property and providing other market insight and analytics. Your email address will not be published. UDC is supported by ClearInsight Platform, Clear Capitals mobile property data collection application, which allows real estate professionals to generate digital pictures of homes in a short span of time. So far I have not found many details. As for whether or not you want to post here, I could care less one way or another. Products to help understand property values for any use case. It is the product and its pimps that failed to ensure delivery of a uspap compliant appraisal while claiming to do so. (375k instances of confirmed disproportionate fee skimming not in compliance with C&R rules.) We welcome critical posts & opposing points of view. Learn More About Integrating With Clear Capital! Download Digital GLA/ANSI Alignment Datasheet, Download ClearCollateral Review Datasheet, Delivering advanced real estate valuation and Buyer loses a lot of money.AMC gets a done of money for emailing an order.Appraiser loses license for $25.00. John-Matt-Lisa or whoever you are (Michele?) The matter in question is a cma, not an appraisal. Scribd doesnt usually take the time to verify the validity of the claim but gives its members the possibility to dispute it. Our commitment to excellence wherever it leads, whatever it takes is embodied by more than 1,400 team members across four brands (Clear Capital, Clario, CubiCasa, and REO Network) and has remained steadfast since our first order in 2001. I guess participants dont have any right to privacy on this forum Trust me, Desiree, Ill never post here again, this is now getting a little scary. I respect the opposing view though I disagree with it in these circumstances. Not to mention, posting confidential information that we have been entrusted by the public and our clients to protect. I know 0. They only did it through the SCRIBD link-the second property appraisal is still embedded in article above. Hope they throw the book at her. Company A maintains a strict quality control process and incurs appraisal costs of $150,000 per month, whereas Company B chooses not to check for quality because they are confident in their manufacturing process. Don't subscribe Though it is AB that devotes more space to specific issues usually. When I do so it is with full understanding that I am at risk of retaliation. Good luck making living. Let me correct this. Bringing More People Into a Dying Profession! Groundfloor talks big, but now we see the dark underbelly of this beast. Billions of dollars a year is a mighty large pie to take, amcs want it all as evident by this articles disclosure. Clear Capital's ClearCollateral Review uses intelligent appraisal review automation to reduce manual efforts while improving appraisal quality control. Modernization of the appraisal process has been coming for years for several reasons, but the primary reason is to make a mortgage close much more efficiently while maintaining risk control standards. Learn More About Integrating With Clear Capital! Visit www.appraisalworks.com to transform your appraisal management function from costly overhead to a competitive advantage. We have seen seismic shifts across the housing market in the past year, and the appraisal modernization policy work being done by Fannie Mae and Freddie Mac provides a welcomed change as alternative valuation approaches offer a crucial path forward for lenders and homeowners alike, said Kenon Chen, EVP of Strategy and Growth at Clear Capital. My understanding is that in these two Georgia cases, the owner finished all his planned renovations and wanted to refinance out of the short term loans. I suspect no one else will do anything. He stated that Matt is his middle name and his last name is abbreviated. It wasnt worth ABs time to argue with them since they can store the reports using alternative storage sites. I just got off the phone with Dustin Harris. Save my name, email, and website in this browser for the next time I comment. You may openly disagree, but state your case in an atmosphere of mutual respect, in which everyone has a right to a particular view about the topic of conversation. I am very careful about how I parse any article where I am accusing anyone of actual wrong doing. Required fields are marked *. He sees a range of bottlenecks throttling efficiency in the appraisal process and believes the digital appraisal process can remove many of them. Im told ClearCapital that ordered this is out of Truckee California. All categories of appraisers from cmml-agricultural, rural res. Download Digital GLA/ANSI Alignment Datasheet, Download ClearCollateral Review Datasheet. Caliber Corporate Advisers for Clear Capital Two turn time based pricing tiers are available, Track order status, place a hold, request a cancellation or revision, Easily access past reports, and manage any order placed by your business, Download invoices, uploaded origination appraisal, completed CDA report. We are clear, ethical, and transparent with respect to our fee structure and all aspects of our operations. The power of data with Mike Simonsen at Gathering of Eagles, Eric