Valligent, a Veros Software company at the forefront of tech-enabled real estate valuation solutions, is proud to introduce the groundbreaking 1004D Virtual Completion Certificate. This innovative tool redefines the verification process for the completion of appraisal report conditions related to construction, repairs, or alterations, offering a seamless and rapid solution.
1004D Virtual Completion Certificate delivers unparalleled speed and convenience with the same quality assurance as a traditional, in-person completion inspection. The 1004D Virtual Completion Certificate process establishes a smooth connection between the appraiser and the property contact through a cutting-edge video streaming service. By guiding the property contact through the inspection and photography process, this revolutionary process empowers the appraiser the ability to potentially finalizes Form 1004D orders within hours, drastically reducing underwriting cycle times for lenders.
The 1004D Virtual Completion Certificate serves to provide lenders or clients with a precise update certifying the completion of a construction or repair project. It is ideal for use in various scenarios, including new construction, ensuring completion per plans and specifications, as well as existing construction for repairs or alterations.
With 1004D Virtual Completion Certificate, the lender places an order with the original appraisal attached. Only a brief 10 to 15-minute inspection is needed to validate the completion of repairs or construction. The product’s single-use point of contact and encrypted appraiser connection, coupled with geo-tracking for photo location and timestamp confirmation, ensure a swift and secure inspection.
“Inspecting virtually increases speed, efficiency and convenience for originators, the property points of contact and appraisers,” said George Paquette SRA, Chief Operating Officer at Valligent. “The 1004D Virtual Completion Certificate makes the experience as simple as taking a video call. At Valligent, we strive to offer digital-first solutions that can truly streamline processes that have traditionally taken weeks.”
To learn more, please visit our product page or email contactus@valligent.com.
About Valligent, a Veros Software Company
Founded in 2003 and headquartered in Roseville, California, Valligent established itself as a leader in appraisal, alternative valuation, quality control, and Regulatory Audit solutions. Utilizing a combination of experienced property valuation personnel, automation, powerful functionality, and mobile technology, Valligent is dedicated to making the property valuation process simple and efficient for everyone involved. Valligent provides comprehensive valuation technology expertise and services to hundreds of banks, credit unions, mortgage lenders, and insurance companies nationally. They have developed a state-of-the-art valuation technology platform, fully integrated with best-in-class data providers, Loan Origination Systems (LOS), and on-demand cloud computing platforms and API providers.
Electronic Appraisal Solutions, Inc. is doing business as Valligent. Valligent was acquired by Veros Software, Inc. in 2022. For more information, visit valligent.com.
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