Clear Capital and ICE Mortgage Technology Expand Partnership to Support Adoption of Modern Appraisal Programs
Encompass integration will expand Clear Capital product offerings through ICE’s Encompass Partner Connect API
Reno, NV – July 13, 2023 – Clear Capital today announced that its integration is now built on the latest Encompass Partner Connect™ API Platform and available through ICE Mortgage Technology®, a part of Intercontinental Exchange (NYSE: ICE) and a leading provider of data, technology and market infrastructure. Through this integration, Clear Capital will deliver an improved user experience for mortgage lenders and loan officers ordering products that support appraisal modernization, such as Universal Data Collection™ (UDC™), Desktop appraisals and Hybrid appraisals.
Clear Capital solutions combined with ICE’s API technology ensures fast and accurate collection and submission that is designed to meet Freddie Mac and Fannie Mae data standards for property data reports and property data collections respectively. By pulling key loan information directly from the Encompass® loan file, lenders can quickly and easily place valuation orders. Clear Capital’s automated status updates keep the lender informed in real-time.
“Making adoption of appraisal modernization programs easier for lenders nationwide is at the core of our work with ICE,” said Kenon Chen, EVP of Strategy and Growth at Clear Capital, a national real estate valuation technology company. “With new modern appraisal efforts from both Fannie Mae and Freddie Mac, it’s imperative that we make our products as easily accessible as possible to help drive the industry forward, and we’re doing just that with this enhanced integration.”
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 borrower’s needs, without the need for an additional product. UDC offers immediate national scalability and coverage and is available at a fraction of the cost of a traditional appraisal and completed in half the time.
For more information on Universal Data Collection, visit Clear Capital on the Marketplace by ICE Mortgage Technology®. To learn more about Encompass, visit https://www.icemortgagetechnology.com/products/encompass.
About Clear Capital
Clear Capital is a national real estate valuation technology company with a simple purpose: to build confidence in real estate decisions to strengthen communities and improve lives. 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. Our commitment to excellence – wherever it leads, whatever it takes® – is embodied by our team members across our brands (Clear Capital, CubiCasa, and REO Network) and has remained steadfast in this pursuit since our first order in 2001.
About ICE Mortgage Technology
ICE Mortgage Technology combines technology, data and expertise to automate the entire mortgage process from consumer engagement through loan registration and every step and task in between. ICE Mortgage Technology is the leading cloud-based loan origination platform provider for the mortgage industry with solutions that enable lenders to originate more loans, lower origination costs, and reduce the time to close, all while ensuring the highest levels of compliance, quality, and efficiency. Visit icemortgagetechnology.com or call (877) 355-4362 to learn more.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 — Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2022, as filed with the SEC on February 2, 2023.
Clear Capital Media Contact:
Ross Stevens
Caliber Corporate Advisers for Clear Capital
ross@calibercorporate.com
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