Contact Information: CONTACT: Michelle Sabolich Atomic PR for Clear Capital (415) 593-1400
Clear Capital(TM) Supports New Standards of Good Practice in Appraisal Management
Premier Provider of Appraisal Management Services Welcomes TAVMA's New Standards as Opportunity for Industry to Provide Higher-Quality, Reliable Valuations
| Source: Clear Capital
TRUCKEE, CA--(Marketwire - January 25, 2010) - Clear Capital™
(http://www.clearcapital.com), a data and solutions leader for real estate
asset valuation, investment and risk assessment, today announced its
endorsement of the new Standards of Good Practice in Appraisal Management. These
standards, developed by the Title/Appraisal Vendor Management Association
(TAVMA), outline the important tasks an appraisal management company (AMC)
performs; and recommends to AMCs standards of good practice to ensure
delivery of quality, objective appraisals to financial institutions.
For almost a decade, Clear Capital has set high standards for product
quality, transparent methodologies, and reliability of service; and is
committed to upholding TAVMA's standards of good practice. "It's great to
see TAVMA continue its leadership in the industry's efforts to deliver
consistent, high quality valuations," said Mike Ousley, Clear Capital
Executive Vice President, Appraisal Services. "We have spent many hours
working to develop these standards with other TAVMA members and look
forward to continuing to improve and extend the value we bring to our
customers. These standards of good practice are yet another reflection of
how the industry continues to respond to the changing regulatory landscape
and our commitment to deliver the highest quality appraisal products."
The Standards of Good Practice in Appraisal Management covers many
operational practices of AMCs, including management of qualified vendor
(independent, third-party appraisers) networks, quality control, workflow,
regulatory compliance and customer service; all while remaining consistent
with federal inter-agency guidance and relevant federal and state statutes
and regulations.
The Standards of Good Practice in Appraisal Management can be viewed at the
TAVMA website: http://www.tavma.org/images/tavma%20standards%20of%20good%20practice.pdf
About ClearCapital.com, Inc. ("Clear Capital")
Clear Capital (www.clearcapital.com) is a premium provider of data and
solutions for real estate asset valuation and risk assessment for large
financial services companies. Our products include appraisals, broker price
opinions, property condition inspections, value reconciliations, and home
data indices. Clear Capital's combination of progressive technology, high
caliber in-house staff and a well-trained network of more than 40,000 field
experts sets a new standard for accurate, up-to-date and well documented
valuation data and assessments. The Company's customers include 75 percent
of the largest U.S. banks, investment firms and other financial
organizations.
About the Title/Appraisal Vendor Management Association (TAVMA)
TAVMA (www.TAVMA.org) is the trade association of the real estate
settlement services industry. Headquartered in the Pittsburgh area of
Southwest Pennsylvania, TAVMA represents more than 80 companies engaged in
the real estate settlement services industry, including 46 appraisal
management companies. Together, TAVMA's AMC members have 80% to 85% market
share in the appraisal management sector. TAVMA promotes the appraisal
management and settlement services industry, presents its members'
positions to government and media, and protects its members' rights to do
business without unfair and anticompetitive legislation and regulations.