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, said Dan McAlister, Clear Capitals director of product management, in the release. sales with carry back financing. Historically investor-bankers were protected by recourse lending. That is ClearVal Appraisals as demonstrated by these two reports are worthless, do not comply with USPAP and appear to misrepresent values to the point where the original borrower may well have legal recourse to all parties involved. I fully understand the obstacles of our profession, and yes, Im an appraiser and also doggedly seeking ways to stay relevant in the evolving valuation world. Rather than making a phone call, just file a state complaint. Look up the broker who ostensibly prepared them. Appraiser compensation is $25!! She has one hell of a territory ! In one of the earlier lender crises, S&L and bankers were absorbing the losses by taking over the failed portfolios, many vacant properties were found which should have been occupied! In such cases, both parties agree to determine the appropriate fee in good faith based on the facts and circumstances. Did a lot of foreclosure appraisals over the past 57 years, never had a lender nor the VA provide the original loan appraisal. Do not reproduce without permission of authors. It too labelled itself as being USPAP compliant. Lack of individual licensing in amcs has lead to a culture of dominance and disrespect to the fields these companies initially claimed to serve. Half of Q4 2022 transactions had wire and title fraud risks. Likely related, via search for agent. Appraisal A conventional appraisal completed by an appraiser from Clear Capital's national appraisal management company. The properties were in Georgia. I have zero obligation to protect anyone related or associated with the appraisals in question. Repeat after me;appraiser shortage, appraiser shortage. I see your point, and Im trying to piece this together through this thread, so forgive me. The incident involved Social Security Numbers. * Suited for commercial small balance originators, loan servicers and capital markets participants, Commercial Evaluations delivered by Clear Capital provide total flexibility in scope of work, offering multiple form options to fit your needs. I went to see a notary friend but forgot to take the Georgia complaint with me. No AMCs allowed at AppraiserFest Nov 1-3 or on the FB page 100% Real Estate Appraisers which founded the event. Were clearly outnumbered by high pressure unlicensed unregulated advocates. Moving the Housing Market Forward. A buyer sustained real loss as a result of these. The AMC should pay the full fee upon acceptance of the order. 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. If I come across any report like this one in my state, I will forward it to DLLR and file a formal complaint. Phone Number 5305505979. The name of the broker who completed the inspection/BPO is in the report too. Download Digital GLA/ANSI Alignment Datasheet, Download ClearCollateral Review Datasheet, In-depth CubiCasa 2D detailed floor plan (including interior walls), CubiCasa generated gross living area (GLA) calculations aligned to ANSI standards, In-app data checks and final review reduces revision requests, Built-in fraud mitigation includes geolocation and timestamp in photo metadata, Licensed/certified appraisers and Clear Capital PDC certified real estate agents/brokers with local MLS credentials and public record access, Five initial training modules with continuous support, Multiple test properties reviewed by QA before certification, QA specializing in hybrid appraisals since 2008, Dedicated, customer-aligned support available 7 days a week in our CA and NV Centers, Near real-time issue resolution and escalation Zero calls go to voicemail during business hours, Clear Capitals data collectors are licensed appraisers and brokers who have local MLS credentials, have been trained by us, and have passed our quality assurance standards. These destructive companies put 100k appraisers out of work in 10 years. To actively listen and make sure everything is just so. We support your efforts by delivering: A Clear Capital team member will contact you soon. A copy of this should be sent to the Georgia State appraisal Board in a formal complaint. The reason Im asking is because your name does not appear in the asc registry. Matt do you do any of those appraisals under a valid state appraisers license for real estate? We have been planning for an industry-wide shift in appraisal backed by policy changes, and we have the data, analytics and technology in place to support this shift and enable widespread adoption of modern appraisal tools industry-wide.. Its real easy to avoid being the focus of these kinds of articles. Why dont you read all the articles he has authored on this blog, and then go browse his website (http://www.mfford.com). I am very careful about how I parse any article where I am accusing anyone of actual wrong doing. All rights reserved. Description: ClearCast is the real estate fintech podcast by Clear Capital, co-hosted by Jeff Allen, EVP of innovation labs, and Kenon Chen, EVP of corporate strategy. As for harm to the consumer it was the consumer that supplied the reports. Multiple test properties reviewed by QA before certification, Clear Capitals Seasoned QA, Customer Success and Support Teams, QA specializing in hybrid appraisals since 2008 I just got off the phone with Dustin Harris. Turns out the argument theyre destroying the host were incorrect. 