About ClearCloser
ClearCloser is a pioneering financial technology company dedicated to modernizing the mortgage industry by transforming traditional mortgage processes into streamlined, digitized operations. Leveraging advanced data analytics, artificial intelligence (AI), and emerging financial technologies, ClearCloser converts conventional mortgages into digital assets, creating a dynamic, immutable record for each mortgage.
Mission and Vision
ClearCloser’s mission is to bridge the gap between technology and real estate, providing tools specifically designed to address the unique challenges of the mortgage industry. The platform is engineered to manage the full complexity of real estate transactions, considering factors ranging from market trends to regulatory compliance.
Leadership Team
Kristine Viera, Founder & CEO: With over 13 years of experience in fintech and mortgage technology, Kristine has a background in construction finance, private lending, and self-taught coding. She founded ClearCloser to revolutionize mortgage transactions through AI and blockchain technology.
Christopher E. Campbell, Board Member: Former Assistant Secretary of the Treasury for Financial Institutions, Christopher brings extensive experience in financial legislation and regulation to ClearCloser. He is the founder of Incamera Solutions and has served as Chief Strategist at Kroll, advising on financial policy and business strategy.
Marson Cunha, Board Member: With over 20 years in capital markets, structured finance, and private equity real estate, Marson is a partner at Reag Investments, managing over $40 billion in assets.
Michael Tedesco, Advisor: CEO of Appraisal Nation, a nationwide appraisal management company, Michael provides strategic guidance to ClearCloser.
Technological Innovations
ClearCloser’s platform offers over 32 application programming interfaces (APIs) and features the proprietary Instant Underwriter Algorithm, modeled around the industry’s standard 5 C’s of Credit. This system provides open parameter flexibility, adapting to multiple loan program criteria and dynamic underwriting conditions.
The platform’s architecture is modular with a hybrid tenant system, facilitating seamless integration with various third-party services and frameworks. This adaptability allows businesses to incorporate their own solutions and evolve alongside advancing technologies.
Product Offerings
Retail Origination: Designed for private lenders, realtors, brokers, and correspondent lenders, ClearCloser offers a new way to lend, transforming traditional lenders into powerful digital asset originators.
Secondary Market: For aggregators, whole note buyers, REITs, hedge funds, portfolio managers, and diligence firms, the platform enables full involvement in purchasing closed loans, including origination across intake channels and post-close back-office asset management functions, all on a single platform.
Industry Impact
ClearCloser has been recognized for its innovative approach to mortgage technology:
In August 2024, former U.S. Treasury Official Christopher E. Campbell joined ClearCloser’s Board, marking a significant shift in the industry by combining technological innovation with deep regulatory expertise.
CEO Kristine Viera was featured at the Deutsche Bank Next Gen Global Innovation Summit in Silicon Valley, highlighting her leadership in driving change within the mortgage and financial technology sectors.
Clientele and Services
ClearCloser serves a diverse range of clients across 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.
Conclusion
By converting traditional mortgages into secure digital assets, ClearCloser offers financial institutions a real-time view of residential asset portfolios. This real-time monitoring detects irregularities and triggers corrective actions before crises occur, aiding in risk mitigation and portfolio management. ClearCloser stands out by aggregating, validating, livestreaming, and digitizing underwriting and valuation data, addressing the dynamic needs of the capital markets.