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.   

 
Published
Jul 05, 2017
More from
Tech
SimpleNexus Unveils Nexus Pay With In-App Payment Capabilities

SimpleNexus announced its upcoming Nexus Pay feature for mortgage loan applicants. The company is planning to do a full unveiling at the Mortgage Bankers Association's Annual Convention and Expo.

Tech
Oct 13, 2021
Redwood Trust Invests In Flock Homes Rental Ownership Platform

Redwood Trust Inc. announced its investment in Flock Homes, a rental ownership platform that converts owners into passive investors.

Tech
Oct 07, 2021
DocMagic Updates eSign Platform With Version 3.0

DocMagic Inc. launched its eSign 3.0 platform featuring enhancements to its remote notary and eClosing capabilities.

Tech
Oct 06, 2021
New CoreLogic Listing Platform Streamlines Navigation In NYC Real Estate Market

New York City has a notoriously hard-to-navigate housing market, but a better property listing platform from CoreLogic can simplify the process for new homebuyers.

Tech
Oct 04, 2021
Knock GO Aims To Make First-Time Homebuyers Cash Buyers

Knock launch of Knock GO (Guaranteed Offer), a cash-backed home loan solution for first-time homebuyers looking to compete in the housing market.

Tech
Oct 04, 2021
DataVerify And Nexsys Technologies Join Forces For Automated HOI For Lenders

New integration between DataVerify and Nexsys Technologies is looking to automate homeowners insurance (HOI) verification for lenders.

Tech
Oct 04, 2021