Stellar Innovations Launches CLARAA to Automate and Accelerate Loan Processes

Stellar Innovations, a company dedicated to modernizing critical workflows in the mortgage, title, and real estate lifecycle, has launched a new product called CLARAA. This innovative solution aims to automate, accelerate, and authenticate the loan lifecycle, addressing key challenges in the mortgage industry.

CLARAA is designed to streamline the entire loan process, from initial data extraction to final servicing. The system automates manual processes, including document classification, data extraction, and rule-based checks. By doing so, it significantly reduces the time required for loan reviews, making the process more efficient and less prone to human error.

One of the key features of CLARAA is its ability to accelerate the review process.

Another critical aspect of CLARAA is its authentication capabilities. The system can identify whether documents have been manipulated, ensuring that underwriters are basing their decisions on authentic information. Every finding is recorded in an immutable, audit-ready form, providing a transparent and verifiable trail of document integrity.

Stellar Innovations emphasizes that CLARAA is flexible and can be configured to fit the specific needs of lenders. Users can apply their own overlays, rules, and risk tolerances, ensuring that the system works seamlessly with their existing processes. The platform also integrates with loan origination systems (LOS) and delivers data in MISMO ILAD format, making it easy for results to flow directly into the systems lenders already use.

The CLARAA system includes several tools to support lenders in their workflow. These include an integrated QC rules engine that runs pre-funding, post-funding, and servicing quality control audits against the lender's own rules and overlays. Additionally, there is a document fraud tool that identifies manipulated documents and assigns a risk rating, and an income calculator that completes income calculations within the platform, with every input and result documented.

For lenders looking to enhance their loan processing capabilities, CLARAA offers a comprehensive solution. By automating manual tasks, accelerating review times, and ensuring document authenticity, the system aims to provide a more efficient and reliable loan lifecycle management experience.