RENO, NV — September 1, 2015 — Clear Capital, the leading provider of residential and commercial real estate valuations, data and analytics, quality assurance services, and technology solutions, has received Morningstar Credit Ratings, LLC’s Seal of Excellence. Morningstar has awarded only one Seal of Excellence to a residential vendor producing asset valuations for their highest Operational Risk Assessment.
Clear Capital’s ‘MOR RV1’ ranking and Stable Forecast reflects Morningstar’s assessment of the Company’s operational infrastructure and client-driven performance results. The Company has developed strong vendor-selection criteria and vendor-rating standards that effectively measure vendor performance as reflected in its execution of service-level agreements with its clients. Clear Capital’s proprietary technology provides the Company with a flexible platform from which to embed comprehensive quality assurance standards and rating system for both external vendors and internal staff. Morningstar’s top ranking also considered Clear Capital’s comprehensive policies and procedures and ongoing training. The Stable forecast is based on Clear Capital’s pervasive risk-management culture incorporating audit, quality assurance, compliance and legal oversight across the enterprise.
“We are honored to receive Morningstar’s Seal of Excellence,” said Duane Andrews, Clear Capital’s CEO. “Independent, objective reviews of vendors in the asset valuation class is meaningful to those held to CFPB and OCC third-party oversight obligations. Morningstar’s thorough analysis of our ability to mitigate operational risk, comply with state and Federal regulations, and adhere to industry best practices helps assure clients that we can meet service-level agreements while reducing their risk exposure. This is huge in today’s regulatory environment.”
Morningstar’s Operational Seal of Excellence promotes Clear Capital’s achievement of their highest level ranking for a residential vendor producing asset valuations. The designation is reflective of Clear Capital meeting all criteria requirements, as well as possessing the quality data metrics associated with a MOR (Morningstar Operational Risk) “1” ranking. Clear Capital is the only vendor performing collateral asset valuations to be awarded Morningstar’s Seal of Excellence.
If you are involved in rated transactions, meet us at the ABS East Conference in Miami (September 16-18th) and the MBA Annual Convention in San Diego (October 18-21st, Booth #800). Contact us at sales@clearcapital.com or 530.550.2525 to schedule a meeting. Learn more about us at ClearCapital.com.
For more on Clear Capital’s MOR RV1 ranking, visit https://ratingagency.morningstar.com. Morningstar Credit Ratings, LLC is a Nationally Recognized Statistical Rating Organization (NRSRO) and a subsidiary of Morningstar, Inc.
