FAQs

Got Questions? We’ve Got Answers – And Maybe a Few Surprises!

What is ClearCloser?

ClearCloser is a mortgage technology company that leverages AI-powered solutions to transform the mortgage lifecycle. Our platform streamlines loan origination, secondary market aggregation, and securitization, enhancing efficiency, reducing risk, and ensuring compliance for financial institutions.

How does ClearCloser’s AI-Powered No-Touch Underwriting work?

ClearCloser’s AI-powered no-touch underwriting automates the underwriting process by using advanced AI algorithms to assess loan applications. It reduces the need for manual review and third-party verification, ensuring faster, more accurate, and compliant underwriting decisions.

What is Data Arbitrage and how does ClearCloser utilize it?

Data Arbitrage in ClearCloser involves sourcing data from over 36 different APIs to validate and verify mortgage-related information. This ensures that the data used in the underwriting and valuation processes is accurate, up-to-date, and compliant with industry standards.

What are Live Digital Assets, and why are they important?

Live Digital Assets are dynamic versions of traditional mortgage documents, such as PDFs and Excel spreadsheets. ClearCloser converts these static documents into digital assets that provide real-time data and valuation updates, making them essential for accurate and timely decision-making in the mortgage lifecycle.

How does ClearCloser’s Trade Desk feature work?

ClearCloser’s Trade Desk allows users to upload loan tapes in bulk and perform AI-powered analysis to bid on purchasing these loan tapes. It also provides real-time portfolio reviews, helping financial institutions determine which assets should be sold and at what price.

Who are ClearCloser’s typical clients?

ClearCloser serves a range of clients across different sectors of the mortgage industry, including:

  • Retail Origination: Private lenders, realtors, brokers, correspondent lenders.
  • Wholesale/Secondary Market: Aggregators, whole note buyers, REITs, hedge funds, portfolio managers, diligence firms.
  • Securitization: Institutions, bond issuers, REPO.
  • Compliance: Diligence firms, rating agencies.

How does ClearCloser ensure regulatory compliance?

ClearCloser integrates regulatory compliance into the core of its technology. Our solutions are designed to meet and exceed industry standards, with automated compliance checks and real-time data validation to ensure all processes adhere to the latest regulations.

What are the benefits of using ClearCloser over traditional mortgage technology?

ClearCloser offers several advantages over traditional mortgage technology:

  • Efficiency: Automated processes reduce time and operational costs.
  • Accuracy: AI-driven data validation ensures accurate decision-making.
  • Compliance: Built-in compliance features help meet regulatory standards.
  • Real-Time Data: Live digital assets provide up-to-date valuations and insights.
  • Scalability: The platform can be easily scaled to meet the needs of various financial institutions.

Is ClearCloser compatible with my existing systems?

Yes, ClearCloser is designed to integrate seamlessly with your existing loan origination and management systems. Our platform is flexible and can be customized to fit the specific needs and workflows of your institution.

How can I request a demo of ClearCloser?

To request a demo of ClearCloser, simply visit our Request a Demo page and fill out the form. A member of our team will contact you to schedule a personalized demonstration of our platform’s capabilities.

What kind of support does ClearCloser offer?

ClearCloser offers comprehensive support, including onboarding assistance, training sessions, and ongoing technical support. Our dedicated support team is available to help with any issues or questions you may have.

How do I get started with ClearCloser?

Getting started with ClearCloser is easy. You can contact us directly via our Contact Us page, request a demo, or speak with one of our experts to discuss your specific needs. We’ll guide you through the onboarding process and help you integrate our solutions into your operations.

Is my data secure with ClearCloser?

Yes, data security is a top priority for ClearCloser. We implement state-of-the-art encryption and security protocols to protect your sensitive financial information and ensure compliance with industry regulations.

Can ClearCloser handle large volumes of mortgage data?

Absolutely. ClearCloser is built to handle large volumes of data efficiently. Our platform is scalable, making it ideal for institutions dealing with high transaction volumes and extensive mortgage portfolios.

Still have questions?

Team ClearCloser is ready to answer them.

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