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“In Europe and Australia, floor plans are very common on properties, and you wouldn’t dream of going to sell your home without one. Now it’s about increasing adoption and getting more agents, more appraisers, more real estate photographers to use the tool. It’s also giving homeowners what they want,” he said.
He added that the app also conforms to ANSI standards, which have been adopted by Freddie Mac and Fannie Mae.
As the new technology is also free, Clear Capital believes that it can tap into a potentially huge market with the app, which can be downloaded on to any smartphone.
The only cost involved is for the purchase of optional add-ons, based on a customer’s needs, which may include company branding.
Clear Capital also offers the ClearInsight+ tool for lenders looking to originate loans under the Freddie Mac ACE+ PDR (Automated Collateral Evaluation plus Property Data Report) program.
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