clear capital®a national property valuation technology company, has announced the launch of Desktop Rating and Desktop data collectiontwo products to further modernize and increase security in the assessment process.
Clear Capital now offers Desktop Appraisal, a GSE compliant 1004 Desktop/70D home appraisal that quickly delivers a reliable appraisal with price certainty. The company also announced Desktop Data Collection, a certified, background-checked data collector-enabled real estate data collection service for capturing information, photos, and creating high-fidelity floor plans with interior walls and ANSI-aligned digital gross floor area (GLA). to help reviewers complete a desktop review with confidence.
“The recent addition of desktop appraisals to Fannie Mae and Freddie Mac’s sales guides has been an important milestone for our industry, as the desktop option can help deliver more timely appraisals while alleviating appraiser capacity constraints and increasing real estate data collection standardize,” said Duane Andrews, CEO of Clear Capital. “Through our desktop appraisal solution, experienced appraisers can complete an appraisal up to 50% faster than a traditional appraisal, which means mortgage lenders can securely close loans for their clients faster.”
Andrews said the cost and risk performance of assessments conducted through Clear Capital’s desktop assessment product is consistent with traditional assessments. Standard pricing with no fee increase means assessment costs are always clear up front.
With Clear Capital’s desktop appraisal product, a certified data collector completes a desktop data collection report to provide property information and photos that fill in the gaps in public sources so the appraiser can complete a desktop appraisal.
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