TRANSFORMATIVE INNOVATION

At the heart of this innovation is the industry's first 3D autonomous property scanning technology that does 360-degree precision scans and generates a digital twin of the property inclusive of ANSI floor plans at unprecedented levels of consistency. The future of property scanning, our Property Fingerprint technology is portable and fungible across GSEs and all digital products. 

Other AMCs utilizing 2D technology do not capture 360-degree imagery via an automated solution, which could result in significant exclusions/gaps, human error, missteps, and delays. Our high-resolution 3D scanning solution is the most reliable technology in the market and is years ahead of the competition.

• Detailed property geocoded data can never question the property's location and time of inspection.
• Virtual models of the entire property, with both inside and outside views with the ability to zoom in for a closer look at the details or zoom out for the bigger picture.
• Ability to revisit the property virtually at any time – for clarity, you need to close sooner.
• You don't miss any information with 360-degree 3D autonomous scanning; it cuts out multiple revisits and saves valuable time. Don't leave yourself vulnerable with the same 2D approaches other providers depend on.

Cut appraisal times in half and close deals quicker with Property Fingerprint

SEE THE BENEFITS IN ACTION

NO VALUATION WITH ACE+ PDR

HOW IT WORKS

Longer appraisal wait times erode borrower trust and negatively impact the customer experience and satisfaction, resulting in lower loan pull-through rates, referral business, cross-sell opportunities, retention, and repurchase.

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Data Transferability

Using Property Fingerprint, 100% of the property data is collected upon the first scan, which is transferable to any appraisal type and GSE ensuring your borrowers will never be bothered with an additional property data request.  

Efficiency 

Simply request the digital appraisal, and we’ll handle the rest. And with the speed of Property Fingerprint, appraisals can be completed in record time and as quickly as 48 hours. Take advantage of a more seamless process and cut out the back and forth. With Property Fingerprint, underwriter revision rates have been reduced by 85%.

Happier Agents 

Your real estate agents will thank you! Don't put them through long, tedious traditional inspection. Class's Digital Capture Specialist with a high level of customer service orientation will help capture the required data with our 3D autonomous scanners in 30 minutes and be out the door vs. 2- 3 hours with 2D technology.

Almost every other competitive product in the market that supports GSE-compliant desktop appraisal and GSE-Compliant 1004 Hybrid/70H Appraisals are either using older 2D scanning technology or sketching applications. In contrast, our Property Fingerprint 3D autonomous scanning technology eliminates the risk of human error and consistently produces the same accurate results.

Our Property Fingerprint 3D technology captures a fungible property data set that is transferable across GSEs and supports all property data collection products, including but not limited to ACE + PDR, Data and Waiver, Hybrid, and Desktop Appraisals.

Class Valuation has successfully completed the verification process and is an verified provider for Freddie Mac's new ACE+ PDR solution.

In July 2022, Freddie Mac transitioned from offering ACE assessment for appraisal waivers to offering ACE+ PDR for cash-out refinances and certain no cash-out refinances. This means a Property Data Report (PDR) is now required for these approved loans. A PDR is a comprehensive report of property data physically collected by a trained data collector and technology fulfilling the proprietary Freddie Mac PDR dataset specifications. A PDR provides detailed information about the property's condition, floorplan, amenities, etc. and allows lenders to continue to benefit from originating loans without an appraisal while still obtaining data on the property for risk assessment.

The data set requirements to participate are very comprehensive, and Class Valuation's Property Fingerprint Report provides lenders with everything they need to leverage this new and exciting product. Turn times are 4-5 days faster for completing a PDR vs. a traditional appraisal. With speed and no valuation required, ACE+ PDR is a clear winner and offers a solution to help lenders get to the closing table faster and with greater certainty.

"Property Fingerprint is the only 3D scan technology utilizing virtual inspection to collect comprehensive, standardized, and repeatable data collection," said Scot Rose, Chief Innovation Officer at Class Valuation. "We are thrilled to be leading the way and enabling our partners to take advantage of these new and exciting programs like ACE+ PDR, desktop, and hybrid appraisals."

© 2022 Class Valuation 

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