Clear Capital integrates appraisal reviews with ICE

The platform aims to support appraisal underwriting by automating review workflows and leveraging tools that flag potential risk. Through the integration, lenders can initiate appraisal reviews within the loan file and completed documentation is automatically uploaded to the system.

“Our ultimate goal behind ClearCollateral Review is to increase certainty in the appraisal process by providing the tools and data necessary to flag risk and make corrections to an appraisal,” Dan McAlister, vice president of product at Clear Capital, said in a statement.

“Through our integration in Encompass, we’re unlocking robust review capabilities for a large portion of the industry. Ultimately, we’re allowing lenders to scale their business to handle more loan volume with confidence.”

The platform includes several tools designed to support compliance and accuracy:

• ClearQC, which offers rule sets tailored to underwriting guidelines and regulatory standards
• Condition Model, powered by artificial intelligence, that compares property conditions using appraisal images against appraisers’ own ratings to identify inconsistencies
• ClearPhoto, which uses AI to automate the review of photos and sketches
• ClearProp, which consolidates property data, comparable sales and historical records for research and verification.
• Configurable Review Forms, which range from checklists to in-depth analyses, many of which are prefilled with objective data from appraisals

According to Clear Capital, the integration is intended to broaden access to automated appraisal review tools without requiring custom technical configurations, potentially allowing lenders to manage increased loan volume while reducing underwriting risk.