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. And how come youve never commented against hybrids, notorious amcs such as clear capital and all issues affecting our industry? It wasnt worth ABs time to argue with them since they can store the reports using alternative storage sites. In 10 short years the amcs grew to monolithic giants whom dominated the landscape over all others, avoiding disclosure, individual accountability, and licensing on every turn. The latest was that they were still working out some details. Even non FRT appraisals that claim to be USPAP compliant are within the jurisdiction of the state where the values are opined. The same investors that may not get paid off because the property wouldnt appraise for the desktop value? Thanks! GUESS WHAT.. ? Research and investigate. Well I did a partial information asc search for last names. Hard to believe this is the promo piece/ad for the product we saw posted here. But FNMA says they will be "professionally trained", and vetted at "Reconciliation" of horse shyt is nothing new. All too many are not respecting management rules to not provide a thing of value to be the preferred selectee, its been a problem for a long time, enticement by discount to rake unfair portions of work ahead of more worthy candidates. Track order status, place a hold, request a cancellation or revision, View Complete Order History Please enter your details below to grab your copy! And their sole purpose is to disrupt normal conversation and pit appraisers against each other. 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. Our modern appraisal program is the result of years of building strong partnerships with lenders and investors, countless hours of research and tech development, and a dedication to pioneering the future of real estate valuation. Its fine on AB if you choose to be anonymous just not fine to be deceptive. Matt, it wasnt much an effort. Let's talk about Clear Capital's bifurcated, Hybrid Appraisal process. This field is for validation purposes and should be left unchanged. I know there was interest because I received two separate calls from an Assistant State Attorney General. This is a rubber stamped cma provided by a realty agent. Last modified May 11, 2019. We are at war ! 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. I found this whitepaper from The Appraisal Foundation, it offers some insights as well. Replies to my comments I make business decisions not to complete various assignments everyday, I would never deliberately hurt those that need to take them for various life reasons. Wow ! About what I can do; what an appraiser can do and what NPI is and how it may or may not be used and who can authorize its release. I was told Yes by an E&O underwriter when I asked if these Hybrids are being insured. Some how our legal system has favored some one over another, as do politicians. With varying standards across the property data collection space, UDC provides flexibility, as eligible loans can be quickly and easily transferred to the agency with the loan program that meets the borrowers needs, without the need for an additional product. Credible results & honest disclosures or not? Youre a perfect example of why this profession is dying and why those who need valuation services lament using appraisers. Give me a break. The appraisals were performed on a desktop basis by an appraiser in Indiana. Copyright law suggests an owner can do with it what they wish. Please enter your email to receive our current datasheet. The company offers real estate valuation, analytics, and platform technology solutions. Let the states decide if there are regulatory issues. Given other short comings of these reports, this could amount to fraud charges that could involve both multi office statewide Georgia R.E. GSE post-board review to determine the reliability of the valuation and to understand if a repurchase is justified. 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. Obviously this AMC or the lender/client released this report to unauthorized partiesbeforeit ended up here. John you have chosen to deliberately distort and misrepresent both issues as well as your own background. Appraiser to employ hypothetical condition that a property exists which meets our sfr lending guidelines. The reports are virtually identical except for the subject address. As for whether or not you want to post here, I could care less one way or another. Theyre on the internet. LOLI can be found in TEXAS! Mike, thank you very much for this concise and respectful response- I sincerely appreciate this. The data is reviewed for quality assurance and then supplied to an Appraisal Management Company (AMC) or direct-engagement appraiser panel of the lenders choosing. Click below to receive the latest real estate news and events directly to your inbox. 