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Asteroom launches desktop appraisal data collection service

Asteroom, a California-based 3D tour and floor plan company, announced today the launch of its new nationwide desktop appraisal data collection service, according to a press release.

The new solution is intended to fully enable the desktop appraisal method endorsed and approved by Fannie Mae and Freddie Mac in March, with the company stating it is the “first complete solution to be introduced in support of desktop appraisals, which do not require an appraiser’s physical inspection.”

The company says it accomplishes this by using its proprietary 3D tour and floor plan technology to document interior and exterior visual and dimensional data for residential properties. Asteroom also said that appraisal management companies (AMCs) and appraisers can receive ASI-compliant 2D floor plans with GLA calculations and a complete 3D tour of the interior and exterior within 24 hours.

“We are expediting the appraisal process, with many of our initial desktop assignments being completed in three days start-to-finish. The property can be visited the same day the order is placed so that data is provided to the appraiser the next day,” stated Asteroom CEO Eric Tsai in the release.

“By serving as the ‘onsite eyes’ of the appraiser, we are able to give them confidence in their valuation while also increasing their efficiency and volume by eliminating travel and inspection time,” Tsai said.

In order to provide this data collection solution, Asteroom leverages a network of realtors to collect data using its smartphone-enabled 3D tour kits. It says this enables appraisers to view property remotely in its entirety with accurate and reliable appraisal results, and helps meet the goal of desktop appraisals by streamlining the overall loan process.

The company also noted that its 3D tours, and expedited turnaround on appraisals, are expected to help drive adoption of desktop appraisals and provide more validated, accurate values for the industry.

In other recent proptech news, Serendipity Labs announced forming a new wholly owned subsidiary, WorkplaceCloud, to license its flexible office tech to landlords. Thirty Capital also launched a new CRE data management platform aimed at mid-market real estate players.

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