In 2022, Clear Capital combined its two high-performing ClearAVM and Property Condition Inspection (PCI) products to offer faster closing times for lenders with minimal profit margins on home equity loans or lines of credit. ClearAVM + PCI is a nationwide evaluation solution that delivers a clear risk summary report highlighting the factors and characteristics of a property that could influence its marketability, leading to a direct reflection of the property’s current physical condition in determining market value. ClearAVM + PCI is an alternative to an appraisal for low-risk home equity transactions less than $400K.
Clear Capital’s ClearAVM + PCI product is used nationwide and has assisted the underwriting and lending processes for more than 155 million properties across the U.S. This product boasts an 85-95% business performance rate by enabling the lender to offer a loan closing in less than a week. By doing so, the lender can provide the customer with 90% cost savings compared to traditional appraisals and 75% cost savings compared to limited-scope appraisals.
Company Website:
Markets Served:
Appraisal, Valuation
Company HQ:
Reno, Nevada
