Clearbox is the most comprehensive database of appraisers and real estate agent credentials available in the US today. It is mission critical to “know your vendors”- avoid repurchases, remain compliant, and increase operational efficiency by connecting with all appraisers within a specified radius of the subject property.
Clearbox is the only centralized repository of disciplinary actions, X Files™, inclusive of the consent order, when available. As a subscriber, you will have access to all X-Files™ within the last 7 years. Contact firstname.lastname@example.org for details.
This X- Files Monthly Report is a monthly compilation of the last 90 days of disciplinary actions.
Any lagging X- Files, not received from the state, will be included as received, in the report the following month.
What is unique to Clearbox is that nowhere else is there an aggregated source for disciplinary actions and the actual consent orders( as available).
The report is broken down into two categories- ASC actions and State Actions.
Required reporting includes- revocations, suspensions and voluntary surrender. States have other categories that are not standardized- censures, probation, education, fines, admonishment and so on.
When managing a panel of appraisers, guidance requires that both lenders and AMCs perform proper due diligence on their vendors.
Due diligence is not complete without a disciplinary history of each appraiser on your panel.