Clear Capital has added an interactive review workflow to its automated appraisal risk platform as lenders prepare for the mandatory transition to the Uniform Appraisal Dataset 3.6.
AURA Risk Navigator takes findings generated by Clear Capital’s existing AURA system and organizes them for further review. Users can investigate flagged issues, document their decisions, and record the final outcome, the company announced.
The system also generates a proof-of-review report containing the automated findings, reviewer actions, comments, and final decision.
The launch comes less than two months before UAD 3.6 becomes mandatory. Beginning Nov. 2, appraisal reports submitted to the Uniform Collateral Data Portal must use the redesigned format, according to Fannie Mae and Freddie Mac.
UAD 3.6 replaces multiple legacy appraisal forms with a single, dynamic Uniform Residential Appraisal Report. It also introduces more detailed, structured property data for lenders, appraisal management companies, appraisers, and technology systems to process.
Freddie Mac has urged lenders that have not started implementation to begin immediately, warning that staff training, testing, and the full transition could take longer than anticipated.
The GSEs updated their frequently asked questions in August to address construction loans, appraisal transfers during the transition, and pipeline management around the mandate. Earlier guidance also outlined warning and fatal messages that UCDP will return based on submission dates.
Clear Capital said manual appraisal review can take more than 30 minutes and cost lenders an estimated $50 in labor per file. Its existing AURA platform analyzes appraisal risk and issues a pass-or-review decision, allowing lenders to direct human reviewers toward files containing flagged findings.
For those files, Risk Navigator provides a workflow for investigating the findings and documenting how they were resolved. Clear Capital said the process can reduce review time by 50% or more.
“Automation helps reviewers spend less time looking for risk and more time making the decisions that require their expertise,” said Leah Campbell, director of product at Clear Capital.
Restb.ai Technology Added To Review Process
Risk Navigator incorporates computer-vision technology from Restb.ai, which Clear Capital acquired in May.
The technology analyzes photographs of the subject property and comparable properties and compares them with condition and quality information reported in the appraisal. Potential discrepancies are flagged for a reviewer rather than resolved automatically.
NMP previously covered Restb.ai’s use of computer vision to compare property images with appraisal data through a partnership with HomeVision.
AURA and Risk Navigator support appraisals prepared under both UAD 2.6 and UAD 3.6, allowing lenders to use the same review process while both formats remain in their pipelines.
For loan originators, the technology will generally operate behind the scenes. Its relevance will depend on whether automated review helps lenders prevent appraisal questions and revision requests from delaying underwriting, closings, or rate locks during the UAD 3.6 transition.
Risk Navigator can be accessed through Clear Capital, connected to loan origination and appraisal order-management systems, or integrated through an application programming interface.
