Real estate data technology company Clear Capital has hired more than 350 new employees since the start of this year, and it is still looking to fill 170 more positions.
Founded in Truckee in 2001, Clear Capital now has 1,400 employees through its four subsidiaries. The company has offices in Reno, where it moved its headquarters in 2015, as well as Roseville, Truckee and Bloomington, Minnesota. The majority of its employees are currently working remotely, a spokesman said. The Roseville office, which the company opened over a decade ago, has about 200 employees assigned to it, when the company isn't remote.
“In one of the most challenging business climates in history, we have had revenue growth exceeding 50% and are in the fortunate position where we can continually expand our workforce and bring new talent into the fold," Clear Capital CEO Duane Andrews said in a news release. "Over the past year, we’ve brought new innovations to market and have dedicated ourselves to making real change in partnership with organizations who, like us, care about helping others first.”
Clear Capital’s primary customers are large, nationwide mortgage companies, mortgage servicers and banks. It provides recent listing and sales prices down to the neighborhood level across most of the country.
It works with a network of independent appraisers and others who can make site visits and collect photos and other information to validate property records for lenders and others in the real estate industry.
Clear Capital’s hiring activity has been steady, even at a time when the company was primarily working remotely, said Scott Paer, an outside marketing consultant working with Clear Capital.
“The past year has been a period of rapid growth. They’ve added new products and new initiatives,” Paer said.
In September, Clear Capital completed an acquisition of scanning technology startup CubiCasa, which has developed an app that allows for quick floorplan digitization.
"It has certainly been an intense year in our industry and for Clear Capital. We have been very focused on digitizing and streamlining the appraisal process," said Kenon Chen, executive vice president of corporate strategy at Clear Capital, via email. "From technology-enabled property data collection to hybrid appraisals and automated collateral underwriting, our goal is to deliver transformative solutions based on a deep knowledge of residential properties."
Clear Capital boasts 47 of the top 50 lenders in the nation as its customers, according to its website. The company has compiled a database of 2.6 billion property data records in the past two decades. Most Clear Capital services are targeted at the U.S. market.
