Clear Capital rolls out new desktop appraisal products

“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 Clear Capital CEO Duane Andrews. 

Andrews added that the cost and risk performance of appraisals conducted through Clear Capital’s Desktop Appraisal product is on par with traditional appraisals.

“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,” he said.

On the other hand, the Desktop Data Collection helps appraisers complete a desktop appraisal with the certainty that they will have the necessary property information, such as property condition information, photos, and accurate, high-fidelity floor plans with interior walls.

“Our experienced panel provides coverage across 90% of the US, meaning lenders can broadly adopt Desktop Data Collection and quickly scale nationwide,” said Dan McAlister, director of product management at Clear Capital. “The product can be easily integrated into many leading order management systems, simplifying the order process. Lenders can engage their existing AMC or direct-engagement appraiser panels to reliably complete the desktop appraisal with the necessary property data.”