TRUCKEE, CA --(Marketwired - January 06, 2015) - Clear Capital (www.clearcapital.com), the leading provider of commercial and residential real estate valuations, data and analytics, quality assurance services, and technology solutions, has received Morningstar Credit Ratings, LLC's 'MOR RV1' Residential Vendor Ranking, the Agency's highest ranking. This is the first operational risk assessment ranking Morningstar has issued for a residential real estate valuation provider. The forecast for the ranking is Stable.
This ranking reflects Morningstar's assessment of Clear Capital's operational infrastructure and client-driven performance results as a residential vendor producing asset valuations.
"We appreciate all of the hard work Morningstar invested in reviewing our operational procedures, quality assurance processes, and adherence to regulatory compliance", says Duane Andrews, CEO of Clear Capital. "We are thrilled to receive Morningstar's first and highest ranking for a residential real estate valuation provider.
"This ranking affirms our commitment to investing in people and technology," says Andrews. "Our in-house Valuation Practitioners work hand-in-hand with our Operations, Technology, and Data and Analytics teams to build processes and tools that help us, our clients and network of real estate professionals work smarter. I'm really proud of our team. We care about the industry. Our customers experience this in our product and service levels."
If you are involved in rated transactions, visit us at ClearCapital.com or reach out to us at 530.550.2525 or sales@clearcapital.com. For more on Clear Capital's MOR RV1 ranking, visit https://ratingagency.morningstar.com. Morningstar Credit Ratings, LLC is a Nationally Recognized Statistical Rating Organization (NRSRO) and a subsidiary of Morningstar, Inc.
About Clear Capital
Clear Capital is the nationwide provider of residential and commercial real estate valuations, data and analytics, quality assurance services and technology solutions. The Company's customers include mortgage lenders, servicers, investors, GSEs, and Ratings Agencies. Clear Capital products include appraisals, broker price opinions, property condition inspections, value reconciliations, appraisal review and risk scoring, automated valuation models, and home data indices. The Company's innovative technology, experienced valuation experts, and a well-trained network of more than 40,000 field experts set a new standard for accurate, up-to-date, and well documented valuation data and assessments. Morningstar Credit Ratings issued Clear Capital its highest Residential Vendor Ranking, MOR RV1. Clear Capital's home price data can be accessed on the Bloomberg Professional service by typing CLCA <GO>.
Contact Information:
Alanna Harter
Marketing Manager
alanna.harter@clearcapital.com
530.550.2515