TRUCKEE, CA--(Marketwire - December 22, 2009) - Clear Capital (www.clearcapital.com), a premium provider of data and solutions for real estate asset valuation, investment and risk assessment, today announced the appointment of Mike Ousley as the company's Executive Vice President, Appraisal Group, reporting to Duane Andrews, Clear Capital CEO, and Kevin Marshall, Clear Capital President.

Working from company headquarters in Truckee, Calif., Ousley will oversee the direction and continued growth of Clear Capital's Appraisal team responsible for providing reliable Appraisal-based and Value Reconciliation products nationwide to mortgage and lending industry customers. The Appraisal Group includes an internal team of 28 staff appraisers, quality assurance and customer service professionals; and an independent network of 10,000 licensed contract appraisers.

"Mike's reputation throughout the industry fits who he really is: honest, innovative, hard working and most impressively, he puts the interests of others first," said Andrews. "We're excited Mike has joined Clear Capital. He has built a successful career by finding ways to integrate technology to achieve efficiencies that benefit everyone in the loan transaction process."

Ousley's professional background spans more than 30 years of real estate collateral assessment and mortgage banking. Prior to joining Clear Capital, he founded Foster Ousley Conley in 1989 and Appraisal Enhancement Services (AES) in 1994. In 2003, AES was acquired by a Fortune 500 company. He left Foster Ousley Conley after helping grow the company from two to more than 400 employees. Prior to Foster Ousley Conley, he served as Vice President at California Federal Savings Bank.

Ousley is involved in several professional organizations including the Title/Appraisal Vendor Management Association (TAVMA) and the Mortgage Bankers Association's Quality Assurance Subcommittee. He has also served as the Chairman of the Chief Appraiser's Council and the President of the California Association of Residential Lenders.

"Over the course of my career I have focused on providing quality products, unrivaled service levels and technological innovation," said Ousley. "I'm delighted with the opportunity to work at a company that shares these qualities and look forward to working with the team to find new opportunities to develop trusted partnerships, to find ways to make our customers' lives run a little smoother."

By joining Clear Capital, Ousley will further strengthen an Appraisal team that excels in providing excellent day-to-day relationships with its customers and appraiser network. The Clear Capital Appraisal Group provides standard residential appraisal services for loan originations, loan workout servicing, loan defaults and REO properties. The company's unique appraisal management model focuses on forming unsurpassed relationships between customers and the members of its appraiser network.

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.

Contact Information: CONTACT: Michelle Sabolich Atomic Public Relations for Clear Capital (415) 402-0230