Listing Bits Episode 72: Floor Plan Tech for Desktop Appraisals – with Jeff Allen of CubiCasa

Approximately 8 million appraisals were conducted in the US last year. By contrast, there are only 40,000 active real estate appraisers. So, it's no surprise that Fannie Mae and Freddie Mac are exploring appraisal modernization initiatives like the desktop appraisal option.   But to make these alternatives to the traditional appraisal work, we need data in the form of an accurate floor plan. And we need it at scale.   Jeff Allen is EVP of Innovation Labs Clear Capital, a leading property valuation tech company, and President of CubiCasa, an easy-to-use app for automating the creation of real estate floor plans. On this episode of Listing Bits, Jeff explains how the barrier to entry to become an appraiser has sparked a total transformation of the industry.   He discusses his work helping GSEs test alternatives to the traditional appraisal, describing why floor plans are an essential part of 'bringing the house to the appraiser' and how he discovered the CubiCasa technology that automates the process. Listen in for Jeff's insight on the copyright dispute over real estate floor plans and learn how to support the creative partnerships necessary for CubiCasa to scale.   What's Discussed:     How Clear Capital serves large financial institutions in the realm of property valuation How the barrier to entry to become an appraiser has sparked a total transformation of the industry Jeff's work helping GSEs test alternatives to the full traditional appraisal Why floor plans are essential in 'bringing the house to the appraiser' How Jeff discovered the CubiCasa tech for automating floor plans and how it works The creative partnerships necessary for CubiCasa to achieve scale (e.g.: real estate photographers) How the desktop appraisal option supports CubiCasa's efforts to scale The other major appraisal modernization initiatives coming from Fannie and Freddie Jeff's take on the current copyright dispute over real estate floor plans   Connect with Jeff:   CubiCasa  Email: jeff [at] cubicasa [dot] com Jeff on LinkedIn Clear Capital   Resources:   10K Research and Marketing Appraisal Subcommittee Dodd-Frank Desktop Appraisals Vendor Alley FloPlan App Greg's Post on FloPlan Copyright Dispute Over Real Estate Floor Plans Designworks Homes v. Columbia House of Brokers Realty CMLS's Amicus Brief on the Floor Plan Copyright Dispute NAR's Amicus Brief on the Floor Plan Copyright Dispute   Our Sponsor:   Cloud CMA for Brokers