A desktop appraisal is a type of appraisal in which an appraiser uses property data to complete a full appraisal without conducting a physical inspection of the property. Appraisers may use photos and floor plans, similar properties, previous home sales data, tax records, and multiple listing service (MLS) data to complete the appraisal.

Desktop appraisals often rely on a trained property data collector to visit a subject property, perform an in-person inspection, and collect property information. The appraiser then uses the property data collection to complete the appraisal. Because the appraiser doesn’t visit the property themselves, desktop appraisals are often more affordable than traditional appraisals and up to 50% faster. 

Property data collectors can be real estate agents or brokers, appraiser trainees, appraisers, or other trained professionals. Clear Capital’s property data collectors need a real estate license and must be in good standing with their state board. They must also complete Clear Capital’s certification process.

Desktop appraisals are accepted by the government-sponsored enterprises, Fannie Mae and Freddie Mac. Fannie Mae’s desktop appraisal is called a 1004 Desktop, and Freddie Mac’s is called 70D.