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. With Clear Capitals Desktop Appraisal product, a certified data collector completes a Desktop Data Collection report to provide property information and photos that fill the gaps in public sources, enabling the appraiser to complete a desktop appraisal. BBB File Opened: 6/22/2005. Hybrid Appraisal Solution | Clear Capital | Property Valuations Hybrid Appraisal Program GSE-Compliant 1004 Hybrid/70H Appraisal Delivering a reliable opinion of value for home purchase and refinance loans nationwide. There are some events which are just undeniable. If you would like to understand more please contact me as this is much different than anything done before. Its your choice. If you are an appraiser under another name that chooses to keep it private, no problem and no criticism (from me anyway). Best of luck! Put her out of her misery. John-Matt-Lisa or whoever you are (Michele?) Our experienced panel provides coverage across 90% of the U.S., meaning lenders can broadly adopt Desktop Data Collection and quickly scale nationwide, he said. Learn More About Integrating With Clear Capital! The main vehicle for achieving this goal is a Practical Applications of Real Estate Appraisal (PAREA) program . Id even argue the AMC and their client was as well (with respect to themselves). All one has to do is fill out a short online form. Aside from that, I have no intention of standing idly by while MY profession is undermined by liars at ClearCapital claiming this garbage is USPAP compliant (Yes, I INVITE their attorneys contact or other interest-truth is an absolute defence!). I think all you really have to do is send him an email and maybe a few questions. May 31st . 1,022 Employees . Only a whore would do work like this, but isnt that what the pimp AMCs want, so they can capitalize on our education, license, continuing education, E&O, MLS data, forms, etc, phone, car expense (so they took out the car expense so you are at your desk) and only lazy people who dont know what they are doing would do this kind of work. There is a line that says appraiser and the name is typed in Michelle Shoven. Therefore, its an appraisers duty to determine what information can be considered NPI and required by law to redact it. Government investigations last for ever, Fraud continues from all sources. The proposed change would raise that number to $400,000, well above Houston's median home. Scribd doesnt usually take the time to verify the validity of the claim but gives its members the possibility to dispute it. Visitwww.clearcapital.com/solutions/desktop/to learn more. Over 28 years appraising all property types and interests, in Southern California real estate. Sign it in a few clicks Draw your signature, type it, upload its image, or use your mobile device as a signature pad. A conventional appraisal completed by an appraiser from Clear Capitals national appraisal management company. If the profession is dying its because of people like you and this appraiser who are not fighting for it. 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. The law specifies loan #s, client information, and interior details as NPI. As part of its commitment to increasing transparency and digitization in appraisals, and working to reduce bias in the process, Clear Capital continues to develop innovative solutions to solve the industrys biggest challenges. Ive filed complaint with state of Indiana already; Georgia tomorrow. http://palmerhouseproperties.com/?aios_agent=earl-farmer-jr#, Actually there is no signature on this report or its fraternal twin. Trust? Please enter your details below to grab your copy! If the poster gets you upset, it is the Internet, you can walk away from it. USPAP-compliant desktop review and analysis of the original, traditional appraisal with a quick turn time. Over 12 months, Company A brings in an initial profit of $12,000,000. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Given how high inflation is right now, why arent mortgage rates even higher? The results demonstrate a positive correlation at different stages of the performance appraisal. For 15 years our rules have harmed Appraisers and consumers AND assisted lenders and their agents. The BizBuySell Team. Or, do we have a trusted delegated third party inspector who in turn is also reassigning the BPO inspections? Are opposing opinions not allowed here? People have already been harmed by these two reports. It was so bad even ASC and FFIEC had problems with it. Exactly How Are Property Data Collectors Professionally Trained? 