The real estate industry is undergoing a major transformation with the use of technology enabled solutions, and at the forefront of this change is Valligent’s 1004D Virtual Completion Certificate (Virtual 1004D). Whether you’re a lender, appraiser, investor, or homeowner, this innovative tool is streamlining the way property repairs, and construction completions are verified—without the hassle of scheduling in-person visits. It is also a viable option for post-disaster inspections.
If you’ve ever experienced delays due to traditional inspections, the Virtual 1004D is about to change the game for you.
What is a Virtual 1004D Completion Certificate?
The 1004D Completion Certificate is a crucial document used to confirm that required property repairs or construction projects have been completed. Historically, appraisers had to conduct physical site visits to verify these updates, which could take days or even weeks.
Now, with Virtual 1004D, the process is efficient and fully remote.
Using secure video technology, licensed appraisers can conduct real-time inspections, guiding property contacts through a live-streamed inspections collecting the data and photo evidence required. The result? Faster approvals, lower costs, and a smoother experience for everyone involved.
Why Lenders and Housing Professionals are Making the Shift
Virtual 1004D isn’t just a digital convenience—it’s a strategic advantage. Here’s why housing professionals are making the transition:
1. Speed and Efficiency
Time is money. Traditional inspections can cause bottlenecks in the loan approval process. Virtual 1004D allows lenders to receive completion verification within hours, expediting loan closings and keeping transactions on track.
2. Seamless Post-Disaster Recovery
After a natural disaster, timely inspections are critical. Virtual 1004D ensures that property conditions are assessed immediately, even if roads are blocked or communities remain in recovery mode. This technology allows homeowners and lenders to quickly verify damage once access to the property is granted.
3. Significant Cost Savings
With virtual inspections, there’s no need for appraisers to travel, significantly reducing the appraiser’s time spent on the product and in turn saving valuable costs.
4. Improved Accessibility
For remote or rural properties, finding an available appraiser can be a challenge. Virtual 1004D removes geographical limitations, ensuring inspections happen when they’re needed, not when an appraiser happens to be available.
5. Enhanced Accuracy and Compliance
Virtual inspections don’t cut corners. They incorporate geo-tracking, time-stamped photos, and secure data encryption, ensuring that every assessment meets compliance standards set by Government-Sponsored Enterprises (GSEs) and lenders.
Who Benefits from Virtual 1004D?
· Lenders & Mortgage Servicers: Financial institutions rely on these certificates to confirm that properties meet necessary standards before closing loans.
· Licensed Appraisers: Professionals who perform the virtual inspections are responsible for completing the form based on their findings during remote assessments. Using this solution results in increased productivity by eliminating travel time and some manual paperwork.
· Property Owners/Contacts: Individuals who manage or own properties play an active role in facilitating virtual inspections by providing access and information needed for appraisals. Utilizing Virtual 100D provides greater convenience.
Adopting Virtual 1004D is more than a modernization—it’s a competitive necessity. As technology continues to reshape the housing market, embracing digital solutions like Virtual 1004D ensures you stay ahead of industry trends while improving operational efficiency.
Are you ready to experience the future of property inspections? Contact Valligent, the first provider of Virtual 1004Ds, to learn more about how it can enhance your processes.
