Expand Your Education with These Courses from
Becoming a Successful Sales Professional: Skills for Sales Success: Part One.
The Psychology of Consultative Selling: Skills for Sales Success: Part Four.
Territory Management: Skills for Sales Success: Part Eight.
Bundle 2: CIPS Elective Courses (Non-US Version).
Bundle 2: CIPS Elective Courses (US Version).

Clear Capital: Property Condition Inspections Focus on Lending

Have a comment on this article? Share on Facebook!

RISMEDIA, April 26, 2011—Clear Capital recently announced the release of the PCI?the next generation inspection solution that provides the physical condition and characteristics of a property, engineered to supplement Automated Valuation Models (AVMs) in accordance with new requirements set forth by Interagency Appraisal and Evaluation Guidelines (IAG).

“Regulations are made to support healthy lending and credit decisions,” says Kevin Marshall, President of Clear Capital. “No one, however, starts a business and only focuses on the regulations. While the new interagency guidelines are important, our clients’ goals are to continue making the right decisions on the right loans; not just order products to satisfy guidelines. The Clear Capital PCI allows them to do that and be compliant with the new guidelines at the same time.”

Clear Capital first started working with real estate brokers and agents in inspecting for property condition and conformity nearly 10 years ago. These reports have provided a highly reliable product with a unique emphasis on condition, and how it affects value. More than six years ago, Clear Capital first combined an AVM with a Condition Inspection. These last six years have helped Clear Capital’s analysts understand the interplay between automated valuations and the condition and conformity of neighborhoods.

For increased reliability, all PCI reports are completed by geographically competent licensed real estate brokers or agents. Each report includes:

• Easy-to-reference property photos, a subject property map, a succinct agent/broker narrative of property/neighborhood and recommended repairs as determined by inspection; and

• Value Risk flags, which highlight relative risk factors—like subject condition compared to neighborhood, neighborhood condition, and recommended repairs—that could influence a property’s value, and the reliability of an accompanying AVM.

The PCI is the ideal tool to assess the reliability of an AVM and offers an enhanced version including a full repair grid for added insight and analysis.

“There is a lot of change in the industry and in the use of the AVM,” says Marshall. “Our goal is to provide more reliable, proven products, while supporting the growth of our clients. The Clear Capital PCI, the risk flags, our unparalleled service levels, and our industry-changing reliability all work together to enable that growth.”

For more information visit www.clearcapital.com.

Have a comment on this article? Share on Facebook!

Join RISMedia on Twitter and Facebook to connect with us and share your thoughts on this and other topics.

Copyright© 2016 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com

Our Latest News >>