Clear
Capital,
a
real
estate

valuation
technology
company,
has
broadened
its
collaboration
with
data
management
platform

Cherre,
the
companies
announced
on
Wednesday.

Under
the
expanded
partnership,
Cherre’s
customers
will
gain
access
to
ClearAVM,
Clear
Capital’s

automated
valuation
model
(AVM),
through
Cherre’s
advanced
programming
interface
(API).

ClearAVM
offers
precise
property
valuations,
empowering
property
investors
and
asset
managers
to
make
well-informed
decisions
regarding
investment,
management
and

underwriting.
Additionally,
customers
will
be
able
to
automate,
standardize
and
validate
data
from
multiple
third-party
sources.

Cherre
customers
will
now
have
the
advantage
of
utilizing
ClearAVM’s
nationwide
coverage
to
pinpoint
investment
opportunities
that
align
with
their
investment
criteria.

Single-family
rental
(SFR)
investors
also
rely
on
AVMs
to
assess
asset
portfolios,
guide
leasing
and
sale
decisions,
and
ensure
thorough
due
diligence.

“We
pride
ourselves
in
the
strength
and
reliability
of
our
AVM,
and
we’re
looking
forward
to
the
opportunity
to
expand
its
reach
and
impact
beyond
the
traditional
mortgage
origination
space,”

Kenon
Chen,
executive
vice
president
of
strategy
and
growth
at
Clear
Capital,
said
in
a
statement.

“Being
able
to
provide
fast
certainty
and
confidence
to
more
industries
that
need
or
can
benefit
from
an
automated
valuation
is
a
natural
next
step
for
us
and
for
our
partnership
with
Cherre.”

Clear
Capital
and
Cherre
started
their

collaboration
in
November
2022.
The
initial
partnership
allowed
Cherre
customers
to
harness
Clear
Capital’s
extensive
property
analytics
alongside
internal
systems
and
application
data.
This
integration
empowered
customers
to
conduct
more
precise
modeling,
enhance
risk
assessments
and
efficiently
identify
investment
opportunities
at
reduced
costs,
a
the
news
release
stated.

ClearAVM
can
predict
values
for
nearly
every
residential
property
in
the
U.S. and
is
regularly
updated 
to
offer
comprehensive
insights
into
the
nation’s
housing
market.
Its
accuracy
has
been
validated
by
rating
agencies,
third-party
testing
and
independent
customer
feedback.

“We’ve
seen
nearly
a
year
and
a
half
of
proven
success
with
our
current
data
partnership,
so
it
makes
sense
to
add
offerings
that
specifically
support
our
clients
in
the
single-family
residential,
asset
management,
commercial
and
real
estate
spaces,”
Kevin
Shtofman,
global
head
of
innovation
at
Cherre,
said
in
a
statement. 

“Any
AVM
can
be
used
by
SFR
managers
and
investors
to
make
more
informed
decisions,
but
ClearAVM
provides
our
customers
with
a
unique
measure
of
predicted
accuracy,
quickly
allowing
them
to
gauge
each
valuation’s
reliability
and
set
a
valuation
risk
tolerance.
We’re
thrilled
to
bring
these
capabilities
to
our
customers
and
to
expand
our
relationship
with
Clear
Capital.”

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