Lapin on how consumer-controlled data can change lending. Clear Capital Appraisals Whether you're funding a conventional loan, a refi, a HELOC or making REO decisions, Clear Capital's residential and commercial appraisal management services deliver exactly what you need, when you need it. About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies ACE Marketing Technologies LLC. Now youve crossed over into Looney Tunes Land; Where in my profile does it indicate Im a financial institution? Matt couple thoughts, if the name is a nom de plum please just say so because there is no Schorle licensed in ASC directory. This should also go to the sec, FTC, and the fhfa. I googled it, but havent read anything about what they do. VP/Chairman National Appraiser Peer Review Committee. WOW, How the hell could anybody come close to see this as anything else as complete BULLSHIT !!! Embarrassing that report is being passed as an appraisal. There was no direct & immediate public interest to be served by publicizing them. Feel free to send links to the post to their attorney or their Chief Appraiser. Even if it were, WE have no client relationship with the pondscum that produced the format used. Money for nothing with no individual accountability is a powerful motivator. 2023 ClearCapital.com, Inc. All Rights Reserved Privacy Policy | CCPA. Required fields are marked *. Wouldnt that be bank fraud? Clear and uniform value reconciliation report completed by a specialized network of review appraisers that includes detailed appraiser commentary. If the report was provided to Mike confidentially then there may be an issue between Mike and the provider. I dont care what they call it, affixing an appraisers name to a cma does not make in an appraisal. 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. I guess that is how you think you are going to keep your license. Thanks for any info! Enough! Simplicity of implementation is at the heart of Universal Data Collection, and we focused on removing adoption and loan management hurdles that have been so common in the traditional appraisal process to create a product that will help facilitate the future of appraisals.. You should have been honest off the bat and just said youre using an alias or that you want to remain anonymous instead of Matt is my middle name and my last name is abbreviated. Her phone number is listed in ASC directory (twice) if any want to call her. We (appraisers) need a Nancy Reagan style Just Say No campaign directed at unscrupulous AMCs. GSE-Compliant 1004 Hybrid/70H Appraisal Real estate makes up the largest asset class in the world. Learn More About Integrating With Clear Capital! As I clearly stated, Im not defending this product, Clear Capital, or AMCs- Im voicing my issues against this obvious violation of our confidentiality requirements as appraisers to the public. 2023 ClearCapital.com, Inc. All Rights Reserved Privacy Policy | CCPA. Lots of nice data.. but does it have ANY Credibility?? The question was rhetorical, they have already gotten away with it. Clear Capital Announces ClearInsight+ to Support Freddie Mac's ACE+ PDR Solution, December 2022 Home Data Index Market Report and Forecast, Clear Capital completes acquisition of CubiCasa, Clear Capital Announces Universal Data Collection in Support of Fannie Mae Appraisal Modernization Policy Changes, Live from ICE Experience 2023. Also, need to get original borrower (property owner) to see if he wants to file complaint with CFPB; and / or go after appraisers E&O. This is remarkable to see this posted online. John You are simply wrong. But if you do, know that you cannot come here and pretend to be someone you are not, attack a valued and respected member of our industry without being scrutinized. I do appreciate your respectful post. Only you and Lisa G (probably the same person) seem to have an issue with this. They are not accountable, not as individual persons, and not as companies as a whole. home ClearProp An interactive tool that brings data on a property together to quickly perform your own cost-effective valuations. Well I did a partial information asc search for last names. The properties were in Georgia. Get more info about our property data collection program! 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. Proving these are unreliable is easy, but that doesnt offer a solution. I seriously am dumbfounded !!! First step forensic due diligence to decide whether a sample of appraisals warrants more extensive review. MY hope is that every person that reads these will ALSO file complaints. . Two turn time based pricing tiers are available I wonder what the activity level would be if a hundred appraisers had filed complaints? Through a single, integrated workflow, ClearCollateral Review checks every aspect of the appraisal, from property photos to comparables, using 500 property data points from 12 sources. Clear Capitals transparent process works to provide you visibility and certainty into an industry that has struggled with both in the past. Please enter your details below to grab your copy!
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