Congress closer to prodding VA to update appraisal requirements

The Department of Veterans Affairs allows desktop appraisals when borrowers put 20 percent down, but nearly 90 percent of VA-backed loans are made to homebuyers who put nothing down. Continue reading

New tools from Clear Capital facilitate desktop appraisals

Real estate agents and brokers approved by Clear Capital provide property information and photos that supplement data from public sources, helping appraisers complete accurate desktop appraisals. Continue reading

Clear Capital acquires floor plan app CubiCasa

CubiCasa’s mobile scanner provides real estate photographers, staging professionals, interior designers and contractors a solution for acquiring space dimensions and construction insight in under five minutes. Continue reading

Banks can now delay appraisals for up to 120 days after closing

In addition to allowing lenders to delay appraisals for up to 120 days after closing, the temporary rule also allows for desktop appraisals and other forms of assessment flexibility. Continue reading