Arizona Tribune - Clear Capital’s Appraisal Underwriting Risk Analyzer, AURA, now Available Through ICE Mortgage Technology’s Encompass Platform

RENO, NV / ACCESS Newswire / February 13, 2025 / Clear Capital, the national real estate valuation technology company, today announced the integration of AURA^®, its appraisal underwriting risk analyzer tool, through Encompass Partner Connect, the latest API framework for mortgage technology from Intercontinental Exchange (ICE). This modern framework enables industry participants to integrate with ICE solutions and provide their services to loan originators and servicers through secure API-enabled technology. Available via the Marketplace in the ICE digital lending platform, lenders in Encompass^® by ICE Mortgage Technology^® can now access AURA directly in their loan origination system (LOS), reducing review time by 50% or more and allowing them to close loans faster.

Clear Capital's AURA is an automated review tool for collateral underwriting that aggregates all the data necessary to fully analyze the risk of an appraisal, providing lenders with a summary report in five minutes or less. Through a risk-based approach, AURA's use of proprietary tools and data enables customers to identify if appraisals fairly and accurately value properties by highlighting potential risks quickly and early in the review process.

A unique function of AURA is its capabilities in conjunction with Clear Capital's analytics and AI-driven tools that improve the review process. These include:

• ClearPhoto™, a powerful set of AI-driven rules that automate the review of property photos and sketches to confirm alignment with appraisal data. ClearPhoto minimizes the time spent identifying discrepancies by instantly checking the accuracy and quality of the property photos.

• Condition Model, which uses AI to assess property condition by leveraging appraisal photos and property data, and compares it to the appraiser's C-rating to flag discrepancies.

• ClearAVM™, Clear Capital's AI-powered automated valuation model, measures valuation accuracy by instantly confirming whether the appraised value aligns with market comparables.

The result is the AURA Report Summary PDF, a conglomeration of results from public records, local market insights, ClearCollateral^® risk scores, ClearQC^® rules, and ClearRank™ comparables. The AURA Report Summary PDF gives lenders a centralized assessment of risk based on various data and analytics in a cost- and time-efficient manner.

"Reviewing the appraisal is a critical step in underwriting, and when the underwriter needs to leave the LOS system and provide a manual review, it adds unnecessary time to the process," said Dan McAlister, Vice President of Product at Clear Capital. "Through this integration, lenders will now have the ability to set up automated ordering to receive AURA on every appraisal automatically in Encompass, saving time in the appraisal review process. Together, Clear Capital and ICE Mortgage Technology are simplifying access to world-class valuation products."

AURA is the latest Clear Capital product to integrate into the Encompass platform. Additional products available to lenders include ClearAVM™, Universal Data Collection^® (UDC^®), Collateral Desktop Analysis (CDA^®), Desktop, Hybrid, and Traditional Appraisals, Property Condition Inspections (PCI), Post-Disaster Inspection (PDI), Residential Broker-Price Opinion (BPO), and Residential Evaluation. You can learn more about each Clear Capital product available through Encompass by clicking here.

To learn more about Clear Capital, visit us on the ICE Marketplace here.

Encompass Partner Connect enables the integration of key third-party products and services with ICE Mortgage Technology solutions. ICE does not own, control, nor endorse any specific industry participant or the product/service provided. Loan originators and servicers are responsible for vetting, selecting, and contracting with the providers of their choosing.

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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 nearly 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.

Media Contact

Ross Stevens
Caliber Corporate Advisers for Clear Capital
[email protected]

SOURCE: Clear Capital

View the original press release on ACCESS Newswire

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