LenderClose has announced an integration with Clear Capital’s ClearAVM, a lending-grade automated valuation model (AVM), that further streamlines lender access to all the digital tools it takes to underwrite, approve and service real estate loans.
Clear Capital’s ClearAVM uses public records, proprietary Clear Capital data and nationwide multiple listing service (MLS) analytics to generate its estimates. The database that fuels ClearAVM's modeling engine is updated hourly, which means ClearAVM users receive valuations that take advantage of the freshest information available. Integrating ClearAVM access into the LenderClose platform expands the number of tasks loan officers can complete inside a single sign-on interface.
LenderClose and Clear Capital plan to expand integration of Clear Capital solutions into the platform, beginning with commercial evaluations later this year.