Skip to main content

FirstClose Adds Desktop Valuations to Its Product Suite

NationalMortgageProfessional.com
Jul 05, 2017
FirstClose has announced the addition of Desktop Valuations to its stable of bundled products

FirstClose has announced the addition of Desktop Valuations to its stable of bundled products. Desktop Valuations are evaluations using interactive analytical methods and valuation tools. Lenders can choose to have the Desktop Valuation completed by FirstClose’s in-house team of licensed, real estate valuation specialists or completed and signed by a licensed appraiser ensuring USPAP compliance. Desktop Valuations replace costly expenditures associated with 2055 (drive-by) and 1004 (full) appraisals. Lenders can also add a Property Condition Report to a Desktop Valuation, which will provide an external inspection, current photos and overview of property condition.
 
“One of our customers decreased closing times by 25 percent and saved more than $1.1 million in the last 12 months by implementing Desktop Valuations in lieu of costly drive-by and full appraisals,” said Tedd Smith, Co-Founder and Chief Executive Officer of FirstClose. “FirstClose is proud to offer these kinds of hard cost savings to ultimately give our customers a competitive edge as they reduce closing times for borrowers.”
 
Desktop Valuations service highlights include:
 
►The option of ordering a Desktop Valuation within a FirstClose Report package, with a Property Condition Report, or à la carte;
►Comparable sale search parameters that are consistent with appraiser-level criteria;
►Delivery within 72 hours of order acceptance, including estimated value, low value, high value, confidence score and comparable sales used to determine value; and
►Nationwide coverage.   

 
More from
Tech
Fraud Detection Transitions To Digital Lending

Mortgage lenders faced $20 billion in mortgage lending fraud exposure last year, according to research from Point Predictive.

Tech
Jun 16, 2021
Radian Expands Integration With Mortgage Cadence

Radian Group Inc. expanded its integration with Mortgage Cadence to include Radian's title and settlement services with the Mortgage Cadence Platform.

Tech
Jun 16, 2021
Zillow Launches Zestimate With Neural Enhancements

Zillow launched major updates to its Zestimate home valuation model, including an updated algorithm.

Tech
Jun 15, 2021
MISMO Releases eMortgage Technology Certification Program

MISMO announced the release of an eMortgage Technology Certification program to assist lenders in finding products that comply with industry standards.

Tech
Jun 15, 2021
Maxwell Introduces MaxDiligence, Due Diligence And QC Service For Lenders

Digital mortgage platform Maxwell, released its latest tech-powered innovation, MaxDiligence to provide due diligence and quality control services for lenders.

Tech
Jun 15, 2021
The New URLA – What’s the Big Deal?

Lenders will need to update their technology stack to comply with the redesigned URLA.

Regulation and Compliance
Jun 14, 2021