Terms of Service

Last updated: March 15, 2026

These Terms of Service ("Terms") govern your access to and use of ClearClose, a loan origination platform operated by Sheer Data, LLC ("Sheer Data," "we," "our," or "us"). By accessing or using ClearClose, you agree to be bound by these Terms.

1. Services

ClearClose provides AI-powered loan origination services for mortgage lenders, including:

2. Account Responsibilities

You are responsible for maintaining the confidentiality of your account credentials and for all activities that occur under your account. You must immediately notify us of any unauthorized use of your account.

3. Acceptable Use

You agree not to:

4. Data Ownership

You retain all rights to your loan data and documents. You grant Sheer Data a limited license to process your data solely for the purpose of providing ClearClose's origination services. We do not claim ownership of your data and will not use it for purposes beyond providing the contracted services.

5. AI-Generated Content

ClearClose's document classifications, compliance checks, readiness scores, and findings are generated by artificial intelligence and are provided for informational purposes. They do not constitute legal, financial, or regulatory advice. You are responsible for independently verifying findings and making your own lending decisions.

While we strive for accuracy, AI-generated analysis may contain errors or omissions. ClearClose is a tool to augment — not replace — your team's professional judgment.

6. Regulatory Compliance

ClearClose provides tools to assist with regulatory compliance (TRID, QM/ATR, HMDA, etc.), but ultimate compliance responsibility remains with you as the lender. ClearClose does not guarantee regulatory compliance and should not be relied upon as the sole compliance mechanism.

7. Service Availability

We strive to maintain high availability but do not guarantee uninterrupted access. We may temporarily suspend access for maintenance, updates, or security reasons. We will provide reasonable advance notice of planned maintenance when possible.

8. Fees and Payment

Pricing is established through individual service agreements. We will provide at least 30 days' notice of any pricing changes. You are responsible for timely payment of all fees associated with your subscription.

9. Limitation of Liability

To the maximum extent permitted by law, Sheer Data shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, data, or business opportunities, arising from your use of ClearClose. Our total liability shall not exceed the fees paid by you in the twelve months preceding the claim.

10. Indemnification

You agree to indemnify and hold Sheer Data harmless from any claims, damages, or expenses arising from your use of ClearClose, your violation of these Terms, or your violation of any third-party rights.

11. Termination

Either party may terminate the service agreement with 30 days' written notice. We may immediately suspend access if we believe you are violating these Terms or applicable law. Upon termination, we will provide a reasonable period to export your data.

12. Governing Law

These Terms are governed by the laws of the State of Tennessee, without regard to its conflict of laws provisions.

13. Changes to Terms

We may modify these Terms at any time. We will notify you of material changes at least 30 days before they take effect. Your continued use of ClearClose after changes take effect constitutes acceptance of the modified Terms.

14. Contact

For questions about these Terms, contact us at:

Sheer Data, LLC
Email: hello@sheerdata.com