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. Right now it is my contention that no qualified appraiser can competently perform these type appraisals to USPAP standards for out of state property for $25.00. Please keep remarks about the topic at hand, & PLEASE avoid personal attacks. Hell, Im ready to complete evals myself now that I see the bigger picture. Now, the average is more like $675-$850. How about you? Technology Platform, All property data, information & photos flows efficiently through the process from start to finish, ClearInspect App for onsite property data collection, Data & analytics support the appraisal process, Comprehensive order fulfillment integration, Consistent Property Data Collection (PDC) quality and completeness in real time with ClearInsight, Appraisers recruited and trained to focus on hybrid appraisal solutions, Strategically located Field Staff Appraisers via Clario Network The other three states would only be if one of he other states finds shortcomings. In addition to the flexibility provided, UDC is available at a fraction of the cost of a traditional appraisal, and completed in half the time. Considering the total fee is likely half of the traditional base fee for valuation service products, double that amount to consider loss of income in the appraisal industry due to these aggressive predatory practices. You came out all guns blazing and you sounded just like the amc trolls weve been dealing with on a regular basis. This field is for validation purposes and should be left unchanged. Great idea. Looked at the ASC website, it appears that all Michelle Shavons licenses are still in good shape across the board, no disciplinary actions taken. Im sorry but I cant trust a misleading individual. Its hypocritical to claim full appraisals are needed to protect clients/consumers by causing harm to that very cohort. These reports are very different. 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 average salary for Appraiser Relationship Specialist, Vendor Experience at companies like CLEAR CAPITAL in the United States is $102,647 as of January 26, 2023, but the salary range typically falls between $86,092 and $119,201. Thanks Baggins! There may be jurisdictional issues. Isnt the biggest crime the lender accepting the appraisal from the loan agent? Mark, Thank you for your response. Billions of dollars a year is a mighty large pie to take, amcs want it all as evident by this articles disclosure. Per ASC, this individual appears to be licensed in 5 states, several very recently. GSE-Compliant 1004 Hybrid/70H Appraisal (And thats putting it nicely). Redacted or otherwise. Our hybrid appraisal program is the result of years of building strong partnerships with lenders and investors, countless hours of research and tech development, and a dedication to pioneering the future of real estate valuation. This is what we do as appraisers. How do you transition from QC defense to offense in 2023? Great work Mike! Your email address will not be published. When a lender receives loan eligibility for agency loan programs that allow for an inspection-based appraisal waiver, UDC ensures fast and accurate collection and submission that meets both Freddie Mac and Fannie Mae data standards. FNMA sure as hell wont do it. By that I mean specific complaints need to be filed. If the report was provided to Mike confidentially then there may be an issue between Mike and the provider. This was given to appraisers by the owner and its posting here is not for any commercial purpose. The company has a panel of more than 4,200 brokers and agents, allowing lenders to provide 97% coverage nationwide. 01. I downloaded the Georgia Board complaint form. NONE of us do such perfect work and we cant all be found with an i that isnt dotted or aT left uncrossed. 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. ANY appraiser that has legally come into possession of an appraisal report CAN make it public. Deceit and lack of credibility are not compliance. You can find forms for investigations against both the appraiser and broker in question at https://grec.state.ga.us/forms-applications/investigations/. Mike has already responded to you several times regarding confidentiality. https://www.asc.gov/national-registry/findanappraiser.aspx. It is also apparent consumer fraud since they induced the guy to invest on the premise that hed be able to refinance and profit once the hypothesized as repaired items were taken care of. 2023 ClearCapital.com, Inc. All Rights Reserved Privacy Policy | CCPA. $25 for two opinions of value? Sign up with FaceBook group 100% Appraisers. BEFORE these reports were ever published considerable discussion was held behind the scenes involving at least four appraisers I am aware of; at least two of which that had direct knowledge of ALL the circumstances (even more negative than those I posted). Trolling here is very real and often nefarious. Your email address will not be published. Lets use USPAP to bolster our argument against this appraisal, but accept a black and white breach of the genesis of those governing standards in doing so? Get more info about our property data collection program! Technology Platform, All property data, information, and photos flows efficiently through the process from start to finish, ClearInsight guides data collection and generates automated floor plans, Data and analytics support the appraisal process, Comprehensive order fulfillment integration with standardized APIs, We will be your single point of contact to manage everyone involved and to ensure quality, Certified Property Data Collection Specialists, Seamless & Integrated Tyler. I did find that is was to be held in San Antonio in November. Georgia required a notarized signature (worth the effort in my opinion). You dont even sound like an appraiser. Your email address will not be published. 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.