Clear Capital®, a national real estate valuation technology company, has announced the launch of Desktop Appraisal and Desktop Data Collection, two products designed to further modernize and increase certainty in the appraisal process.
Clear Capital is now offering Desktop Appraisal, a GSE-compliant 1004 Desktop/70D residential appraisal that quickly delivers a reliable opinion of value with price certainty. Additionally, the company announced Desktop Data Collection, a certified, background checked data collector-enabled property data gathering service designed to capture information, photos, and generate high-fidelity floor plans with interior walls and ANSI-aligned digital gross living area (GLA) to help appraisers complete a desktop appraisal with confidence.
“The recent additions of desktop appraisals to Fannie Mae and Freddie Mac’s selling guides were an important milestone for our industry, as the desktop option can help deliver more timely appraisals while mitigating appraiser capacity restraints and helping to standardize property data collection,” said Duane Andrews, CEO of Clear Capital. “Through our Desktop Appraisal solution, seasoned appraisers can deliver an opinion of value up to 50% faster than a traditional appraisal, meaning mortgage lenders can confidently close loans faster for their customers.”
Andrews said the cost and risk performance of appraisals conducted through Clear Capital’s Desktop Appraisal product is consistent with traditional appraisals. Standard pricing without any fee escalation means the appraisal costs are always clear upfront.
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 the gaps in public sources, enabling the appraiser to complete a desktop appraisal.