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

by Greg Robertson on May 9th, 2022

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

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