Clear Capital Chronicle | January 2024

Happy New Year! ?? Each year in the mortgage industry brings new challenges and innovations, and we can’t wait to see what 2024 has to offer.

We anticipate that some of the major trends we saw in 2023 will continue into this new year. In a recent interview, Clear Capital’s EVP of Strategy and Growth, Kenon Chen, noted that policy changes from 2023 will take shape in 2024. These policy changes include the GSE inspection-based appraisal waiver programs — ACE+ PDR and Value Acceptance + Property Data — which will help reduce appraisal costs and turn times. We also saw new guidance on automated valuation model (AVM) use and testing in 2023, as well as the rising use of artificial intelligence.

As we look to 2024, we’ll keep our eyes on how these changes and others affect our industry. But first, read on to brush up on our most popular blog posts, ebooks, and more from 2023 — featuring content topics that will retain relevance this year.

Let’s have a great 2024!

Our most-read blog posts of 2023

Appraisal modernization and new GSE programs were prominent topics in our industry last year. Check out the top two most-read posts on our blog from 2023.

1. ?9 FAQs about Value Acceptance + Property Data. Learn the benefits, requirements for eligibility, and how lenders can get started with Value Acceptance + Property Data from Fannie Mae.?
2. ?Appraisal waivers: What lenders should know. Discover how appraisal waiver programs work, who can act as a property data collector, and how lenders can take advantage of these new programs.?

Our most-downloaded resources of 2023

Learn how to use an AVM in your home equity lending, see ClearAVM? in action in our Hitch case study, and watch our webinar to learn more about GSE inspection-based waiver programs.

1. [ebook] 8 Questions to Ask Your AVM Provider for Home Equity Lenders. Discover how to use an AVM in home equity lending and eight crucial questions to ask your AVM provider before you get started.
2. [case study] Hitch boosts? accuracy and approves 30% more loans. Read our case study to see how Hitch saved time, spent less, and improved client satisfaction by using ClearAVM?.
3. [webinar] Fannie Mae’s Value Acceptance + Property Data program. Learn the benefits, use cases, and answers to common lender questions for Fannie Mae’s inspection-based appraisal waiver program.

ClearCast's greatest hits of 2023

1. Episode 35, Chrissi Johnson — Kenon and Jeff talk with Chrissi Johnson, CEO and Founder of Alinement Advisors, about Chrissi’s journey through the industry, and how Alinement Advisors is working to make housing increasingly equitable.
2. Episode 37, David Hirschman — Kenon Chen and Jeff Allen chat with David Hirshman, the EVP and Chief Content Officer for Blueprint about his role planning content for the premier event for real estate and construction tech startups, and VCs.

December 2023 HDI? Market Report

The December 2023 Home Data Index (HDI?) Market Report shows national quarter-over-quarter (QoQ) home price growth is at 1.2 percent. Tampa, Florida was the highest performing metro with 3.4% QoQ growth. Read the full report.

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